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Mortgage rates increase slightly; hover at 5 percent The average interest rate for a 30-year fixed-rate mortgage rose slightly last week, but still stayed close to 5 percent, according to real estate Web site Zillow.com For the week ended Jan. 4, the a... Big News NetworkGa. mortgage rates among lowest Georgia had the second-lowest 30-year fixed mortgage rates last week, according to real estate Web site Zillow.com For the week ended Jan. 4, rates on 30-year fixed mortgages were lowest in Arizona (... Big News NetworkWhy have mortgage rates been down lately A: Rates have been lower since late November, when the Fed announced it would buy mortgage-backed securities. The Fed started making purchases yesterday. Rates have fallen because with an active buyer... Big News NetworkCoventry launches 4.99% fixed rate mortgage Coventry Building Society yesterday launched a new range of mortgage products.Among the products released was a two year fixed-rate mortgage at 4.99%, available at 85% loan to value. A free valuation and remortgage transfer service are included in the deal.Offset products have also been updated to include a two year 4.49% fixed rate, or [...] Finance MarketsStudy: California Earthquake Would Accelerate US Mortgage Meltdown In light of current economic conditions, a major catastrophe such as an earthquake in California would bring new misery to both U.S. and international financiers, according to an analysis released ... Insurancejournal.comBusiness highlights The Federal Reserve Bank of New York said Monday it has begun purchasing mortgage-backed securities in an effort to bolster the battered housing market. The Salt Lake TribuneFile 2007 Taxes - You Can Deduct Mortgage Insurance Premium Deductions If you are a homeowner and bought a house in 2007, you can deduct PMI (Private Mortgage Insurance) on your 2007 tax return. The Internal Revenue Service has added a line on Form 1098 that you received from your mortgage lender that shows how much mortgage insurance you paid in 2007. ezinearticles.comShift to larger deposits hampers housing market recovery Financial data provider, Moneyfacts.co.uk, has published new figures showing that 25% of mortgages available in the UK to new borrowers require a deposit of at least 40%.Those who can only manage a deposit of 5% or less have a mere 21 home loans to choose from, compared with over 1,200 in February of last year. [...] TelegraphBuying their dream home From California to D.C., falling home prices and cheaper mortgage rates helped these families to become homeowners. CNN MoneySauro Sees Mortgage Rates Falling on Fed Debt Purchase John Sauro, President of North Atlantic Mortgage Corp., talks with Bloomberg's Rhonda Schaffler about the U.S. government's strategy to lower interest rates on mortgages. New York ( Big News Network1 2 |
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