Real Estate, Interest Rate | featured news

The average U.S. rate on the 30-year fixed mortgage touched its record low this week and the rate on 15-year mortgage hit a new record.

Record-low interest rates are out of reach for many homeowners, and a big reason is that millions are underwater. Obama and others are trying to assist them. U.S. interest rates are at rock-bottom levels, but that's not helping most Americans with mortgages.

The Obama administration is considering a program to let millions of homeowners refinance at today’s rates.

If you save money by putting cash under your mattress, then inflation does indeed rob you of purchasing power. But if, like most of us, you hold your nest egg in a savings account, a money market fund, real estate, or a 401(k) plan then what you care about is your real rate of return, not the inflation rate per se.

Applications for home mortgages surged last week, racking up the biggest increase in four months on a flood of refinancing demand as interest rates remained low, an industry group said on Wednesday.

Federal subsidies, low interest rates, falling home prices--find out how to get on board before these benefits run out.