Mortgage Rates Fall Again for 30 Year Home Loans

Home mortgage rates on 30-year home loans plunged this week to the lowest level since January, and are poised to fall further after the Federal Reserve launched a new effort to prop up the flailing housing market. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed rate mortgages dropped to 4.98 [...]

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Will Obama Mortgage Plan Sinking Home Financing

Ben Tracy reports on whom Obama’s housing plan will risk the mortgage lending system. 20% of U.S. homeowners with mortgage loans are “underwater,” meaning they owe more money to their mortgage lender than their property is worth. Borrowers who have mortgage loans above the conforming and FHA loan limits are not eligible for the federal [...]

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