Mortgage News

Seven million college students are on track to see their federal loan rates double this year unless Congress acts ahead of a July 1 deadline when subsidized Stafford loan rates will increase from 3.4% to 6.8%. The U.S. House will vote Thursday on a Republican plan to head off the increase inspired by an unlikely source: President Obama.

Why did Jones pay more for his mortgage than Smith? One possible reason is that they borrowed at different times, when market conditions were different.

We are now heading toward the end of the spring homebuying season, and mortgage rates remain near record-low levels.

Buying a new home or refinancing a house currently owned is something that a lot of Americans are going for.

The number of Sacramento-area homeowners who owe more than their homes are worth continued tumbling in the first three months of this year, real estate tracking firm Zillow reported Wednesday.

Investors Continue to Drive Home Price Increase Pro Teck CEO Tom O'Grady discusses the April 2013 Home Value Forecast, featuring the Los Angeles, Atlanta and Warren, Mich.

Almost a third of Canadian households report never or almost never having any money left to save after paying their bills, according to a new study issued Wednesday.

Wynn Resorts kept a suite open all year at its tony Las Vegas hotel and casino for founder and CEO Steve Wynn, at a cost of nearly $452,000. Former IBM CEO Samuel Palmisano was guaranteed an administrative assistant and furnished office for life as a retirement gift -- plus a $1 million office renovation.

For a talented, creative few, there's David Letterman. For most, there's a labyrinth of paperwork, hard decisions and painful sacrifices that could have dramatic repercussions on their financial health decades from now.

Chairman Ben Bernanke told Congress Wednesday that the U.S. job market remains weak and that it is too soon for the Federal Reserve to slow its extraordinary stimulus programs.

Stocks fell in afternoon trading Wednesday on news that several Federal Reserve policymakers in a meeting earlier this month favored cutting back on stimulus programs as early as June if the economy continued to improve.

Canada's housing market is slowing dramatically in terms of both sales and construction, dragging down economic growth and putting some 150,000 jobs at risk in coming years, a mortgage industry association warns in its spring report.

Mark O'Donnell usually books his family's summer vacation in January. For the last dozen years, that meant reserving an oceanfront house for a week in Long Beach Island, a quiet cluster of beach towns on the New Jersey shore.

In this Tuesday, April 2, 2013, photo, Sam and Liz Weidner, of Hudsonville, Mich., view a home for sale in Lowell, Mich.

Nationwide, Britain's biggest building society, grabbed its biggest ever share of the mortgage market last year and saw its profits jump strongly as it continued to attract customers across from discredited high street banks.

Azerbaijan Mortgage Fund under the Central Bank placed 10 million manat of the sixth issue of interest-bearing secured registered bonds, the Baku Stock Exchange said on Monday.

When Ben Bernanke testifies about the U.S. economy Wednesday, the Federal Reserve chairman's words will be examined for any clues that the Fed might soon taper - or increase - its support for the economy.

Oakland County will appeal to the U.S. Supreme Court in its fight against mortgage giants Fannie Mae and Freddie Mac, after an appeals court blocked the county from recovering millions in real estate transfer taxes from the two lenders.

Nearly 20,000 Nevada homeowners have received an average of about $97,000 as part of the $25 billion national settlement over questionable foreclosure and lending practices by some of the nation's largest financial institutions.

While the average African-American is feeling more financially secure, many still feel neglected by the financial industry, new research shows.