Mortgage Rates Mostly Flat; 30Yr Fixed Stays At 4.57% -Freddie
Tuesday, March 15th, 2011Mortgage 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.
Daily Mortgage Rates
Tuesday, March 15th, 2011Today 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.
Mortgage Rescue Scheme to be cut
Tuesday, March 15th, 2011The government is cutting the amount home owners can sell to the council under the Mortgage Rescue Scheme.
Fannie Mae Subpoenas May Find $30 Billion of Bad Mortgages, Analyst Says
Tuesday, March 15th, 2011Fannie Mae and Freddie Mac’s regulator may identify as much as $30 billion of debt included in mortgage bonds that the companies can force sellers to repurchase, according to Joshua Rosner, an analyst who in 2007 predicted the collapse in the market for the securities.
Wells Fargo and Bank of America Gains Profit as Mortgage Rates Drop
Monday, March 14th, 2011Two mortgage lenders giant, Bank of America and Wells Fargo, foresaw a very strong days on the NYSE as BofA was up 2.92% and Wells Fargo was up 2.96%.
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