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Mortgage rates drop, snapping a 3-week climb (CNN Money)
Rates on 30-year fixed mortgages fell for the first time in three weeks after the Federal Reserve said last week that it expects inflation to level off, according to mortgage backer Freddie Mac.
CAGAMAS HKMC LAUNCHES NEW MORTGAGE GUARANTEE FACILITY (Bernama via Yahoo! Malaysia News)
KUALA LUMPUR, July 4 (Bernama) -- Cagamas HKMC Bhd is offering a new mortgage guarantee facility, the mortgage Guarantee Programme (MGP), to financial institutions particularly mortgage originators.
Nationwide Building Society slashes mortgage deal prices (Banking Business Review)
Nationwide Building Society has announced that it is cutting the price of some of its fixed rate and tracker mortgage deals by up to 0.27%.
What's a balloon mortgage? (Louisville Courier-Journal)
A: A balloon mortgage requires you pay off the entire balance early, usually after five or seven years of paying on a normal 30-year schedule. Some balloon mortgages reset, meaning you have the option of continuing making payments, but at a new interest rate. To take advantage of the reset, you typically have to still live in the house, have a record of paying your mortgage on time and have no ...
Top three UK mortgage lenders cut some of their rates (Daily Telegraph)
Britain's three biggest lenders have cut some of their mortgage rates, raising hopes that the worst of the turmoil in the mortgage market may be over. By Harry Wallop, Consumer Affairs Correspondent.
Mortgage broker pleads guilty to federal charge (Boston Globe)
The owner of a defunct South Burlington mortgage brokerage is facing up to 20 years in prison after pleading guilty to a federal wire fraud charge.
Two lenders trim mortgage costs (BBC News)
The Nationwide and Abbey are cutting their mortgage rates slightly - but mainly for those with large deposits.
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