Detroit Mortgage News

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Refinancing and Mortgage News

• Rates on 30-year mortgages fall to 4.99% USA Today - Jan 21 10:55 AM Rates for 30-year home loans fell to a shade below 5% this week but remained above last month's record lows.
  
  
• USDA funds mortgages on Indian land Indian Country Today - 57 minutes ago WASHINGTON The U.S. Department of Agriculture extended 43 mortgages for approximately $1 million to American Indian/Alaska Natives on tribal land during fiscal 2009, the agency reported.
  
  
• Mortgages: Average 30-year fixed-rate mortgage below 5% Market Watch - Jan 21 8:01 AM The average rate on 30-year fixed-rate mortgages slipped below 5% this week, following bond yields lower for the third week in a row, Freddie Macs chief economist says.
  
  
• U.K. Mortgages by Six Biggest Banks Stay Close to One-Year High Bloomberg - Jan 21 3:39 AM Jan. 21 (Bloomberg) -- U.K. mortgages approved by the six biggest banks stayed close to the highest level in a year last month and lenders predicted demand will remain ``broadly stable.''
  
  
• Chase offers help to customers on mortgages ABC 13 Houston - Jan 21 8:01 AM Homeowners struggling to pay their mortgages with Chase Bank have a new way to get help
  
  

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