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<title><![CDATA[Edward J. Ferrara III]]></title>
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<title><![CDATA[FreeRateUpdate.com sees rush of homebuyers with signed purchase contracts]]></title>
<link>http://www.freerateupdate.com/fha-loans/freerateupdate-com-sees-rush-of-homebuyers-with-signed-purchase-contracts-5235</link>
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<pubDate>Sun, 02 May 2010 16:06:54 EDT</pubDate>
<description><![CDATA[May 2, 2010 (FreeRateUpdate.com) - FreeRateUpdate.com saw a rush of homebuyers with signed purchase contracts last week, the majority likely moving to beat the Apr. 30th deadline for the homebuyer tax-credit. For the first time in 2 years, the number of consumers requesting a rate with a signed purchase purchase contract in hand, exceeded those refinancing their home. Based on what we've seen coming through FreeRate, we've got to expect April home sales data will be quite impressive. FHA loans remain most popular with homebuyers, because of the 3.5% minimum down-payment.]]></description>
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<title><![CDATA[Bank of America to reduce mortgage principal for some homeowners]]></title>
<link>http://www.freerateupdate.com/mortgage-news/bank-of-america-to-reduce-mortgage-principal-for-some-homeowners-4731</link>
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<pubDate>Wed, 24 Mar 2010 19:47:53 EDT</pubDate>
<description><![CDATA[Bank of America Corp. said Wednesday that it would offer to erase $3 billion in principal over a five-year period for homeowners with certain adjustable-rate mortgages written by Countrywide Financial Corp., the aggressive Calabasas mortgage giant that BofA acquired in 2008 as the home-lending industry imploded.]]></description>
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<title><![CDATA[BREAKING: Current Mortgage Rates Rise]]></title>
<link>http://www.freerateupdate.com/breaking-current-mortgage-rates-rise-30-yr-fixed-51-arm-rates-up-4735</link>
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<pubDate>Wed, 24 Mar 2010 19:47:01 EDT</pubDate>
<description><![CDATA[BREAKING: Current Mortgage Rates Rise - 30-Yr Fixed, 5/1 ARM Rates Up]]></description>
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