NEWS AND INFORMATION

Project Lifeline New Mortgage Help Plan
With home prices falling, even some people with good credit have gotten behind on their payments. Like many subprime borrowers, they signed up for adjustable-rate mortgages that allowed them to make smaller, steady payments for several years until a higher fluctuating interest rate kicked in.
POSTED: 02-12-2008

Mortgage rates at lowest level in 2 years
Freddie Mac said rates on 15-year fixed-rate loans averaged 5.73 percent, down from 5.83 percent last week. A year ago, the 15-year FRM averaged 5.87 percent. The 15-year rate has not been lower since the week ending January 26, 2006, when it averaged 5.70 percent. The 30-year rate has not been lower since the week ending Oct. 13, 2005, when it averaged 6.03 percent, Freddie Mac said
POSTED: 12-04-2007

Mortgage applications are on the rise
The average interest rate for 30-year fixed-rate mortgages decreased to 5.82 percent from 6.09 percent a week earlier. The average interest rate for one-year adjustable-rate mortgages increased to 6.28 percent from 6.24 percent the previous week.
POSTED: 12-04-2007

Frozen Interest Rates - Better then nothing
The freezes would apply only for borrowers who are current on mortgage payments but unable to afford loans when they adjust to higher interest rates — and sometimes dramatically higher monthly payments. The Federal Deposit Insurance Corp. estimates that 1.1 million borrowers are in that situation.
POSTED: 12-03-2007

Bush Bails Out Mortgage Foreclosures
Offering federal help for strapped mortgage holders, President Bush is proposing to aid hundreds of thousands of borrowers hard hit by the housing slump.
POSTED: 08-31-2007

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