AP – RECORD LOWS: Mortgage rates fell to the lowest levels in decades for the tenth time in 11 weeks, mortgage buyer Freddie Mac said Thursday. The average rate for a 30-year fixed loan was 4.32 percent. The 15-year fixed loan hit 3.83 percent.
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AP – Mortgage applications rose 2.7 percent last week as more borrowers took advantage of the lowest rates in decades to reduce their monthly loan payments.
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BusinessWeek – Students taking out federal student loans will be confronted with a bevy of changes when they visit their school’s financial aid office this fall. This spring, the U.S. Senate passed a student loan bill — the Student Aid & Fiscal Responsibility Act — that led to a major revamping of the federal student loan program, shifting everything from how students obtain their loans to the amount of aid doled out through such programs as the Pell Grant.
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BusinessWeek – Students taking out federal student loans will be confronted with a bevy of changes when they visit their school’s financial aid office this fall. This spring, the U.S. Senate passed a student loan bill — the Student Aid & Fiscal Responsibility Act — that led to a major revamping of the federal student loan program, shifting everything from how students obtain their loans to the amount of aid doled out through such programs as the Pell Grant.
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BusinessWeek – Students taking out federal student loans will be confronted with a bevy of changes when they visit their school’s financial aid office this fall. This spring, the U.S. Senate passed a student loan bill — the Student Aid & Fiscal Responsibility Act — that led to a major revamping of the federal student loan program, shifting everything from how students obtain their loans to the amount of aid doled out through such programs as the Pell Grant.
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AP – HOME LOAN APPLICATIONS UP: The number of borrowers applying for home loans last week grew by nearly 9 percent from the previous week, according to the Mortgage Bankers Association.
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Reuters – Refinancing drove total U.S. mortgage applications to an eight-month peak, as loan rates fell to or near record lows, but demand to buy homes sank toward 13-year lows last week, the Mortgage Bankers Association said on Wednesday.
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AP – Do the lowest mortgage rates since the mid-1950s mean it’s a good time to refinance your home loan?
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AP – Do the lowest mortgage rates since the mid-1950s mean it’s a good time to refinance your home loan?
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AP – Do the lowest mortgage rates since the mid-1950s mean it’s a good time to refinance your home loan?
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