Category Archives: GSEs
← Older postsMortgage Rates Hit 4.15 Percent, Lowest Mark in Five Decades
August 18, 2011Freddie 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
Home Loan Rates Hover Near Lows
June 24, 2011Freddie 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
Fannie Mae: Industry Originations Up
June 22, 2011Fannie 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
Mortgage Rates Hold Steady
June 17, 2011Freddie 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
Mortgage Rates Decline
April 29, 2011Borrowing 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
Falling U.S. Rates Give Borrowers Reprieve
March 18, 2011The 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
IT'S THE LOAN PROGRAM, STUPID……
March 8, 2011As 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
New-Home Recovery Seen as Post-Super Bowl Selling Season Starts
February 8, 2011New 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
Low Rates Prompting More 'Cash-in' Refinances
February 2, 2011Freddie 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
Realtors seek easing of loan standards as mortgage rates continue slide
November 9, 2010The 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
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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