The summertime swoon in U.S. mortgage rates continues this week, with averages for home loans falling to yet another record low. Click to enlarge Rates began to inch downwards in June, falling 0.37 of a percentage point in 11 weeks in which the 30-year average either set or met…

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q.  I am in my early 20s and have been at my current job for 3 years now. I…

The lowest mortgage rates in nearly 40 years could give the economy the boost it needs to get back on track for solid growth in the next year, Wells Fargo Bank’s chief financial officer said today. Howard Atkins Many experts think the dramatic drop in 30-year fixed-rate mortgages to…

Interest rates for a home loan fell again this past week, the 10th straight week that mortgage rates were at or below record levels, according to the latest Freddie Mac survey. This weeks average rates were: Click to enlarge Thirty-year fixed-rate loans: 4.36% with 0.7 of a point paid…

This summer’s bout of falling mortgage rates has sparked yet another frenzy of homeowners looking to refinance their loans. Now could be a good time to do it, too, with interest rates at their lowest in decades — lower than in 2001, lower than in 2003 and even lower…

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… Q. My wife and I are both employed. Combined income is under $150, 000. We bought a house in…

There’s no consensus on how to design a new system to ensure that Fannie Mae and Freddie Mac – recipients of $150 billion in bailout money since the Bush administration took them over to avoid their collapse — won’t have to be propped up again. . Here’s what some of the experts are saying about the…

The California Assembly voted 49 to 14 today to approve a Realtor-backed measure expanding protections for homeowners who have refinanced their mortgages, according to the California Association of Realtors. The bill, SB 1178, now goes to Gov. Arnold Schwarzenegger’s desk. If signed, the law would take effect in June…

Uncertainty over a weak economy drove home loan interest rates to yet another record low, marking the ninth straight week in which mortgage averages were at or below the prior record, according to Freddie Mac’s weekly survey. During the past week, interest rates averaged: 9 weeks of record lows…

More and more people out there are not paying what they owe, whether it’s the  mortgage check for this month or a home equity loan from a couple of years ago when they were feeling flush enough to splurge on cars, boats or whatever they wanted. . Are there no consequences? One…