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Thornburg Mortgage Announces Amendment and Extension of Exchange Offer and Consent Solicitation   SANTA FE, N.M.----Thornburg Mortgage, Inc. , announces that it is amending its Exchange Offer and Consent Solicitation for all outstanding shares of its 8.00% Series C Cumulative Redeemable Preferred Stock , Series D Adjusting Rate Cumulative Redeemable Preferred Stock , 7.50% Series E Cumulative Convertible Redeemable Preferred Stock and 10% Series F Cumulative Convertible Redeemable Preferred ...

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.

Mortgage rates fall on Lehman, Merrill news  Mortgage Rates Fall on Lehman, Merrill News What Wall Street's developments mean for home buyers and owners. By Kimberly Palmer Thelatest round of financial shockers didn't just send Wall Street tradersscrambling--the problems also have consumers wondering if it's a goodtime to buy a home or refinance, given the impact

Full circle: Financial hurricane puts focus back on mortgage, housing markets  The United States is undergoing its biggest financial crisis since the Great Depression. Venerable institutions are collapsing. Wall Street is reeling. What does it all mean to the housing and mortgage markets, whose problems triggered these catastrophes?...

Thornburg Mortgage Announces Amendment and Extension of Exchange Offer and Consent Solicitation   Thornburg Mortgage, Inc. NYSE: TMA, announces that it is amending its Exchange Offer and Consent Solicitation the "Exchange ...

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.

Finance Bright Spot: Mortgage Rates  Amid the turmoil, home-loan rates post a big decline, which can lead to real monthly savings.

Woolwich cuts mortgage rates  Barclays' mortgage arm Woolwich has become the latest firm to cut interest rates on its home loans. The Woolwich announced it was trimming rates on fixed and lifetime tracker mortgages, including two-year, three-year and 10-year fixed rates products.

Home affordability improves on back of house price, interest rate falls  Housing affordability improved by a record amount in August to its best level since January last year after house prices fell sharply and fixed mortgage rates fell below 9 per cent.

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