U.S. mortgage applications fell for the first time in four weeks even as interest rates dropped to a six-month low, an industry trade group said on Wednesday, offering more evidence the country's housing market slump is deepening.
Mortgage approvals rose by just three percent in August from a year ago to 71,278, British Bankers' Association data shows
Buyers in the $565 billion market for so-called sub-prime mortgage bonds are clamoring for the high-yield securities, even though experts increasingly warn that pricing has reached irrational levels.
Over a third of homeowners expect to have to work into retirement just to pay off their mortgage, according to a survey.
August saw $12.7 billion new mortgage loans approved, up 30.6% on July, while new loans drawn down fell 19.1%, to $8.4 billion, the Monetary Authority says.
The mortgage war between HK's banks are becoming more and more furious with some measures taken by three main lender - Hang Seng, Standard Chartered and BEA......
Mortgage rates remained unchanged following the Federal Open Market Committee's decision to hold interest rates steady for a second straight month. The average 30-year fixed mortgage rate remains 6.44 percent.
The equity release market could treble in the next five years, according to the largest player in the sector.
They are jumping ship or receiving the pink slip. America's real estate agents and mortgage lenders, that is.
First time homebuyers are stretching their finances more than ever before to get a foot on the property ladder, a survey shows.
Hundreds of thousands of homeowners missed mortgage payments last year, with young borrowers most at risk, a charity survey said on Wednesday.
U.S. mortgage lending data show sharp growth in the use of higher-priced non-prime mortgages for home purchases in 2005 over 2004, and even steeper gains in the incidence of such loans among blacks and Hispanics, a Federal Reserve study showed on Friday.
The U.S. housing slowdown may threaten the biggest providers of loans, not just those catering to subprime borrowers.
U.S. mortgage applications rose for a third straight week as homeowners with adjustable loans took advantage of falling interest rates, data from the industry's main trade group showed on Wednesday.
U.S. mortgage applications rose for the first time in four weeks as long-term home loan interest rates plunged to their lowest levels since March, data from the industry's main trade group showed on Wednesday.
U.S. mortgage applications last week sank to their lowest level in over four years, as home purchase loan demand tumbled for the third straight week, an industry trade group said on Wednesday.
U.S. mortgage applications rose for the first time in three weeks as interest rates on home loans fell from a four-year high during a week when the Federal Reserve raised borrowing costs, an industry trade group said on Thursday.
H&R Block Inc. has no plans to break itself up or sell some businesses to private equity firms to improve the company's value to shareholders, Chief Financial Officer William Trubeck said on Wednesday.
If you used an interest-only or so-called option mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times.
If you used an interest-only or so-called option mortgage to stretch into an unaffordable house in the last year or two, you could be facing some dark times.
Do you think your house is your retirement nest egg? Think again, say some financial advisers.
