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SATURDAY, NOVEMBER 21, 2009
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NEWS ABOUT: adjustable-rate mortgages

adjustable-rate mortgages stories: 6 news summaries

 Mortgage Rates Plunge 
 to Lowest Ever 

But plunging house values make refinancing impossible for many homeowners

Jan 16, 09 2:12 AM CST
(Newser) - The benchmark 30-year mortgage interest rate has fallen below 5% for the first time ever as the collapsing economy continues to force interest rates down. Adjustable-rate mortgages fell to 5.25%, reports MarketWatch. But many homeowners can't take advantage of the new low rates to refinance because the value of... More »

MORE ABOUT:
Federal Reserve • Freddie Mac • Treasury Department • mortgage rates • interest rate • adjustable-rate mortgages • 30-year mortgage • Palm Beach Financial Network

How One Woman's Home, and Dream, Foreclosed

One woman's story helps us understand today's financial mess

Oct 26, 08 6:42 PM CDT
(Newser) - When a California woman bought a home 3 years ago, she had little idea that her mortgage would help drag down the nation's economy—and the world's, the Sacramento Bee reports. Erin O'Hagan and two family members pooled incomes to buy a $475,000 Sacramento home, and planned to refinance... More »

MORE ABOUT:
foreclosure • home values • adjustable-rate mortgages • financial crisis

OPINION

Feel Good Again About
Your Pricey House

In 10 years, you'll be back in the black

Aug 17, 08 7:59 PM CDT
(Newser) - Bought an expensive house right before the subprime crash? Fret not, writes Chris Ayres in the Los Angeles Times. With 5% inflation, lower interest rates, and a mortgage tax deduction, buyers of pricey houses will be smiling in 10 years. "If you're a boom-time buyer who can still pay... More »

MORE ABOUT:
homes • interest rate • housing crisis • housing bubble • economy • adjustable-rate mortgages

New Wave of Foreclosures Expected in '09

ARM holders will see payments soar as their mortgages reset

Jun 7, 08 10:44 AM CDT
(Newser) - America’s subprime victims may have grudgingly accepted their fate, but there’s a new class of borrowers primed to suffer, BusinessWeek reports. Homeowners who took out ARMs, or adjustable rate mortgages, will soon face skyrocketing payments as their loans reset. About a million people have the mortgages, but... More »

MORE ABOUT:
housing market • foreclosure • home sales • debt • US economy • homeownership • lending practices • subprime crisis • adjustable-rate mortgages

 Foreclosures Go Upscale 

It's taken longer for ballooning loans to hit the wealthy, now facing the music

May 15, 08 10:11 AM CDT
(Newser) - Luxury homes—once seemingly immune from the mortgage crisis—are starting to hit foreclosure lists across the nation, the Washington Post reports. And, real-estate agents predict, it’s just the beginning of a trend likely to grow as more buyers who bought beyond their means with adjustable-rate and interest-only mortgages... More »

MORE ABOUT:
housing market • foreclosure • mortgage • credit market • adjustable-rate mortgages

 US Must Stop
 Foreclosures,
 Bernanke Warns 

He warns of cascading crisis

May 6, 08 2:35 AM CDT
(Newser) - Federal Reserve Chairman Ben Bernanke yesterday called for government intervention to halt home foreclosures, warning that to do nothing could "destabilize communities, reduce property values of nearby homes, and lower tax revenues." Bernanke said in a speech in New York that a million Americans were already three months... More »

MORE ABOUT:
Ben Bernanke • Federal Reserve • foreclosure • mortgage • House Financial Services Committee • Federal Housing Administration • Columbia Business School • adjustable-rate mortgages

6 Stories


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