Sep. 2, 2010 at 10:26 a.m.
Filed under:
Economy,
Mortgages,
Real estate,
Updated
By Reuters
A woman fills out a form to receive more information after touring a new home for sale in St. Louis, Aug. 25, 2010. Mortgage rates continue to drop. (AP Photo/Jeff Roberson)
U.S. mortgage rates fell in the past week to the latest in a series of record lows as yields on government debt dropped, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Rock-bottom rates offer a glimmer of hope for a housing market that has failed to find footing in the aftermath of the expiration of popular home buyer tax credits.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.32 percent for the week ended September 2, down from the previous week’s 4.36 percent and its year-ago level of 5.08 percent, according to the survey. Get the full story »
Aug. 26, 2010 at 9:40 a.m.
Filed under:
Economy,
Housing,
Mortgages,
Real estate
By Reuters
A home for sale in Kildeer, Ill. (Scott Olson/Getty Images)
U.S. mortgage rates fell in the latest week to the lowest on record and posted their ninth drop in the last ten weeks, Freddie Mac said on Thursday. Get the full story »
Aug. 17, 2010 at 11:11 a.m.
Filed under:
Banking,
Mortgages,
Policy,
Politics
By Associated Press
The Obama administration invited banking executives Tuesday to offer advice on changing the government’s role in the mortgage market. Their response: stay big.
While the executives disagreed on the exact level of support needed, the group overwhelmingly advocated the government should maintain a large role propping up the nearly $11 trillion market.
July 29, 2010 at 4:09 p.m.
Filed under:
Government,
Mortgages
By Reuters
Fixed U.S. mortgage rates set record lows last week for the sixth straight week, keeping affordability high for borrowers who can get loans, home funding company Freddie Mac said Thursday.
Refinancing has picked up steam but the pace remains well below last year’s peaks when rates were similarly low. Get the full story »
July 22, 2010 at 9:07 a.m.
Filed under:
Mortgages
By Reuters
U.S. 30- and 15-year mortgage rates fell to fresh lows in the past week amid concerns about the state of the economic recovery, according to a survey released on Thursday by Freddie Mac, the second-largest U.S. mortgage finance company.
Interest rates on U.S. 30-year fixed-rate mortgages, the most widely used loan, averaged 4.56 percent for the week ended July 22, down from the previous week’s 4.57 percent and its year-ago level of 5.20 percent, according to the survey. Get the full story »
July 20, 2010 at 12:30 p.m.
Filed under:
Banking,
Housing,
Mortgages,
Policy,
Politics,
Real estate
By Mary Ellen Podmolik
Only four of the eight largest mortgage servicers have committed to participate in a government-sponsored, yet voluntary, program designed to aid troubled homeowners with second mortgages, new data released Tuesday shows.
Of the four servicers participating in the second lien modification program — Bank of America, CitiMortgage, JPMorgan Chase and Wells Fargo Bank — only Bank of America and Chase were “operationally ready” and extending modification offers to consumers this spring, the Treasury Department said Tuesday. Get the full story »
July 15, 2010 at 10:18 a.m.
Filed under:
Mortgages
By Reuters
U.S. 30-year fixed mortgage rates held at record lows last week, while shorter-term borrowing costs hovered at or near all-time lows, home funding company Freddie Mac said Thursday. The 30-year mortgage rate stayed at 4.57 percent for the week ended July 15, matching the prior’s week’s all-time low in Freddie Mac records dating back to 1971. Get the full story »
June 24, 2010 at 1:21 p.m.
Filed under:
Economy,
Government,
Mortgages
By Dow Jones Newswires
Mortgage rates fell slightly the past week, with three of the four rates Freddie Mac (FRE) tracks — including the 30-year fixed — at record lows, according to Freddie’s weekly survey of mortgage rates.
The rates on all but 1-year adjustable-rate mortgages hit the lowest point since Freddie began tracking them — 1971 for the 30-year loans, 1991 for 15-year fixed and 2005 for 5-year adjustables. The 1-year set yet another 6-year low in the latest week. Get the full story »
