bankrate: mortgage rates hold at record lowsnew york, may 24, 2012 /prnewswire/ -- mortgage rates were little changed, remaining at record low levels. the average rate on the benchmark 30-year fixed mortgage rate was unchanged at the record low ...mortgage for retirees plannedfor retirees, a mortgage loan which normally requires at least 20 years of work to ensure debt payment ability is seemingly impossible, but the secondary mortgage corporation (smc) is planning to offer a new product focusing on serving the needs of the elderly.mortgage rules prove too strict for some retireesit’s a mortgage problem that is likely to intensify as home-owning baby boomers by the millions shift into retirement: although they may have significant financial assets tucked away in retirement accounts, their diminished monthly incomes may not be sufficient to meet some lenders’ hyper-strict underwriting rules. read full article >>fixed mortgage rates hover at record lowsa 30-year fixed rate mortgage averaged 3.78 percent; one year ago, the 30-year frm averaged 4.6 percent |
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