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Mortgage rates spike upward in latest week - Reuters
WASHINGTON (Reuters) - U.S. 30- and 15-year mortgage rates spiked upward in the latest week amid fears of greater housing market weakness and expectations of higher interest rates going forward, according to a survey released on Thursday by home ...

Bush green-lights housing bill - CNN Money
NEW YORK (CNNMoney.com) -- President Bush dropped his threat Wednesday to veto a sweeping housing bill that will offer up to $300 billion in assistance to troubled homeowners and throw government support behind mortgage finance giants Fannie Mae and ...

Crude oil ends slide, gains $1.05 to $125.49 - Boston Globe
WASHINGTON - The US House defeated a Democratic proposal to substitute heavy crude oil for light petroleum in the Strategic Petroleum Reserve, after White House officials threatened a veto of the measure. The measure, at least the fourth energy bill ...

Mortgages rates see across-the-board increases - Alameda Times-Star
WASHINGTON — Mortgage rates shot up this week with 30-year mortgages climbing to the highest level in nearly a year, reflecting concerns in financial markets about the troubles at corporate giants Fannie Mae and Freddie Mac. Freddie Mac reported ...

Mortgage rates spike upward in latest week - Post Chronicle
WASHINGTON (Reuters) - U.S. 30- and 15-year mortgage rates spiked upward in the latest week amid fears of greater housing market weakness and expectations of higher interest rates going forward, according to a survey released on Thursday by home ...

Mortgage applications fall 6.2% - CNN Money
WASHINGTON (AP) -- Mortgage application volume declined 6.2% during the week ending July 18, according to the trade group Mortgage Bankers Association's weekly application survey. The MBA's application index declined to 489.6 during the week, from ...

US Senate on course to vote Sat. on housing bill - Forbes
WASHINGTON (Reuters) - The U.S. Senate was on course for a Saturday vote to approve a major housing market rescue bill with a lifeline for Fannie Mae (nyse: FNM - news - people ) and Freddie Mac (nyse: FRE - news - people ) and bond market action ...

Weekly unemployment claims jump 9.1% - Boston Globe
WASHINGTON - Two cornerstones of the economy - jobs and housing - sank to new depths, with unemployment claims bolting higher and home prices recording one of their steepest drops on record. The bleak reports yesterday underscored the self ...

Freddie Mac, Fannie Mae Financial Trouble Spurs Rise In Mortgage Loan ... - All Headline News
Washington, D.C. (AHN) - Freddie Mac and Fannie Mae's recent financial problems has spurred an increase in mortgage loan interest rates. Housing loan rates are about to reach their peak in five years as the average interest rate for 30-year fixed ...

Wash. state to revoke license of mortgage company - Forbes
Washington state plans to revoke the license of a California mortgage broker. The state Department of Financial Institutions said an investigation has found Sacramento-based Paramount Equity Mortgage Inc. engaged in deceptive lending practices. In a ...

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Today's Mortgage Terms starting with T

  • Term: The period of time in which a loan must be paid off.
  • Truth-In-Lending Act: Federal law demanding a full written disclosure of the credit terms of a mortgage incorporating a standard format.
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