gbpusd: trading the u.k. mortgage approvals reportgbpusd: trading the u.k. mortgage approvals reportmortgage rates keep plunging: 15-year below 3%mortgage rates continued to plunge to new lows this week, with interest rates on the 15-year fixed rate mortgage dipping below 3% for the first time on record.mortgage modification nightmarewhen mary e. glover fell on hard times and could not pay her mortgage for four months, she found herself in a mortgage nightmare.low mortgage rates attracting more short-term borrowerswith the 15-year rate in sub-3% territory, about 3 in 10 refinancers are opting for loans of less than 30 years. traditional 30-year fixed-rate loans are averaging 3.75%, a record low for the fifth straight week. as mortgage rates sink deeper into record territory, homeowners are refinancing into 15-year loans at a pace not seen in a decade, aiming to pay off their debt in time for retirement. |
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