Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS), showing mortgage rates, fixed and adjustable, reaching all-time record lows providing further incentive for those homeowners looking to refinance. The 30-year fixed-rate mortgage (FRM) averaged 4.15 percent with an … Continue reading
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Freddie Mac reports that average interest on 30-year fixed mortgages was flat at 4.50 percent this week, while 15-year fixed loans rose from a 2011 low of 3.67 percent a week ago to 3.69 percent. The 30-year loan fell to … Continue reading
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Fannie Mae has revised its mortgage origination outlook for 2011 upward by nearly 3 percent due to higher refinancing activity in the second quarter. In May, chief economist Doug Duncan estimated that $108 billion in home loans would be refinanced … Continue reading
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Freddie Mac reports that the 30-year fixed mortgage rate drifted up to 4.50 percent in the week ended June 16 from 4.49 percent a week earlier. Meanwhile, rates on 15-year fixed loans dipped to 3.67 percent from 3.68 percent over … Continue reading
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Borrowing costs on mortgages dipped in the week ended April 28, reports Freddie Mac. The firm said that interest on 30-year fixed loans settled at 4.78 percent, down from 4.8 percent a week earlier and 5.06 percent a year ago. … Continue reading
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The 30-year, fixed loan settled at 4.76 percent for the week ended March 17, compared to 4.88 percent last week and 4.96 percent a year ago, reports Freddie Mac, as investors sought low-risk U.S. Treasuries in response to uncertainty in … Continue reading
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As I listen to the talking heads and government policy experts in Washington discuss mandating 20% down payments for future mortgage programs I get sick to my stomach. Aren’t any of these people doing their research before suggesting such a … Continue reading
Posted in Fannie Mae, Federal Housing Administration, FHA, Freddie Mac, GSEs, Mortgage Banker News, Mortgage News | 2 Comments
New home sales may bounce back this spring, and the rebound could last through at least 2012, predict market watchers. The Mortgage Bankers Association forecasts a 10 percent jump in volume; while Fannie Mae and the National Association of Home … Continue reading
Posted in Economy, Fannie Mae, First-Time Homebuyer, Home Buying, Home loans | 1 Comment
Freddie Mac reports that “cash-ins,” which entail borrowers bringing money to the table when they refinance, accounted for 46 percent of refis in the fourth quarter — a record high. Homeowners are seeking more affordable terms and paying down balances … Continue reading
Posted in Freddie Mac, Home loans, Refinance | 1 Comment
The nation’s chief real estate industry trade group, worried that even the most creditworthy borrowers are finding it hard to get loans, has called on the three big mortgage guarantors to ease underwriting standards for creditworthy borrowers. Those borrowers will … Continue reading
Posted in Fannie Mae, Federal Housing Administration, FHA, Freddie Mac, Home Buying, Home loans | 1 Comment ← Older posts