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IMPORTANT: Bing News RSS feed has moved!Adjustable rate mortgages were mixed, with the average 3-year ARM sliding to 3.45 percent and the 10-year ARM climbing to 3.81 percent. Mortgage rates continue to jog in place, having been essentially unchanged throughout the month of ... Read moreBankrate: Mortgage Rates Inch HigherAdjustable rate mortgages rose, with the average 3-year ARM climbing to 3.50 percent and the 5-year ARM rising to 3.20 percent. The mortgage world tends to slow down during the holiday season, but that hasn't been the case this year. While many ... Read moreBankrate: Mortgage Rates a Mixed BagAdjustable rate mortgages were mostly lower, with the average 5-year ARM sliding to 3.18 percent and the 10-year ARM inching down to 3.8 percent. Mortgage rates are low, but based on the ultra-low levels of benchmark interest rates such as 10-year ... Read moreBankrate: Jumbo Mortgage Rates Hit New Record LowThe European Union was criticized for making 5 billion euros ($6.7 billion) of fossil-fuel loans through its financial arm, while pushing for a carbon-dioxide emission-cutting policy across the 27-member bloc. The European Investment Bank ... Read moreEurope’s Climate Action Criticized Over EIB Fossil-Fuel LoansWe’ve asked Jeff Lazerson, of Mortgage Grader in Laguna Niguel, to give us his weekly take … NEWS SUMMARY: From Freddie Mac’s weekly survey the average 5-year ARM reached another new record low coming in at 2.90 percent and .6 point. Read moreAdjustable mortgage rates down to 2.9%Dec 2 (Reuters) - GMAC Mortgage, the mortgage arm of Ally Financial Inc, said on Friday it will stop buying new mortgage loans in Massachusetts that were made by other correspondent lenders and wholesale brokers. GMAC said it will honor all ... Read moreUPDATE 5-GMAC to stop some mortgage loans in MassachusettsThis product is exclusive and has extremely competitive low fixed rates in the mid 4s along with multiple ARM options if the borrowers choose. "Investors have been slow to embrace the return of jumbo loans over the past year as a result of the ... Read moreUnited Wholesale Mortgage Rolls Out Jumbo Loan Product up to $2.5 MillionMath Behind It: For a $300k house, leave 20% down, and take out a mortgage of $240k. You can obtain a 5yr ARM at ~2.90% right now. The P&I on this 240k loan works out to almost exactly $1,000 per month. *Note: I am excluding property taxes, homeowners ... Read moreThe Fallacy That Debt Is Evil And A 22% ROE Investment IdeaThe key adjustable rate mortgage, the 5-year ARM in Idaho, has decreased since the beginning of the year from 3.82% on Jan. 7 to the current week's average of 2.84%, a drop of 98 basis points. Since our last report, rates have increased 6 basis points. Read moreFor additional information, please see:
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