15-Year Mortgage Rate Falls Again: Can It Go Any Lower?
Wednesday, March 16th, 2011The average interest rate for a 15-year fixed-rate mortgage hit a new historic low on Friday — 4.20 percent, down slightly from 4.21 last week. The last time the 15-year rate was that low was August 1991, when Freddie Mac began its weekly survey.
Fannie-Freddie Fix at $160 Billion With $1 Trillion Worst Case
Wednesday, March 16th, 2011The cost of fixing Fannie Mae and Freddie Mac, the mortgage companies that last year bought or guaranteed three-quarters of all U.S. home loans, will be at least $160 billion and could grow to as much as $1 trillion after the biggest bailout in American history.
Wells Fargo Mortgage Modification Options For Lower Mortgage Payments
Wednesday, March 16th, 2011Wells Fargo homeowners may be able to obtain a mortgage modification in order to get a lower mortgage payment on their home. Many homeowners need a lower home loan payment in order to make ends meet since various individuals are still struggling financially due to a variety of economic factors.
US mortgage rates steady, 30-yr at 4.75 pct-Freddie
Wednesday, March 16th, 2011U.S. mortgage rates held steady at or near record lows in the latest week, home funding company Freddie Mac said on Thursday, with new housing data indicating market momentum is muted.
Mortgage rates rise slightly but remain near record lows
Wednesday, March 16th, 2011Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
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