New York Mortgage Rates and Information Online from competing Lenders

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Financial News
Senate on course to vote Saturday on housing bill - Reuters
WASHINGTON (Reuters) - The Senate was on course for a Saturday vote to approve a major housing market rescue bill with a lifeline for Fannie Mae and Freddie Mac and bond market action on Thursday indicated investors in the two mortgage finance giants ...

Fannie Mae - Chicago Tribune
NEW YORK (AP) _ Wall Street abruptly ended an earnings-driven rally and closed sharply lower Thursday after a steeper-than-expected decline in existing home sales and worries about the financial sector chilled the market's recent optimism. The major ...

Oil tries to advance after Wednesday's big drop - Seattle Post Intelligencer
Traders work in the oil futures pit at the New York Mercantile Exchange in New York, Thursday, July 24, 2008. Oil market investors tried but failed to start a rally in crude Thursday, leaving prices hovering below $125 a barrel after an earlier move ...

Mortgage rates hit highest level in year - Nashua Telegraph
Mortgage rates took a big jump this week, to their highest point in a year. There's no single explanation for the rise. The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77 percent, according to the Bankrate.com national survey of ...

US Senate on course to vote Sat. on housing bill - Guardian Unlimited
With Congress hoping that its measure would restore some economic stability, a survey released on Thursday by Freddie Mac reported that U.S. mortgage rates spiked upward this week amid fears of rising inflation, housing market weakness and possible ...

Fannie's new watchdog: All bark? - CNN Money
NEW YORK (Fortune) -- Backers of the housing rescue bill have been trying to reassure skeptics in Congress by pointing to the bill's creation of a new world-class regulator for Fannie Mae and Freddie Mac. But opponents doubt any watchdog will have ...

US mortgage rates increase again - BBC Business
The cost of taking out a mortgage in the US has climbed again due to fears over the fate of two huge lenders, according to The New York Times. The interest rate on an average 30-year fixed rate mortgage rose to 6.71% from 6.44% on Friday, HSH ...

PRESS DIGEST - New York Times business news - July 23 - Reuters
July 23 (Reuters) - The following were the top stories in the New York Times business pages on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy. * Mortgage rates are rising because of the troubles at the loan ...

Global stocks slide on economic news - Reuters UK
NEW YORK (Reuters) - U.S. stocks fell sharply on Thursday, pulled down by a plunge in banking shares, as disappointing economic news snapped optimism that had been growing from last week and renewed a safe-haven bid for bonds. A drop in sales of ...

2.2 million vacant homes for sale - CNN Money
NEW YORK (CNNMoney.com) -- The percentage of vacant homes available for sale remained relatively flat in the second quarter, but still hovered in record territory. Some 2.8% of homes, excluding rental properties, were empty and on the market from ...

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Today's Mortgage Terms starting with U

  • Underwriting: It is the process of quantifying the risks involved in a specific loan and setting suitable terms and conditions for a mortgage.
  • URLA: Uniform residential loan application.
  • Usury: Interest charged in excess of the legal rate as established by law.
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