mortgage rates slide to record lowsmortgage rates continue to drop well below 4 percent. the average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this mba series. the purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.uk mortgage lending falls to 12-month lowgross mortgage lending in the uk slumped in april to a 12-month low after incentives for first-time buyers were withdrawn on march 24th.fdic sues big banks over mortgage securitiesthe government has sued several big banks over toxic mortgage securities they issued that were bought by two small illinois banks which failed in may 2009.first trust mortgage income fund declares its monthly common share distribution of $0.16 per share for junefirst trust mortgage income fund has declared the fund’s regularly scheduled monthly common share distribution payable on june 15, 2012 to shareholders of record as of june 5, 2012. |
The total cost includes the purchase price plus closing costs, but it does not include prepaid items that you have to pay at settlement, such as real estate taxes and hazard insurance.
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