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 ‘mortgage lending’
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...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
Mortgage rates rise slightly but remain near record lows
June 18th, 2010 by Mortgage Writer
Lenders are offering an average rate of 4.75% for a 30-year fixed mortgage, up from 4.72% last week, Freddie Mac says.
Mortgage rates rose slightly but remained near record lows this week after lenders reported the first increase in six weeks in the number of loan applications by would-be home buyers. But for the housing market, [...]
Tags: borrowers, financial, Freddie Mac, home loans, homebuyers, housing market, lenders, mortgage banker, mortgage lending, mortgage rates, real estate, tax credit
Nationwide Home Loans Fall 37% on Contracting British Market
May 26th, 2010 by Mortgage Writer
Nationwide Building Society, the U.K.’s largest customer-owned lender, said gross residential mortgage lending dropped 37 percent to 12 billion pounds ($17.2 billion) in the last fiscal year as housing transactions slumped.
British house prices will be “flat” this year, the Swindon, England-based company said in a statement today. Nationwide’s residential mortgage customers repaid 3.6 billion pounds [...]
Tags: borrower, economy, financial, financial crisis, home loans, homeowners, interest rates, mortgage lenders, mortgage lending, mortgage market
Mortgage lending: tight for some
May 5th, 2010 by Mortgage Writer
Today’s figures from the Bank of England show that mortgage lending is still very depressed. In March net mortgage lending, at a mere £318m, was actually lower than unsecured lending (£325m). This is only the fourth month this has happened since records began in 1993. In 2006-07, mortgage lending averaged £9.13bn a month, eight times [...]
Tags: Bank of England, economy, financial, global economy, home loans, homebuyers, lenders, money, mortgage, mortgage lending
U.S. Role in Mortgage Market Grows Even Larger
May 3rd, 2010 by Mortgage Writer
The U.S. government’s massive share of the nation’s mortgage market grew even larger during the first quarter.
Government-related entities backed 96.5% of all home loans during the first quarter, up from 90% in 2009, according to Inside Mortgage Finance. The increase was driven by a jump in the share of loans backed by Fannie Mae and [...]
Tags: banks, business, economy, fannie mae, financial, Freddie Mac, mortgage finance, mortgage lending, mortgage loan, mortgage market, The Federal Housing Administration
Seasonal Slowdown Sees Mortgage Lending Fall
December 18th, 2009 by Mortgage Writer
Mortgage lending fell by 10% in November as the market experienced its traditional seasonal slowdown, the latest figures have shown.
A total of £12 billion was advanced during the month, down from £13.3 billion in October and 14% less than in November last year, according to the Council of Mortgage Lenders (CML).
The group said a modest [...]
Tags: Council of Mortgage Lenders, mortgage, mortgage lending, mortgage rates
Mortgage lending up by 20%
December 15th, 2009 by Mortgage Writer
Mortgage lending has increased but repossessions are also back on the up, according to new data released today by the FSA.
New loans being issued totalled £40 billion in the three months up to September 2009, an increase of 20 per cent on the previous quarter, the FSA’s statistic reveal.
However, this was still lower than the [...]
Tags: borrowers, homeowners, lenders, loans, mortgage, mortgage lenders, mortgage lending
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