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Jumbo mortgage loan rates put damper on refinancing (Boston Globe)
While plunging mortgage rates have spawned a frenzy of refinancing, borrowers with larger, so-called jumbo loans are still seeing interest rates in the 7 percent range, prompting many to abandon refinancing plans altogether or resort to creative transactions.
Non-Agency Mortgage Bonds Rallied as Rates Declined (Update2) (Bloomberg)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as efforts by the Federal Reserve and Treasury Department to lower home-loan rates boosted investor demand.
Q: Why have mortgage rates been down lately? (Louisville Courier-Journal)
A: Rates have been lower since late November, when the Fed announced it would buy mortgage-backed securities. The Fed started making purchases yesterday.
Report: Ga. mortgage rates among lowest (BizJournals)
Georgia had the second-lowest 30-year fixed mortgage rates last week, according to real estate Web site Zillow.com
Low Mortgage Interest Rates (12 FOX Mankato)
As the economy has slowed, mortgage interest rates have fallen to their low read more
Mortgage Rates At 37- Year Low (WHIZ News Zanesville)
Mortgage rates have hit a 37 year low, which could mean good news for those looking to buy a home or refinance. Mortgage rates have been falling for nine straight weeks, putting 30 year fixed rates at 5.10%. So is now the best time to refinance?
Falling mortgage rates draw interest from local homeowners (Las Cruces Sun-News)
LAS CRUCES — For three consecutive weeks, rates on 30-year mortgages have fallen to record lows and people across the nation are taking advantage. Last week the Mortgage Bankers Association reported mortgage applications were at the highest level in more than five years.
Sauro Sees Mortgage Rates Falling on Fed Debt Purchase (PRWeb via Yahoo! News)
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.
Non-Agency Mortgage Bonds Rallied as Rates Declined (Update1) (Bloomberg)
Jan. 5 (Bloomberg) -- U.S. mortgage bonds without government support rose last month, as lower home-loan rates boosted investor demand. Securities initially rated AAA and backed by prime- jumbo mortgages with five years of fixed rates climbed 5 cents on the dollar in December to 75 cents, according to JPMorgan Chase & Co. data.
Mortgage rates rock (Santa Fe New Mexican)
Santa Fe mortgage brokers and bankers are experiencing a rush of mortgage applications as borrowers react to lower rates by refinancing mortgages and, to a lesser degree, buying new homes.
