MORTGAGE

Interest rates on U.S. 30-year fixed-rate mortgages fell below 5 percent on Friday, a significant psychological level that should help the hard-hit U.S. housing market to recover, according to real estate website Zillow.com.

U.S. mortgage foreclosure filings in August hovered near July's record high despite broad efforts to keep borrowers in their homes and will probably rise for another year, according to a report released on Thursday.

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration's housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.

U.S. mortgage applications surged last week to their highest since late May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday.

U.S. mortgage applications surged last week, with demand rising to its highest level since late-May as consumers sought to take advantage of the lowest interest rates in months, data from an industry group showed on Wednesday.

Tepid demand for mortgage refinancing slowed the early repayment of most U.S. bonds backed by home loans in August, with the spring rush having run its course and unlikely to resume without new record low mortgage rates.

Mortgage woes dominate the business page headlines of both the New York Times and Wall Street Journal today.

The U.S. Mortgage Bankers Association said on Wednesday it will ask Congress to transform mortgage lenders Fannie Mae, Freddie Mac into several smaller, privately held companies that would issue mortgage securities with a government guarantee.

The Internal Revenue Service plans to step up its reviews of taxpayers who take the mortgage interest deduction and target some for audit.

U.S. tax authorities may be forgoing $1.4 billion of revenue annually because they fail to thoroughly compare mortgage interest statements submitted by banks against individual tax returns, according to a government report released on Monday.

Property auctions are likely to heat up this fall as winter nears and foreclosure moratoriums expire.

U.S. Federal Reserve officials are thinking carefully about tapering off their purchases of mortgage debt to push the $1.45 trillion program into next year rather than end it on Dec. 31 as planned.

U.S. mortgage rates rose slightly in the latest week but still remained at historically low levels that should spur home loan demand and help the hard-hit U.S. housing market recover.

NEW YORK - Interest rates on U.S. 30-year fixed-rate mortgages rose 0.02 percentage point in the latest week, according to a survey released on Thursday by home funding company Freddie Mac (FRE.N).

How new rules meant to ensure the integrity of the appraisal process have infuriated appraisers and stymied sales from coast to coast.

According to published reports, the Internal Revenue Service is more closely examining how taxpayers are reporting mortgage interest deductions.

U.S. mortgage applications rose for a second straight week, with demand for home refinancing loans rising to its highest level since early June, data from an industry group showed on Wednesday.

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U.S. mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low, data from an industry group showed on Wednesday.

U.S. mortgage rates rose in the latest week as Treasury yields climbed, according to a survey released on Thursday, a move that may dampen home loan demand.