U.S. President Barack Obama is offering beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. Mr. Obama said Wednesday the value of millions of homes has sharply fallen during the country’s economic downturn, leaving many homeowners with loans that are bigger than the value of their houses […]
US: Obama Proposing Home Loan Relief
Posted February 1st, 2012 at 12:15 pm (UTC-5)
U.S. President Barack Obama is offering beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. Mr. Obama said Wednesday the value of millions of homes have sharply fallen during the country’s economic downturn, leaving many homeowners with loans that are bigger than the value of their houses […]
US: Obama Proposing Home Loan Relief
Posted February 1st, 2012 at 11:00 am (UTC-5)
U.S. President Barack Obama is set to offer beleaguered American homeowners a chance to refinance their housing loans to take advantage of near-record-low borrowing costs. White House officials described the plan in advance of Mr. Obama’s announcement Wednesday at a community center outside Washington. They estimated that 3.5 million homeowners, many of whom hold loans […]
For First Time, US Home Loans Below 4 Percent
Posted October 6th, 2011 at 12:00 pm (UTC-5)
For the first time, interest rates on the most common home loans in the United States have fallen below 4 percent. A large government-supported mortgage financing company, Freddie Mac, said Thursday that the average rate on traditional 30-year loans to buy a house has fallen to 3.94 percent. That is the lowest rate the company […]
