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HUD pulls proposed rule over mortgage closing costs

...numbers and that offering one price for closing costs would make it easier to shop around. According to the Mortgage Bankers Association of America, closing costs average about $2,000 per transaction, though that varies widely depending on the price...

http://chronicle.augusta.com/stories/2004/03/23/fin_409660.shtml
Finance
Many find ARMs a good alternative to fixed-rate mortgages

...fixed-rate loan, for which the interest payment can be locked in for up to 30 years, according to the Mortgage Bankers Association of America in Washington, D.C. ARMs have been getting more attention since Federal Reserve Chairman Alan Greenspan...

http://chronicle.augusta.com/stories/2004/03/14/fin_408701.shtml
Finance
Rates on 30-year and 15-year mortgages inch up

WASHINGTON -- Rates on 30-year and 15-year mortgages inched up this week, ending a three-week stretch in which these rates had moved down.

http://chronicle.augusta.com/stories/2004/01/01/fin_399496.shtml
Finance
Rates on 30-year and 15-year mortgages dip for third straight week

...November, private economists predict home sales will set a record high for all of 2003. Separately, the Mortgage Bankers Association of America said refinancing accounted for 51.7 percent of all home-mortgage applications filed last week, down...

http://chronicle.augusta.com/stories/2003/12/25/fin_394940.shtml
Finance
Rates on 30-year and 15-year mortgages dip for second straight week

...2 percent rate in the third quarter, the best performance in nearly two decades. Separately, the Mortgage Bankers Association of America said refinancing accounted for 51.8 percent of all home-mortgage applications filed last week, up...

http://chronicle.augusta.com/stories/2003/12/19/fin_393053.shtml
Finance
Rates on 30-year and 15-year mortgages fall

...sales will hit record highs this year and post their second-best year ever in 2004. Separately, the Mortgage Bankers Association of America said refinancing accounted for 49.4 percent of all home-mortgage applications filed last week, down...

http://chronicle.augusta.com/stories/2003/12/12/fin_390704.shtml
Finance
Home loan rates drop for second week in a row

...and we see mortgage rates drop once again," said Frank Nothaft, Freddie Mac's chief economist. The Mortgage Bankers Association of America said the recent drop helped to boost applications of loans to buy homes last week, although applications...

http://chronicle.augusta.com/stories/2003/09/19/bus_388944.shtml
Business
More buyers look to adjustable-rate mortgages

...average 8 percent of just three years ago. But it's risen enough to scare many families away. The Mortgage Bankers Association of America said Wednesday mortgage applications declined for a second consecutive week to the lowest level in more...

http://chronicle.augusta.com/stories/2003/08/25/fin_386010.shtml
Finance
Should I refinance my mortgage?

...30-year mortgage in late July was 5.7 percent, up from 5.1 percent in late June, according to the Mortgage Bankers Association of America. Mortgage rates track 10-year Treasury bond yields, not the federal funds rate, the rate used by...

http://chronicle.augusta.com/stories/2003/08/04/fin_383059.shtml
Finance
Mortgage rates climb again

...percent of all mortgage loan applications filed last week, down from 70.1 percent the week before, the Mortgage Bankers Association of America reported. Refinancing is an important factor underpinning consumer spending, the main force keeping...

http://chronicle.augusta.com/stories/2003/07/25/fin_382100.shtml
Finance