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  • 30-Year Mortgage Rates Fall Under 6%

    Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.94 percent during the week ended Oct. 9, marking the first decrease in three weeks. The 15-year fixed rate slipped to 5.63 percent from 5.78 percent the previous week. Meanwhile, the five-year adjustable mortgage rate dropped a notch to 5.9 percent from 6 percent; and the ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 12, 2008
  • BIG BREAK FOR TEXAS BORROWERS

    NEW YORK (New York Times) – Countrywide Financial, in an effort to resolve lawsuits against it, has launched the largest program ever to help struggling homeowners in Texas and ten other states. The lender, recently acquired by Bank of America, will provide a total of $8.7 billion to borrowers, $8.4 billion of which will be through ...
    Posted to Chris Thorpe (Weblog) by 186748 on October 7, 2008