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Mark Ting's advice on breaking your mortgage to get a lower rate

Mortgage rates in Canada are down and could fall further following the Bank of Canada's 0.25 per cent cut in the overnight lender rate. On the Coast's financial columnist, Mark Ting offers this advice. Fixed mortgages are much more complicated and the penalties can run into the tens of thousands as they are based on a formula called the interest rate differential (IRD).

Mortgage delinquency rates, foreclosures fall in Iowa City, Cedar Rapids

Foreclosure and mortgage delinquency rates fell in Cedar Rapids and Iowa City in November compared with the same month of 2013, according to CoreLogic of Irvine, Calif. The rate of Cedar Rapids area foreclosures among outstanding mortgage loans was 0.92 percent for November, a decline of 0.69 percent compared with 1.61 percent in November 2013. Foreclosure activity in Cedar Rapids also was lower …

How to Get the Mortgage Down Payment Help Available to 87% of Homes

NEW YORK ( MainStreet ) — There's some good news on mortgage down payment help: 87% of all U.S. homes qualify. RealtyTrac found that 68 million Americans in 78 million single-family homes are eligible for mortgage down payment programs in their home county, based on price requirements and the potential value of their properties.

Mortgage rates for Feb. 6, 2015

I'm Greg McBride, chief analyst with Bankrate.com and here is your weekly look at mortgage rates. Mortgage rates were little changed this week, with the benchmark 30-year fixed mortgage rate holding at 3.8 percent.

Mortgage fraudsters get prison

ORLANDO – Two co-conspirators in a Volusia County mortgage fraud scheme were sentenced Friday morning to federal prison.