Mortgage rates slide to 6-week low as North Korea worries drive bond rally

Getty ImagesMortgage rates remain affordable for many would-be buyers. Rates for home loans slid to a 6-week low as mounting geopolitical worries drove investors into safe-haven bonds, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.90% in the August 10 week, down from 3.93%. The 15-year fixed-rate […]

bank of america to pay $nine.3 billion to settle loan bond claims

Washington : financial institution of the usa agreed to pay $nine.3 billion to settle claims that it sold Fannie Mae and Freddie Mac faulty loan bonds, supporting the financial institution to cease one of the biggest legalheadaches it nevertheless faced from the economic disaster. The settlement, introduced on Wednesday, consists […]