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News about Mortgages:
New low mortgage rates out of reach - The Washington TimesA 30-year, $350,000 mortgage bearing a fixed rate of 5.25 percent instead of 6.5 percent would save a borrower $280 per month. A half-percentage-point reduction to 5.5 percent would yield a monthly savings of $111. "Many people have been sitting on ...
Developers eye vacant Newport school for arts center - Newport Daily NewsA Newport developer is interested in acquiring the abandoned Sheffield School on Broadway and turning it into an arts center. (Jacqueline Marque/Daily News staff) The Newport couple that is converting Lenthal School on Spring Street into upscale ...
Developers suggest turning Sheffield into arts center - East BayNEWPORT — A developer with eyes on the vacant Sheffield School is asking residents for their input on a proposal to convert the former elementary school into a community hub for artists, musicians and local non-profits. The concept is ...
Developers take off gloves in shrinking retail market - Business CourierMark Fallon, vice president at Jeffrey R. Anderson Real Estate, said his company is considering adding leasing back to its list of services to help boost revenues during the down economy. During a recent gathering of retail developers at the Newport ...
Home prices in record plunge - Denver PostNov 27: Black Friday's power fading Analyst: Retail season is over Nov 25: State's oil and gas firms cut back Nov 20: Deductibles take bigger bite High-end home sellers turn to leasing Nov 19: Automakers justify asking Congress for a financial fill ...
US home construction sinks to new record low - Associated PressWASHINGTON (AP) -- Construction of new homes plunged last month to the lowest level on records going back nearly 50 years as U.S. builders slashed production while Wall Street nosedived. Embattled homebuilders, who enjoyed a five-year boom, are now ...
Kennewick renter charged with arson - Tri-City HeraldA Kennewick renter who withdrew his homeowner's insurance claim after learning investigators suspected him of setting a recent blaze was charged Wednesday with arson. Joseph G. Martin, 42, is scheduled to appear next Wednesday in Benton County ...
Week in Review - Sunday, Nov 30 - Delaware OnlineBob Terczak started praying before his wife hit the ground. WASHINGTON -- When the government took over mortgage giants Fannie Mae and Freddie Mac, taxpayers inherited more than just bad debts. They're also potentially on the hook for tens of ...
Bill Gross Says Stocks Aren’t as Cheap as They Appear (Update1) - BloombergDec. 2 (Bloomberg) -- Bill Gross , manager of the world’s biggest bond fund, said stocks aren’t as cheap as they appear given that the era of deregulation, low borrowing costs and tax cuts is over. “Stocks are cheap when valued within the ...
Irish Times is open again - Worcester Telegram & GazetteWORCESTER— The Irish Times pub, closed since last month after the building that it and an upstairs nightclub are housed in was foreclosed upon, reopened last night under new ownership. Perry Boudreau of Framingham, who submitted the sole bid of ...

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Today's Mortgage Terms starting with O
Origination Fee: Fee charged by a lender for administrative costs of processing a loan. It tends to includes the cost of preparing loan documents, checking the borrower's credit history, inspecting the property and might incorporate the cost of appraisal.
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