Mortgage rates were largely flat the past week, with the average rate on 30-year fixed-rate mortgages remaining at a record low, according to Freddie Mac’s (FMCC) weekly survey of mortgage rates.
Rates remain at or near record lows as the Treasury market has rallied amid stock-market skepticism, pushing yields down. Mortgage rates generally track Treasury yields.
The [...]
Archive for the ‘borrowers’ Category
Mortgage Rates Mostly Flat; 30Yr Fixed Stays At 4.57% -Freddie
July 15th, 2010 by Mortgage Writer
Tags: fixed rates, Freddie Mac, home loans, housing market, interest rates, loan, money, mortgage, mortgage lenders, mortgage payment, mortgage rates, mortgages, real estate, treasury, treasurys
more...FHFA Subpoenas Firms That Sold Debt to Fannie Mae, Freddie Mac
July 13th, 2010 by Mortgage Writer
The Federal Housing Finance Agency subpoenaed firms that sold mortgage-backed securities to Fannie Mae and Freddie Mac as the regulator aims to determine whether issuers can be held liable for losses on the debt.
FHFA, which has overseen the government-sponsored mortgage companies since they were placed under conservatorship in September 2008, issued 64 subpoenas seeking loan [...]
Tags: fannie mae, Federal Housing, FHA, Freddie Mac, jpmorgan, mortgage backed securities, mortgage market, subprime mortgages
Mortgage Rates Lowest in Decades Yet Sales Plummet
July 12th, 2010 by Mortgage Writer
Record breaking mortgage rates are not enough to spark the US real estate market..
Freddie Mac announced last week that the average thirty year fixed mortgage rate is down to 4.57 percent, but that was not enough to entice Americans into buying homes.
April marked the end of the federal tax break incentive and sales were greatly [...]
Tags: economic recovery, federal reserve, financial market, Freddie Mac, housing market, interest rates, money, mortgage lending, mortgage loans, mortgage rates, real estate, US Economy
Mortgage Investors Turn to State Courts for Relief
July 10th, 2010 by Mortgage Writer
INVESTORS who lost billions on boatloads of faulty mortgage securities have had a hard time holding Wall Street accountable for selling the things in the first place.
For the most part, banks have said they can’t be called out in court on any of this because they had no idea that so many of these loans [...]
Tags: borrowers, business, housing market, investors, money, mortgage lenders, mortgage lending, mortgage market, mortgage payments, mortgage securities, subprime mortgages, wall street
Bank Of America Home Loan Refinancing For A Lower Monthly Mortgage Payment
July 9th, 2010 by Mortgage Writer
Mortgage interest rates have been quite low over the past months and remain at levels where many homeowners are able to refinance for a lower mortgage rate and monthly mortgage payment. Homeowners with Bank of America, like many other homeowners with various lenders across the nation, have been able to refinance with their lender to [...]
Tags: bank of america, home loan, homeowners, housing market, interest rates, loan modifications, mortgage lenders, mortgage lending, mortgage market, mortgage payments, Obama, real estate
Freddie: 30-year fixed-rate mortgage at record low
July 8th, 2010 by Mortgage Writer
Treasury-indexed ARM rates more than a percentage point lower than a year ago
The 30-year fixed-rate mortgage has hit a record low, ticking down to an average 4.57% in week ended July 8, compared with 4.58% in the prior week, Freddie Mac reported Thursday.
To obtain the latest rate, the mortgage required payment of an average 0.7 [...]
Tags: economists, fixed rates, foreclosure, Freddie Mac, home loans, housing market, money, mortgage, mortgage rates, subprime mortgages
Wells Fargo Homeowners Refinance For Lower Mortgage Interest Rate–Will A Lower Mortgage Payment Follow?
July 5th, 2010 by Mortgage Writer
Homeowners with lenders like Wells Fargo have been able to refinance for a lower mortgage interest rate, as rates have remained quite low over the past months. Homeowners have sought a lower monthly mortgage payment also, and for many who refinanced and got a lower interest rate on their home loan, a lower mortgage payment [...]
Tags: financial crisis, home loans, homeowners, lenders, loan, money, mortgage market, mortgage payments, mortgage rates, real estate, tax credit, us interest rates, wells fargo
Advantages of Getting a Fixed Rate Term for Your Mortgage
July 3rd, 2010 by Mortgage Writer
Buying the house that you had always dreamed of is usually the culmination of a successful career. However, since you probably will secure a mortgage to have your dream house, the biggest consideration would most likely center whether you will go for a fixed rate mortgage or adjustable rate mortgage. Naturally, you would want a [...]
Tags: borrowers, financial, home loans, homebuyers, housing market, interest rates, money, mortgage loans, mortgage market, mortgage rates, real estate
U.S. housing market remains fragile despite low mortgage rates
July 2nd, 2010 by Mortgage Writer
After showing signs of a fledgling recovery from the worst downturn in decades, the U.S. housing market appears to be heading back toward the doldrums, as the expiration of a lucrative tax credit for buyers and increased uncertainty about the economy cause home sales to plummet.
The sudden weakness in residential real estate has struck nearly [...]
Tags: economic growth, home sales, housing market, interest rates, mortgage payments, mortgage rates, real estate, tax credit, Unemployment Rate, US Economy
Mortgage delinquencies fall but foreclosures up sharply
July 1st, 2010 by Mortgage Writer
For the first time in two years, fewer homeowners are missing mortgage payments, Treasury Department regulators reported Wednesday, but foreclosures are surging as many loan-modification efforts fail.
Three years have passed since the mortgage debacle made most sub-prime and nontraditional loans unavailable, and most loans since have been “plain vanilla” fixed-rate mortgages to prime-credit borrowers. The [...]
Tags: commerce department, financial market, foreclosures, home foreclosures, homeowners, housing market, loan modifications, Mortgage Bankers Association, mortgage payments, prime loans, tax credit
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