Finance & Mortgage

Mortgage Applications: 3.3% Drop Following Volatile Interest Rates

Markets finally settled last week after several months of volatile interest rates. However, that did not help the mortgage business. Overall mortgage application volume dropped 3.3 percent on seasonally adjusted data last week compared to previous weeks.

Fannie Mae and Freddie Mac To Cut Principal Balance On Underwater Mortgages

Homeowners who were behind on their home purchase loan payments are expecting to receive good news in the coming weeks. Under an act approved by the federal regulator of mortgage-finance corporations Fannie Mae and Freddie Mac, thousands of homeowners who owe more than the worth of their properties and are behind in bill payments will be eligible to get their mortgage balances absolved.

Brisbane Vendor to Auction Brand New Apartment With No Reserve

A Brisbane vendor is putting the brand new 5/53 Ashmore Street, Everton Park apartment under the hammer on April 10 without reserve.
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