Mortgage rates declined again this week, with many reaching the lowest levels in years, according to Freddie Mac’s weekly survey of mortgage rates.
They have followed U.S. Treasury yields lower over the past several weeks as investor concern builds about Europe’s economic future. The benchmark 10-year yield touched a 5 1/2-month low Thursday.
Freddie Mac Chief Economist [...]
Posts Tagged ‘mortgage rates’
Mortgage Rates Continue Slide
May 21st, 2010 by Mortgage Writer
Tags: economic recovery, economy, european stocks, financial, Freddie Mac, global economy, interest rates, investors, mortgage market, mortgage rates, treasurys, US Economy
more...Most Mortgage Rates Hit Lowest Levels In Years -Freddie
May 20th, 2010 by Mortgage Writer
Mortgage rates declined again this week, deepening from last week’s levels that were already the lowest of 2010, with many reaching the lowest levels in years, according to Freddie Mac’s (FRE) weekly survey of mortgage rates.
They have followed U.S. Treasury yields lower the past several weeks as investor concern builds about Europe’s economic future. The [...]
Tags: banks, business, economic recovery, economy, europe, financial, Freddie Mac, investors, mortgage, mortgage rates, treasury
Mortgage Default Rates Lower as Consumers Choose Property Over Plastic
May 19th, 2010 by Mortgage Writer
The monthly default rates for first and second mortgages fell in April, but climbed for bank card loans for the third consecutive month, according to the latest data from credit-rating agency Standard & Poor’s and national credit bureau Experian.
Defaulting balances of bank card loans rose to 9.1% in April, from 8.9% in March and from [...]
Tags: banks, borrowers, business, economy, financial, housing market, interest rates, investors, loans, mortgage lenders, mortgage rates, stock markets, US Economy
Greece’s debt crisis pushes down mortgage rates here
May 18th, 2010 by Mortgage Writer
Many consumers may not be able to take advantage.
Blame Greece’s debt crisis for contributing to the recent drop in your stock portfolio, but give it credit for something that could benefit consumers: lower mortgage rates.
Last week, rates on fixed-rate mortgages fell to their lowest level this year, while rates on adjustable-rate loans dipped to a [...]
Tags: economic recovery, economy, federal reserve, financial, financial crisis, Freddie Mac, interest rates, investors, mortgage, mortgage rates, US Economy
Mortgage Advance Boost For First-Time Buyers
May 17th, 2010 by Mortgage Writer
Housing market activity gained pace in March as the number of mortgages offered to home buyers rose by 25%.
Around 45,000 mortgages were granted for house purchase during the month, up from 36,000 in February, according to the Council of Mortgage Lenders (CML).
The value of the loans offered in March added up to £6.3bn - a [...]
Tags: economic recovery, economy, financial, home loans, homebuyers, housing market, mortgage, mortgage lenders, mortgage rates, mortgages, US Economy
Hung Parliament Means Fix Mortgage Rate Now!
May 15th, 2010 by Mortgage Writer
Despite a small recovery in the housing market over the months prior to the general election, many industry experts are warning of a sharp halt to this as a result of a hung Parliament. A decisive result either way would have been a much better result for the property market as there would be more [...]
Tags: business, economic recovery, economy, financial, homebuyers, housing market, investors, money, mortgage, mortgage market, mortgage rates, sellers, US Economy
Housing Won’t Be Derailed by End of U.S. Tax Credit, Agents Say
May 1st, 2010 by Mortgage Writer
The expiration of a government tax credit yesterday may slow, rather than derail, a budding rebound in U.S. home sales being fueled by the drop property values, according to real-estate executives.
“The meat and potatoes about the housing recovery and the reason to get out and buy a house now is affordability,” Jeffrey Detwiler, president and [...]
Tags: commerce department, economy, financial, money, mortgage market, mortgage rates, real estate, tax credit, US Economy
UK housing market then and now
April 30th, 2010 by Mortgage Writer
In April, the year-on-year increase in house prices returned to double figures for the first time since June 2007, the Nationwide Building Society has said.
So is the housing market back to where it was in the summer of 2007?
Far from it, according to estate agents and mortgage brokers.
They say that the picture for buyers, sellers [...]
Tags: borrowers, buyers, financial, interest rates, market value, mortgage, mortgage brokers, mortgage rates
Mortgage Fraud Rises For Fifth Consecutive Year
April 27th, 2010 by Mortgage Writer
Mortgage fraud increased in the U.S. for the fifth consecutive year, according to the Appraisal Institute. The institute, an organization of 25,000 real estate appraisers, reported a 7% increase in fraud reports from 2008 to 2009. The increase was sizable but much smaller than the 20%-plus jumps the market saw each year from 2005 to [...]
Tags: banks, financial, mortgage, mortgage rates, mortgages, news, US Economy
Sales of new homes rocketed up 27 percent in March
April 24th, 2010 by Mortgage Writer
Sales of newly built homes shot up 27 percent in March — the largest monthly gain in nearly five decades — as mild weather and a lucrative tax credit pumped up demand for homes in all four regions of the country, according to federal data released Friday.
The Commerce Department reported that new-home sales jumped to [...]
Tags: commerce department, economic recovery, economy, homes available for sale, mortgage, mortgage rates, US Economy
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