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Search 1) News For: Commercial Mortgage Rate Virginia

Making extra payments on fixed-rate mortgage reduces loan, cuts interest cost  Q: I have a mortgage with a balance of $54,000 with a rate of 6.5 percent. This is a 15-year fixed rate. Awhile back a friend said that if you have a 30-year mortgage, by making one extra payment per year, the loan would be reduced to 22 years.

Central bank cuts loan interest rate, reserve requirement ratio  China's central bank said on Monday it will reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic growth.

China reduces credit interest rate  Beijing, Sep 15 : China's central bank said Monday it will reduce the benchmark loan interest rate and the reserve requirement ratio for commercial banks to ensure a steady and rapid economic growth.

Mortgage rate watch  Rates on 30-year mortgages dropped sharply this week, falling to the lowest level in five months, as the government's dramatic takeover of mortgage giants Fannie Mae and Freddie Mac had the hoped-for impact of lowering mortgage rates:

Pay mortgage early? Ask questions first  Q: We just bought a new home and took out a mortgage of $250,000. It's a 30-year fixed mortgage and our interest rate is 6.25 percent. We decided not to escrow taxes and insurance, so our monthly payment of principal and interest is $1,539.29.

Mortgage brokers, real estate agents say interest rate drop is spurring activity  n Mortgage brokers, real estate agents say interest rate drop spurring activity

China central bank cuts key interest rate  The bank said it was lowering the rate on one-year yuan-denominated loans by 0.27 percent, reversing direction after raising rates for the past three years.

Real Estate: Mortgage rates are lower, but getting a home loan is no easier  The government takeover of mortgage giants Fannie Mae and Freddie Mac has pushed mortgage rates lower, a boon for some home buyers and homeowners seeking to refinance, but it is not automatically going to make home loans easier to obtain.

Mortgage giants' takeover worries nonprofits  WASHINGTON - Washington region nonprofits say they fear cutbacks in charitable giving after a federal takeover of two mortgage companies. D.C.-based mortgage giants Fannie Mae and Freddie Mac or their foundations gave roughly $47 million to area nonprofit organizations last year.

Lehman failure may hurt U.S. commercial property  NEW YORK Reuters - A bankruptcy by Lehman Brothers LEH.N may prompt the sale of its $32.6 billion of commercial real estate investments, and that just may be the jolt the U.S. property market needs to get sales started again, some real estate executives said.