Adjustable-rate mortgages see record low rates in 2012

Personal Finance News

Interest rates for adjustable-rate mortgages (ARMs) hit record-low levels in 2012, Freddie Mac said in a recent report.

Mortgage rates start 2013 right where they left off – near record lows

Personal Finance News

Mortgage rates stayed relatively even week-over-week, hovering near all-time record lows to begin 2013, Freddie Mac said in its first weekly mortgage report of the year.

Home equity balances increase in August

Personal Finance News

Balances on home equity installment loans increased month-over-month in August, which is a possible sign of positive economic change, Equifax said in a recent report.

Refinancing homeowners show strong results in 1st quarter

Personal Finance News

The majority of homeowners who opted to refinance existing mortgages in the first part of 2012 strengthen their financial positions, Freddie Mac said in a recent report.

Mortgage rates at highest levels since late 2011

Personal Finance News

Mortgage rates rose week-over-week, continuing the recent trend of increases in average rates, the Mortgage Bankers Association (MBA) said yesterday.

Refinancing homeowners saving big

Personal Finance News

Refinancing homeowners continue to reap the financial rewards of their choice to refinance their mortgage, Freddie Mac said in a recent report.

Q&A: Is a second mortgage or home equity line a wise move?

Personal Finance News

Second mortgages and home equity lines can be beneficial or harmful, depending on your purpose for borrowing and ability to make payments.

Q&A: Mortgage rate forecast for 2011

Personal Finance News

Mortgage rates may increase somewhat in 2011, but should stay fairly stable, depending on the recession recovery success and inflation rates.

Rates on mortgage loans rise in U.S. for third straight week

Personal Finance News

Prospective homebuyers and those looking to compare mortgage rates received some unwelcome news as averages on mortgage loans rose for the third time in the last four weeks.

Mortgage rates see big jump this week

Personal Finance News

A new report that looks to compare mortgage rates found that they’ve hit their highest level since August.