Michigan Mortgage News

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Refinancing and Mortgage News

  • Rates on 30-year mortgages move higher  USA Today - May 02 5:50 AM Rates on 30-year mortgages remained above 6%, edging up to the highest level in seven weeks and reflecting continued financial market concerns about inflation.


  • Halifax restricts new mortgages  BBC News - May 02 10:13 AM The Halifax will stop offering home loans on its standard variable interest rate (SVR) to new customers from 3 May.


  • Building society mortgages fall 68%  Guardian Unlimited - May 02 5:32 PM Business & money: Mutuals are scaling back lending even more severely than their major bank rivals


  • 30-year mortgages gain slightly, average 6.06%  Baltimore Sun - May 02 12:41 AM Rates on 30-year mortgages remained above 6 percent, edging up to the highest level in seven weeks and reflecting continued market concerns about inflation.


  • Mortgages: Mixed economic news keeps U.S. mortgage rates in check  Market Watch - May 01 8:08 AM Mortgage interest rates changed little this week due to mixed news of higher inflation and a weaker housing market, Freddie Macs chief economist said on Thursday.



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  • All types of mortgages see rate increases  AP via Yahoo! News - Jul 24 11:51 AM  Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac.


  • Bankruptcies soar in Santa Clara County as homeowners struggle with mortgages, credit cards  San Jose Mercury News - Jul 24 9:10 PM Like many others caught in the housing crisis, Arthur was on the verge of losing his $600,000 home to foreclosure.


  • Mortgages: Inflation fears send mortgage rates soaring  Market Watch - Jul 24 8:33 AM Mortgage rates spike this week on inflation fears, with the benchmark 30-year, fixed-rate loan soaring more than a quarter percentage point to a national average 6.63%, its highest level in nearly a year, Freddie Mac says.


  • Founders of News Site Involved In Mortgages, Wachovia's Ills  The New York Sun - Jul 24 8:29 PM Here's a story you won't find on the Web site of ProPublica, the crusading new online news organization. Just before house prices began a nationwide decline in 2006, Herbert and Marion Sandler sold a mortgage lender, Golden West, to Wachovia for $25 billion. Since the acquisition, Wachovia's market capitalization has plummeted by more than $60 billion, and it said this week it was setting aside ...


  • All Types of Mortgages see Rate Increases  The Memphis Daily News - Jul 24 10:08 PM WASHINGTON (AP) - Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in finan....



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  Friday, 25-Jul-2008 05:02:32 EDT