Category Archives: Home loans
← Older postsSenate Backs Plan to Help Americans Buy Homes
October 21, 2011The Senate voted 60-38 to continue to allow the government to buy or insure home loans for as much as $729,500 in expensive housing markets. The higher conforming loan limit lapsed at the end of September, falling back to $625,500, … Continue reading
Fixed Rate Mortgages Hit Record Low of 4.01 Percent
September 30, 2011Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), coming on the heels of the Federal Reserve’s recent announcements as the conventional 30-year fixed-rate mortgage (FRM) averaged an all-time record low at 4.01 percent, with an average … Continue reading
Mortgage 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
Mortgage Rates Keep Dropping
August 12, 2011Mortgage borrowing costs continued a downward trend this week, according to Freddie Mac, as 30-year fixed rates dipped to the lowest point of the year and 15-year fixed interest fell to an all-time low. Freddie Mac said interest on the … Continue reading
Mortgage Rates Hold Near Lows
July 5, 2011Mortgage interest remained near annual lows last week, with the 30-year fixed rate averaging 4.51 percent compared to the year’s low of 4.49 percent reached three weeks ago. The 15-year fixed rate, meanwhile, stood fast at 3.69 percent after hitting … 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
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
VA Loan Program Grows, Prospers
June 14, 2011The Mortgage Bankers Association reports a 4.52 percent serious delinquency rate for VA loans at the end of March, versus 5.58 percent for prime mortgages. Experts say the VA program’s success, despite originating loans with no down payments, is rooted … Continue reading
Mortgage Rates Set Fresh 2011 Low After Jobs Report
June 10, 2011With employers adding far fewer private-sector jobs than anticipated, the latest Freddie Mac data show home loan rates fell for an eighth consecutive week to a new low for the year. The 30-year fixed mortgage averaged 4.49 percent, down from … Continue reading
30-Year Mortgage Rate Again Hits 2011 Low
May 27, 2011Fixed mortgage rates have fallen for six straight weeks, with 30- and 15-year loans dipping to their lowest levels since mid-December and late November, respectively. Freddie Mac reports that the 30-year loan averaged 4.60 percent this week, down from 4.61 … 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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