Mortgages and Refinancing Mortgage rates have dropped 10 times in the past eleven weeks. Nationwide mortgage buyer Freddie Mac reports both 30-year and 15-year loans are at their lowest in decades.
With troubled mortgages, discounts on repayment could return some order Lew Ranieri isn’t as heroic as The Wall Street Journal makes him out to be. Someone else did the tough job. Ranieri’s name may be familiar in Kansas City. He was the mortgage investments expert the government brought in after seizing Franklin Savings Association in February 1990.
