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Today's Mortgage Terms starting with G Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application. View all Terms

Washington refinance mortgage news:

MBA Mortgage Applications Spike Sharply Higher in Week Ending November ... - Economicnews
(CEP News) - Weekly mortgage applications in the United States increased sharply in the week ending Nov. 28, according to data released from the Mortgage Bankers Association (MBA) on Wednesday, which reported a 112.1% week-over-week rise in ...

Mortgage application, refinance volume surge - Anchorage Daily News
WASHINGTON - Mortgage application volume more than doubled during the shortened Thanksgiving week, according to the Mortgage Bankers Association's weekly application survey. The trade group's application index surged to 857.7 in the week ended Nov ...

W. Washington home prices keep falling - Seattle Times
Home prices keep falling in Western Washington. The Northwest Multiple Listing Service in Kirkland, which compiles information for 19 counties, reports the median sale price of single family homes and condos dropped nearly 10 percent to $285,000 in ...

Washington’s New Tack: Helping Homeowners - The Ledger
Ben S. Bernanke, chairman of the Federal Reserve, warned on Thursday that the soaring number of foreclosures threatened the economy. He then proposed some ideas — government-engineered loan modifications, and more taxpayer money to help people ...

U.S. weighs plan to cut mortgage rates - Daily Herald
WASHINGTON -- The head of the government's financial system rescue effort said Thursday the Treasury Department is considering a program to encourage banks to make mortgage loans at low rates to help revive the battered housing market. Under the ...

FDIC’s Bair warns investors fighting loan changes - Journal Record
WASHINGTON (AP) – Investors in mortgage securities who are challenging home loan modification programs aimed at avoiding foreclosures could provoke a “backlash” from Congress, the head of the FDIC said Thursday. Sheila Bair, the chairman of the ...

Relief for homeowners? - NorthJersey.com
WASHINGTON — Treasury Secretary Henry Paulson is considering a new plan to reduce mortgage rates in another bid to revive the U.S. housing market, a government official said. The Treasury, which already has a program to buy mortgage-backed ...

Bernanke seeks foreclosure aid - Detroit News
WASHINGTON -- Federal Reserve Chairman Ben Bernanke pleaded Thursday for more government action to relieve the foreclosure crisis and break a vicious cycle in which the housing meltdown is plunging the country deeper into recession. With soaring ...

Mortgage applications surge by record amount - Washington Post
Resize NEW YORK (Reuters) - Mortgage applications surged by the largest amount on record last week as a new Federal Reserve program pushed interest rates down to their lowest level in more than 3 years, data from an industry group showed on Wednesday ...

New low mortgage rates out of reach - The Washington Times
A 30-year, $350,000 mortgage bearing a fixed rate of 5.25 percent instead of 6.5 percent would save a borrower $280 per month. A half-percentage-point reduction to 5.5 percent would yield a monthly savings of $111. "Many people have been sitting on ...