Tag Archives: Rates

Business Briefs: Mortgage rates fall to new low

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Business Briefs: Mortgage rates fall to new low
Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that has helped the housing market start to recover this year. Mortgage buyer Freddie Mac says that the average rate on the 30-year loan dipped to 3.34 percent, the …
Read more on Chattanooga Times Free Press

Tighter mortgage rules threaten economy's recovery
Other findings show one-third of borrowers made additional or accelerated payments on their mortgage while 87% of homeowners have at least 25% equity in their homes. Lower rates have been excellent for Canadians too. Of the respondents who renewed in …
Read more on National Post

Low vacancy rates driving multi-family financing boom

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Low vacancy rates driving multi-family financing boom
A growing amount of money is flowing to finance the buy of existing apartment complexes in Orlando, which ultimately is benefiting area lenders, real estate brokers, contractors and suppliers. Loans to buy or refinance existing Orlando multi …
Read more on Orlando Business Journal

Banks urged to disburse money to rescue property market
Though the real estate prices have dropped by 30-40 percent, apartments still have been left unsold, because both buyers and real estate developers still cannot access bank loans. Banks have announced the programs to fund individuals' plans to buy …
Read more on VietNamNet Bridge

Irish Homes Drawing Buyers After Market Crash: Mortgages
“It's the first time I've bought in Ireland,” said Neil Cotter, a 47-year-ancient accountant based in Gibraltar who bought three apartments in Dublin last month at a sale of distressed real estate. “I just had a look at all the markets in Europe and it …
Read more on Businessweek

Frankfurt Turns Offices to Homes as Excesses Lift Vacancy
“Some older buildings are so expensive to turn into apartments that banks are not playing along,” he said. “There are lots of buildings that have potential, but because of financing difficulties they just stand empty.” The concerns are sometimes …
Read more on Businessweek

Mortgage Rates Start The Week By Falling, May Drop More

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Mortgage Rates Start The Week By Falling, May Drop More
Normally, an improving jobs economy would lead mortgage rates higher but the unexpected effects of Hurricane Sandy, which forced the exchanges closed for 36 hours and which has caused an estimated $ 50 billion in hurt sparked some safe haven …
Read more on The Mortgage Reports

Mortgage rates hover near or at historic lows
“Mortgage rates remained more or less unchanged this week as home construction builds up steam,” Frank E. Nothaft, Freddie Mac vice president and chief economist, said in a statement. “Construction on single-family homes jumped to an annualized rate of …
Read more on Washington Post (blog)