07/03/13 Comprehensive Real-Time News Feed for Mortgage

• CMHC sees hikes in prices and sales for single-family homes _{2013-07-02, 03:00 am}
  The average sale price for a single family home will be $258,000 for this year, Canada Mortgage and Housing Corporation is predicting in its second quarter housing market outlook, a 2.4 per cent increase over last year.
• Man honors brother's dying wish with $500 tips _{2013-07-03, 10:44 pm}
  ... In the video library you'll also find tips on 401k plans, Treasurys, oil and gold prices, interest rates, the mortgage market, the Federal Reserve, growth and value stocks, and a variety of other topics. For more advice on investing and for news on ...
• U.S. rate on 30-year mortgage falls to 4.29 percent _{2013-07-03, 10:32 pm}
  ... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. Mortgage rates jumped last week ...
• Soaring mortgage rates could fuel home buying in short term, slow housing recovery in long term_{2013-07-03, 10:28 pm}
  A consumer who takes out a $170,000 mortgage today will have a monthly payment that's $100 higher than it would have been when interest rates were lower two months ago.
• 50 years in, ZIP codes an open-source treasure trove _{2013-07-03, 10:21 pm}
  ... way to measure all sorts of socioeconomic and health numbers." Banks and insurers now use ZIP codes to analyze mortgage risk and set premiums, real estate firms use them to organize listings, and retailers use them to decide where to build new ...
• Business Highlights _{2013-07-03, 10:21 pm}
  ... 4.46 percent last week, the highest in two years and a full point more than a month ago. The average on the 15-year mortgage fell to 3.39 percent, down from 3.50 percent last week - the highest since August 2011. NEW YORK (AP) - The New York ...
• Job uncertainties lead to rise in public school enrolment _{2013-07-03, 10:18 pm}
  ... "That's the sort of discretionary spending that families will often forego in order to meet the basic costs of the mortgage and putting food on the table." Mr Bates says the recent downturn in the coal mining sector is one of the factors at play as ...
• Whyte has four weeks to save his castle from repossession _{2013-07-03, 10:13 pm}
  FORMER Rangers owner Craig Whyte has until the end of the month to pay his mortgage arrears before a bank repossesses his castle home.
• Can the University of Hawaii make millions off its research? _{2013-07-03, 10:12 pm}
  ... labs have attracted millions of dollars in federal and foundation grants. A percentage of that grant money pays the mortgage on the $22.5 million, LEED-certified, C-MORE Hale on the Manoa campus, and fills its labs with scientific equipment, such as ...
• 4 Financial Stock Stories Making News In the Short Trading Day _{2013-07-03, 10:11 pm}
  ... said Wells Fargo and JPMorgan Chase & Co. ( NYSE:JPM ) will report soon and could take a blow from the collapse in mortgage refinancing that began when the Federal Reserve implied it may soon slow down asset purchases. The Mortgage Bankers ...
• Oaks golf course closed; Pelican Point cutting 9 holes _{2013-07-03, 09:58 pm}
  ... the amount of its debt, $2.8 million. McDaniel said The Oaks' board met with American Gateway Bank, which holds the mortgage on the property. But those negotiations proved fruitless. The Oaks board plans to turn the property over to the bank later ...
• Wells Fargo plans Home Preservation Workshop _{2013-07-03, 09:47 pm}
  Wells Fargo & Company is hosting a free Home Preservation Workshop in Memphis for Wells Fargo Home Mortgage, Wells Fargo Financial, and Wells Fargo Home Equity customers facing financial hardships.
• Obama Credit Watchdog Snoops Personal Financial Data _{2013-07-03, 09:44 pm}
  Big Brother is watching you - in even more ways than previously known. It turns out the National Security Agency and Internal Revenue Service aren't the only federal agencies gathering sensitive information about you.
• Flag retirement ceremony planned in Long Beach on Friday _{2013-07-03, 09:42 pm}
  ... this time each year, when many think about buying a new flag in time for Fourth of July. The 51-year-old Smith, a mortgage broker, has partnered with the Bixby Knolls Business Improvement Association, Boy Scout Troop 29 and Cub Scout Pack 32 to ...
• Yancey's double run lures three to focus on his Council seat _{2013-07-03, 09:39 pm}
  ... Monteiro, 45, said. "I believe I'm ready." A Cape Verde native who came to the US at the age of 22, he works as a mortgage loan originator. "I want to represent my community," he said. "I'm running because I believe now is the right time to elect ...
• Mark Carney boosted again as UK's services growth storms ahead _{2013-07-03, 09:38 pm}
  ... members were voting for a rate rise." The Bank's latest credit conditions survey predicted "significant demand" for mortgage loans driven by Funding for Lending and the Government's Help to Buy scheme would continue for the next three months. Larger ...
• Susan Tompor: Rates on savings nowhere to go but up? _{2013-07-03, 09:27 pm}
  ... fill up an SUV's gas tank this summer on the interest you'd make on $10,000 saved in a typical one-year CD. While mortgage rates have edged upward, though, it could be quite some time before savers benefit from significantly higher rates. Many banks ...
• Mortgage rates retreat after last week's jump _{2013-07-03, 09:21 pm}
  A 30-year fixed-rate mortgage averaged 4.29 percent in the week ending July 3, down from 4.46 percent last week, according to Freddie Mac's weekly rate report A 15-year fix fell to 3.39 percent, down from 3.50 percent.
• Moore puts ordinance requiring storm shelters in homes on hold _{2013-07-03, 09:13 pm}
  ... How much the shelters will cost and how the community will respond to those costs are their biggest concerns, so mortgage expert Kelly Griggs calculated just how much it would be each year. He found that it could be as little as $14 a month. "Some ...
• Delaware Supreme Court weighs whether former Countrywide shareholders can pursue lawsuit_{2013-07-03, 09:05 pm}
  The Delaware Supreme Court is considering whether former shareholders of Countrywide Financial Corp. should be allowed to pursue a federal lawsuit filed against leaders of the former mortgage lending giant before it was acquired by Bank of America in a hastily arranged buyout in 2008.