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.
Mortgage giants Fannie Mae and Freddie Mac can’t continue in their current form
Monday, March 14th, 2011Left out of the financial reform bill recently passed by Congress was a plan for dealing with the moribund mortgage giants Fannie Mae and Freddie Mac, seized by the government nearly two years ago.
Extended foreclosure freeze could add pressure on housing market
Sunday, March 13th, 2011An extended halt of foreclosure proceedings could put additional pressure on an already strained housing market as federal and state officials press banks for answers on possible problems with mortgage paperwork.