Mortgage Rates News

When will this terrible mortgage news set in the polls against McCain? Come on. Talk about another direct result of BushCo's failures. The FED taking over basically the entire mortgage industry. If this doesn't hurt McCain then Americans are truly lost and clueless.

If Citibank files for bankruptcy, because that is the news going around the banks, what about mortgage holders? CitiBank is one of the largest mortgage holders for America, what is going to happen to all the people who owe money for the mortgages on a home? What do you think? Honest opinions/knowlage please

So i was watching the news ealier today and they were talking about the crash in mortgage companies and how? it could effect the U.S economy, mentioning that the value of the U.S dollar can collapse by 50% in the next few years to come if not sooner...and how some people were already investing over seas and selling their dollars....i cant remember who reported it. But i like to get some opinions on that by the people.thanks.

Do you know the news is reporting the mortgage downfall is the fault of the democrates?

Why are mortgage interest rates rising with such bad news about the economy?

There was also a small bit of good news for homeowners with private mortgage insurance (PMI): Congress voted? There was also a small bit of good news for homeowners with private mortgage insurance (PMI): Congress voted to extend the deductibility of PMI premiums until Jan. 1, 2010. WHAT DOES THIS MEAN BECAUSE I DO PAY A PMI ON MY MORGTGAGE??/ SOMEONE PLEASE EXPLAIN THIS TO ME???

What's the latest news on Chris Dodd's mortgage? Did he or did he not receive a rate more favorable than what the market rates were, and has he given his HUD statement?

Hi There was an article on yahoo news last week about a judge ordering that the mortgage be paid off? the article was talking about the stall tactics and bad behaviour used by the bank and ordered the mortgage be paid off in full. I am in a similar situation. can you find the article. I have searched the archives

What's going on with Northern Rock, just heard something on the news. I've got a buy to let mortgage with them Should i be worried finance people out there?

what is all this about mortgages on the news? I hear all this stuff about mortgages on the news this weekend. What does it all mean? I am not very familiar with mortgages, so please explain it thoroughly. Thanks for your help. (I just don't like not knowing what they are talking about on the news and was wondering if it would effect any people I know who have mortgages.)

I heard that Federal lowered mortgage interest rate by 0.5% who are qualified for this benefit? I heard a news about Federal goverment lowered mortgage rate by 0.5%, is it true? Who is qualified for this benefit? We get our loan from a mortgage company.

Why can't news stations report on something besides mortgages, gas prices and the presidental race? Its feels like I'm in the twilight zone. Everytime I put on the news its nothing but the same thing!!!! Is it just that news stations are just lazy and can't report on something else or it is that the American public has a short attention problem and hence that why the news keeps talking about the same thing over and over? There are other things out there besides mortgages, gas prices and the presidental race, you know?!!? There is an entire WORLD OUT THERE!!!!!!!! Why can't news stations report on something besides mortgages, gas prices and the presidental race?

How can we lower our mortgage rate? Hi, I'm wondering what are the options to lowering our mortgage rate. We currently have about a 300,000 dollar loan for our house. However, we have them on two different loans; they're at 10% and 7% interest. I was wondering what steps we can take to lower these rates. With the economy recessing, it's becoming harder and harder to pay these bills. I have heard in the news that we can have our mortgage rates lowered up to 5%? Please, if there's anything we can do, please inform us. Thanks for your help.

Why does the news seem to affect the stock market more now than in the past? When bad news hits, the market drops significantly. We already know about the mortgage problems, that the banks are hurting and so forth, yet when this is on the headlines, people panic. What's the deal?

Mortgage Finance Experts: How will the market affect homeowners who will be refinancing next year? My parents bought their home 4 years ago at a 4% rate, which is due to change next year when their loan rate. With the market crunch and the new strict lending that's bound to occur as a result of this, they are worried about what refinancing has in store for them. The good news is that they have flawless credit (they successfully removed their PMI, and they are early every month on their mortgage payments ---and they pay an extra couple of hundred dollars than they should. Not to mention their credit card debt is very low (only a couple of thousand dollars). They've both been at their great paying jobs for over a decade; but they are still worried about whether they will be able to secure a decent fixed rate when their mandatory refinance is up. Any hope?

Why do businesses like home mortgage(CountryWide) lead money to people who can not pay it back? From the news media, there are a lot of home foreclosures from mortgage companies such as Countrywide. The employees who write these loans have business degrees and experience in home mortgages yet they go ahead and create and approve loans that can't be repaid! Can anyone explain to me why would any business do something like this?

What happens to my mortgage if Countrywide goes into bankruptcy? I read in the news that shares fell, and company could declare bankrupcy..would my mortgage(s) be affected as far as terms/rates? I read this on latimes/cnn/thestreet.com

Southern California residents who work for a mortgage company? I would like to asked for those who live in Southern California especially the Orange County and Los Angeles area who work for a mortgage company if they noticed an increased of laid offs lately? I work for a Mortgage Company but for a Home Insurance department and i heard from my other friends who work for other mortgage company about a major down sizing. I also heard from the news that more than 40% of people has already been fired from their mortgage company. I was wondering if any of you guys heard about this?

Can someone sue a bank for giving a mortgage that the person cant afford? My mother was given a mortgage witch is almost the same amount of her income is per year.Leaving her with a few thousand dollars a year to live on after she pays her mortgage payments.Can she sue the bank? I thought I've seen an article in yahoo news about this happening recently.

What caused the spike in mortgage interest rates starting May 29th of this year resulting in a 6 month high? Look at any trend chart, and you'll see a definate spike resulting in a nearly 3/4% increase in a week! Any idea what caused this? According to the morning news, yesterday's meeting by the fed decided to leave rates at an all time low. So... if the fed's rates are at an all time low, why are mortgage rates up? For that matter, what causes them to change?

What would happen to my mortgage if anything went seriously wrong with Northern Rock? Whilst i dont think it will, and i have listened to the news which states that some of the stories surrounding NR are exaggerated to the max it did get me wondering what would happen if NR or any other bank went into liquidity. Would i simply have to continue paying my mortgage to another organisation?

The media publishes a lot of news stories about the mortgage crisis and Britney Spears. Is that a rant? What's the difference (in your lay person's view) between the media's regular attention to the mortgage crisis, James Joyce's 10 year long research and writing of his book, Ulysses, and an unhealthy interest? James Joyce was apparently a poor husband and father while he was working on his novel, Ulysses, but not that many teachers accuse his interest in novel writing as an unhealthy obsession. The media follow around Britney Spears and take pictures of her all the time, but few people publicly complain. Is there something different between these healthy, well-paid, well reviewed obsessions and an unhealthy obsession? Some newspaper journalist will win a Pulitzer for obsessively dissecting the mortgage crisis, so why is that an esteemable obsession?

Can I sue my bank for not lowering my mortgage repayments in line with interest rate drops? Today the Bank Of England are deciding what to do with interest rates again. From news reports I hear that it may remain unchanged. However, in the last year there have been plenty of interest rate cuts. What concerns me, is that my mortgage provider is not cutting my mortgage rate by the same amount? Sometimes not at all. I am hearing more and more complaints about this, and think something should be done to prevent the banks using another way to rip us off. This is surely unlawful?

Foreclosing on rented houses - Should the renters have the option to take over the mortgage? Theres been a lot of news lately about home foreclosures. It appears one of the big problems is that landlords are having their properties foreclosed, but not notifying the renters, who are paying on time. Should we push to the banks that the renters, if they wish and are paying their rent, should be able to take over the mortgage?

What about more mortgage bankster bailouts and Friedman's resignation? Except for "lucky" Goldman Sachs, the numbers just prove billions in taxpayer debt has been sacrificed for mortgage bankster folly, covering their gambling disease -- mysterious "toxic assets." This house of cards marks the death of innocense and the so-called "American Dream." What we have here is a failure to communicate, but what else is to be expected with the mainstream "news" media.

What states have license requirements for mortgage brokers offering mortgage loan modification services? I am trying to find out if real estate professionals offering to help homeowners with mortgage loan modifications have to be licensed or otherwise regulated by government requirements? Do they really provide the same services provided for free from the government (saw this on tv news show tonight)?.

Is it immoral for a bankruptcy judge to adjust a mortgage? Conservative pundits say the big 3 auto makers need to go into bankruptcy so a judge can get them off the hook for their labor contracts but in the same show say that there is a moral hazard in letting a bankruptcy judge jigger some ones mortgage. These seem contradictory to me yet I hear the same contradictory positions on news and cometary shows once the dude offered both views in a span of less than five minutes. These are contrary views are they not?

I am looking to buy a home, is now a good or bad time with all the mortgage problems we hear on the news.?

How will the Fed's rate cut affect my mortgage rate? I have been pre-approved for a mortgage through my credit union. The loan is a 5-year ARM for 80% of the value, and a 5-year Balloon for 17% of the value, and I am putting 3% down on the house. I am set to close 1 week from today. I have a loan commitment from the lender. I read in the news today that the FED is considering curring interest rates for the money that banks borrow, (which to my understanding is how they set thier interest rates??) by .25 to .50 %. If they do cut rates, would that affect a credit union? Should it lower the rate that I am being offered for my home loan? Would I be foolish to ask my lender (credit union) if my rate goes down? What are your thoughts? Thanks!

Why does Bank or England base rate effect my mortgage rate when the BOE does not lend money to banks? Following recent news, I discovered that the Bank of England lends money only as the "lender of last resort". If the BOE does not reguarly lend money to banks (i.e. my mortgage is not underwritten by BOE loans) why does BOE base rate have a direct effect on my mortgage?

Are property taxes and home insurance included as part of mortgage debt? NBC News said last night that debt should not exceed 38% of take home pay. Are property taxes and home insurance included as part of mortgage debt?

If fed cut rates, would mortgage rates also go down? I know the mortgage rates is correlated to the 10 yrs note rate. But what about when u hear about fed cutting rates. Does that also affect the mortgage rates? I heard on the news that the fed will cut more rates because of a fear in recession. So if fed cut rates, would mortgage rates also go down? What else affect mortgage rates beside the things I mention above?

Should I lock my variable mortgage with RBC? I have a variable mortgage with RBC Bank. I heard news that interest rate will be going up starring next year. So I was wondering if I should lock my interest rate. Also if I lock my variable mortgage will the monthly payment stay the same? Because with variable mortgage my monthly payment is always the same. If I lock it will it act as other mortgage where the monthly payment will be different each month.

Where can I find a list of mortgage companies the FBI is looking into??? I read on the news that the FBI is looking into mortgage lenders, 14 to be exact. Where can I find which ones they're looking into? Also will that help people who have gotten notices of foreclosure, but the house hasn't been taken yet?

What happens in a second mortgage foreclosure.? A house is being foreclosed and posted in the news paper. I did a title search and the current foreclosure is for the second mortgage. Does anyone now what happens to the first loan. If I bid and won would I get the house. I was under the impression only the first lender had the right to sell the house to secure their money and the second lender was left to fend for themselves / take it up personally with the borrower. I am confused as to why the foreclosure of the second mortgage is in the paper. Thanks for any help.

Who do I contact about mortgage fraud? I have seen on the news they had a crack down on mortgage fraud. Who would I contact about it.

Would you go for a 3 or 5 year fixed term mortgage? I heard on the news that in the UK, it was best to take out a 5 year fixed term mortgage, as the interest rates will go up and 5 years will protect you to an extent. However I have been offered a good deal on a 3 year fixed term. Any suggestions?

What happens to my mortgage if my lender files for bankruptcy? There seem to be issues for Countrywide Home Loans and the "B" word seems to be surfacing in some news items and discussions. If something were to happen such as a lender going bankrupt, what happens to the mortgages? Would mortgages be sold off to other lenders and terms remain the same, effectively making the occurance transparent to mortgagees? Or are there risks to the mortgagees? And for what it's worth, whether or not Countrywide is at a real risk of bankruptcy or not, I'm just wondering in general what it means if such an occurance takes place. http://biz.yahoo.com/ap/070816/wall_street.html?.v=6

News stated 1 in 4 people are behind in mortgage payments.....? I guess Obama takes all these vacations to think huh? Poor guy.

Will mortgage rates go down again into the 4's in the next couple of weeks? The news that company's slowing on laying people off drove up mortgage rates. It seems like that was a needle of good news in a haystack of bad news.

Iam eagerly waiting on a answer from my loan officer is no news good news? Im in the process of purchasing a home. I put a contract on the house had the home inspection and I am waiting on a approval from the mortgage company. I am waiting on a answer from the loan company and I have been waiting for about week and a half now. Is no news good news until the closing or what? Help

Why does McCain want us tax payers to fund his new mortgage plan? Didn’t we already spend $700 billion. Oh, and this is in addition to also funding his health insurance ‘plan’ http://money.cnn.com/2008/10/08/news/economy/McCain_mortgage_plan/index.htm?cnn=yes

Federal Reserve's ability to affect availability of Mortgage Funds ? Based on what you have read in the textbook, heard on the news, researched on the internet or read in various publications, how much influence does the Fed have over long term mortgage rates? If yes, why and how and if no, why not and what does influence mortgage rates. Cite your sources.

What was the most under reported News story of 2009? The fact that the true causes of the sub-prime mortgage meltdown, pointed directly to the Democratic Party was buried in the media is one I can think of. What political news do you remember that was under reported? Lisa Marie - They kept that one quiet lol, I never heard about that. Americal 70 - U.S. Senate committee report that hundreds of top scientists have testified they believe claims of man-caused global warming are fraudulent

Should Dodd resign they just said on the news? Some guy at the mortgage company said he knew he was getting a special deal. You'll hear all about it tonight when you watch the news. Never could stand the sight of that guy. Way too much hair like Ted. That's the sign of a real alchy you know.

what is the latest status of freezing ARM mortgage rates? I had heard a few weeks ago that the government was trying to implement a program to temporarily freeze adjusting mortgage rates to help home owners from potential foreclosures. Any news on that, and what is the process to apply for this freeze if applicable

What is a high risk mortgage? I'm hearing a lot in the news lately about "high risk mortgages". I was wondering what they are, exactly? What constitutes as a high risk mortgage? Not being able to make payments every month? Or credit scores?

Is it really possible to pay off my 30-year fixed rate mortgage in 5-7 years? I saw a so-called expert on a news broadcast this morning who said people in Australia and Europe have discovered a way to leverage their debt and finances in order to pay off their home mortgages at a faster rate without changing their monthly payments. How is this possible? It was quickly suggested that a Home Equity Line of Credit (HELOC) was the secret, but what does getting more debt have to do with eliminating debt?

What is Obama going to change in the mortgage and banking areas? I am just kinda confused. I was having a discussion with some people and want some smarter outside opinions and the mainstream news is definitely not the best source... From what i understand he is planning on tightening down on government regulation of certain industries including banks and/or lenders?...whats going to happen with that?

Why are more Americans failing to keep up with their home mortgage payments? Can anyone explain in simple tearms what is happening? I am in the process of buying a home, and all this news is quite worrisome.

How much has your mortgage gone done since the recent interest rate cuts? Mine has gone down by £277 a month but I am overpaying while I can to make the most of it. First bit of good news this year! Thankss Minki I am not usually that sensible! But it feels really good to be doing something useful with the money! Does making overpayments make a significant difference to your mortgage balance? Oops!!! I meant gone DOWN!

What knid of business is Saxon Mortgage? And are they secure to handle my refinance? Good or not company to do business with? Most recent news of what they are doing in these trouble times now.

I currently have an adjustable rate mortgage loan and would like to set a fixed rate ? I have heard on the news that we can petition our lender for a fixed rate. They also gave a phone number to a place called, Homeowners Unity Foundation whom I talked to, and they say they charge $2500.00 to help you because they work with lawyers that help the process move faster. But they do not guarantee results. Can anyone give me some insight or suggestions?

How can I get a eyewitness news channel to cover a story for my parents? Would anybody know how to go about it? Fake Mortgage Company and so fort....

Why does Jesse Jackson say that the mortgage crisis is a specific issue for the black community? Source: Yahoo News: Jackson said at a news conference Wednesday that he had said Obama's speeches can come off as speaking down to black people and that there were other important issues to be addressed in the community, such as unemployment, the mortgage crisis and the number of blacks in prison.

How much mortgage can i afford? I earn about $34,000 per year and have absolutely no debt - university, credit card and car are fully paid for. The bad news is that I am in a dead end union job which will never pay me more than the above salary.

Is it true there are tent city's springing up across America because of the mortgage crises and credit crunch? I have seen this on Sky news, but they tend to exaggerate. They are saying that thousands of people who have lost their houses, have been forced to live in tents outside of city's such as L.A, Seattle and Reno. Would Bush be better off using some of the money he is giving to the bastards who caused this problem in the first place, to house these unfortunate people instead.

PLZ Explain to me What recession means! & the Mortgage crisis? I keep listening to the news and they keep talking about recession cuz of the Mortgage Crisis. Can you guys please explain what a recession is? Plz explain without using Economy terms such as GDP and that cuz I still don't understand those economy class terms... 1. What is a Recession? (as easy as you can describe it) 2. What happens during a recession? 3. Who is affected and what are the bummers? When was the last time we had a recession? Why are people soo stupid as in to confuse Recession & Depression?

What are the economic consequences if the american people don't bail out these large banks and mortgage firms? What would happen. Obviously some of these firms would go bankrupt and be forced to disband, but what is the big picture if these companies go under. If any one has some decent articles they could link that would be great. It seems like the news is just spinning its tires and not really giving any details about what the consequences will be

American mortgage market and English Building society? On the BBC news today and American who had not been able to pay his mortgage was interviewed. He was sitting in the house which he can't afford to pay for. Why hasn't his home been repossessed? In the UK if you can't pay your mortgage your home is repossessed and sold to repay the loan. The house is security for the loan. If this had happened there would be no crisis in the money markets, and our building society deposits would be safe in the UK. Americans... Is this an isolated case, or do you have different rules in America to the UK? Nick C. In that case surely this is just a short term cash flow problem. Once the properties are repossessed and sold, the money will be available. People with deposits in the Northern Rock should now rest easy, but this problem is not limited to banks. All financial institutions are suffering from the lack of money on the money market. Building societies and banks alike. That is why the treasury has come in with this guarantee for the Northern Rock. They don't want the panic to spread to other banks and building societies. Larry - I wasn't asking for someone to post an advert. I think you'll find that it isn't allowed on yahoo answers!

Is the worldwide stockmarket crash good or bad news for me? Obviously lots of investors will have lost heavily over the last few days with the fall in worldwide stocks. I know it's a bit selfish but how will it affect ME? I have a safe job with little risk of redundancy, no savings or investments, a moderate sized variable rate mortgage, NHS pension and travel abroad frequently. Will things get cheaper or more expensive? What will happen to exchange rates? Will it push house prices up or down? I'm not looking for an economics lesson, just wondering what it means to the average person....