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News about Mortgages:
Financial News
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates (Fox News)
Bullard: Fed Should Sell Mortgage Holdings Before Hiking Rates

RBC Royal Bank changes residential mortgage rates (CNW Group via Yahoo! Finance)
RBC Royal Bank announced today that it is changing its residential mortgage rates effective February 9, 2010.

Mortgage rates rise slightly (Everett Herald)
Rates on 30-year fixed mortgages rose slightly this week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent this week, up from 4.98 percent last week.

Mortgage rates rise to 5.01% (Fort Wayne Journal Gazette)
Rates on 30-year fixed mortgages rose slightly last week, inching above 5 percent, Freddie Mac said Thursday. The average rate on a 30-year fixed mortgage was 5.01 percent last week, up from 4.98 percent the previous week. Last year at this time, the average rate for a 30-year fixed mortgage was 5.25 percent.

Kiwibank cuts mortgage rates (The New Zealand Herald)
State-owned Kiwibank has cut its variable mortgage rate by 14 basis points (bps) to 5.65 per cent, making it the second lowest bank variable rate behind BNZ's headline Total Money rate of 5.59 per cent.At the same time, Kiwibank...

Area housing market helped by tax credit, mortgage rates (Press & Sun-Bulletin)
A combination of the federal first-time homebuyer tax credit and low mortgage rates reduced the impact of a down economy on the Binghamton-area housing market in 2009, real estate agents said.

National Mortgage Rates Edge Up Slightly (The Memphis Daily News)
McLEAN, Va. (AP) – Rates on 30-year fixed mortgages rose slightly last week, inching above 5 percent, Freddie Mac said Thursday.The average rate on a ....

Mortgage rates on 30-year loans rise to 5.01 percent (Asbury Park Press)
Mortgage rates in the U.S. rose for the first time in five weeks, threatening to slow the housing market's recovery as government incentives near expiration.

CML warns of mortgage shortages, report (ShareCast)
LONDON (SHARECAST) - Britain's banks and building societies have warned that they will have to cut mortgage lending and raise rates if they would have to repay the £300bn they have received in taxpayer support since 2008.

WRAPUP 2-China mortgage rates up as loan clampdown bites (Reuters via Yahoo! Asia News)
(Fixes Feb 3 story to include dropped word "Global" in title of HSBC Global Asset Management in paragraph 12)

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Today's Mortgage Terms starting with O

  • Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.

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