Today the thirty-year fixed rate mortgage (FRM) is averaging an interest rate of about 4.50%, this is down from most of last week when the thirty-year FRM averaged at 4.625%. The current mortgage rates being offered by America’s leading mortgage servicers continue to remain around fifty-year lows.
The fifteen-year FRM is currently being advertised at about [...]
Posts Tagged ‘interest rate’
Daily Mortgage Rates
July 19th, 2010 by Mortgage Writer
Tags: economic recovery, FHA, fixed rates, homebuyers, housing market, interest rate, lenders, loan, loans, mortgage lenders, mortgage lending, mortgage rates, mortgages, real estate
more...Oh, Canada! What We Could Learn From Your Mortgage Market
June 10th, 2010 by Mortgage Writer
One of the biggest rounds of applause at a housing-policy conference sponsored by the Federal Reserve Bank of Cleveland this week was for Virginie Traclet, a soft-spoken researcher from the Bank of Canada. All the French-born Ms. Traclet had to do was describe Canada’s mortgage market.
To start with, interest on mortgage debt isn’t tax deductible [...]
Tags: borrowers, fannie mae, federal reserve, financial, Freddie Mac, interest rate, mortgage debt, mortgage loans, mortgage market, subprime loans, treasurys
Few mortgages permanently modified
November 30th, 2009 by Mortgage Writer
In October 2008, JPMorgan Chase & Co. shaved 25 percent off Rick Mullen’s mortgage payment by lowering his interest rate, helping him to stay in his Valencia, Calif., home despite a downturn in his small business refurbishing large shipments of damaged shoes.
More than a year later, Mullen is grateful but frustrated, he says, because Chase [...]
Tags: bank of america, borrowers, foreclosure, interest rate, lenders, loan, Mortgage Bankers Association, mortgage payment, Obama, small business, Treasury's Office of Homeownership Preservation
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