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Countrywide plan may cut mortgage rates for 395,000 borrowers

Oct. 24, 2008
Interest rates on some subprime and 'option ARM' loans will temporarily go as low as 2.5%. With calls growing for stronger action to help troubled homeowners, consumer advocates are hailing a mortgage-modification program being implemented by Bank of America Corp.'s Countrywide unit as the most...
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Mortgage rates drop again

WASHINGTON, Dec. 4 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell dramatically during the week, the Federal Home Loan Mortgage Corp. said Thursday.

Countrywide moves to ease mortgage terms

CALABASAS, Calif., Oct. 25 (UPI) -- A move by Countrywide Financial to modify mortgages for homeowners facing foreclosure should be a model for national legislation, consumer advocates say.

Countrywide buyout has little impact now

CALABASAS, Calif., Jan. 14 (UPI) -- Bank of America's planned purchase of troubled Countrywide Financial won't impact immediately U.S. consumers with Countrywide loans.

U.S. mortgage rates edge down

MCLEAN, Va., April 19 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage interest rate slipped to 6.17 percent from 6.22 percent, housing finance company Freddie Mac said Thursday.

U.S. mortgage rates fall slightly

MCLEAN, Va., Feb. 8 (UPI) -- Mortgage rates fell slightly in the past week to 6.28 percent from 6.34 percent for 30-year fixed-rate mortgages, Freddie Mac said Thursday.

U.S. mortgage rates off in last seven days

MCLEAN, Va., Nov. 22 (UPI) -- The average rate for a U.S. fixed rate mortgage fell to 6.18 percent from 6.24 percent in the last seven days, Freddie Mac said Wednesday.

U.S. mortgage rates in flux

NEW YORK, Oct. 5 (UPI) -- U.S. mortgage rates last week were mixed, with fixed rates rising while adjustable rates pulled back. The average 30-year fixed mortgage rate ticked higher to 6.31 percent, but remains at levels not seen since March, Bankrate.com said Thursday.

U.S. mortgage rates keep falling

NEW YORK, Sept. 28 (UPI) -- U.S. mortgage rates fell sharply on the heels of soft economic data, one week after the Federal Open Market Committee left interest rates unchanged.

Refinancing follows falling mortgage rates

DALLAS, Sept. 25 (UPI) -- Falling U.S. mortgage rates are giving homeowners who financed residences with exotic loans a chance to refinance, an industry group says.

ARM borrowers playing interest roulette

NEW YORK, Sept. 23 (UPI) -- U.S. homeowners who opted for adjustable-rate mortgages face a tough choice: Play interest rate roulette or refinance for a higher-rate fixed mortgage.

Bond market is hammering yields

NEW YORK, Sept. 21 (UPI) -- Bond traders have apparently decided that the U.S. central bank is finished raising interest rates, Bankrate.com said Thursday. "Since the Federal Reserve's rate-setting committee last raised interest rates in June, fixed mortgage rates have declined near

U.S. mortgage rates slip a tad

MCLEAN, Va., Sept. 14 (UPI) -- The average U.S. 30-year fixed-rate mortgage slipped in the last seven days to between 6.43 percent and 6.44 percent.

U.S. fixed rate mortgages decrease

MCLEAN, Va., Aug. 10 (UPI) -- U.S. mortgage costs fell in the last seven days to 6.55 percent from 6.63 percent for a 30-year fixed rate loan, Freddie Mac said Thursday.

U.S. interest rates in flux this week

NEW YORK, July 20 (UPI) -- U.S. mortgage rates inched higher this week on both fixed and adjustable rate loans, an industry group said Thursday.

U.S. interest rates steady last week

NEW YORK, July 6 (UPI) -- Fixed U.S. mortgage rates stopped rising last week, their first such breather after three straight weeks of gains.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch