Posted by R. Mak on January 10, 2010 ·
It is anticipated that US home loan rates could rise by as much as three-quarters of a percentage point as soon as April. The Federal Reserve in the US has signaled that by the end of March it will end up its mortgage bonds purchase…
Posted by R. Mak on December 20, 2009 ·
As a Christmas gift Fannie Mae has given homeowners a few more days before they get tossed on the street. No other D.C mortgage lenders have followed Fannie’s lead, but hope so…
Posted by R. Mak on December 18, 2009 ·
Yesterday Freddie Mac released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 4.94% with an average 0.7 point for the week ending…
Posted by R. Mak on December 17, 2009 ·
Homeowners having mortgages of more than $1 million are defaulting at almost twice the U.S. rate. Some of them are turning to so-called short sales in order to unload properties as stock-market losses and reduction in pay squeeze…
Posted by R. Mak on December 15, 2009 ·
Today Genworth Financial Inc., which is working as the life insurer and mortgage guarantor, said that in the middle of 2011 the business backing U.S. home loans may return to operating profit…
Posted by R. Mak on December 14, 2009 ·
The US weekly average rate for a 30-year fixed mortgage has raised up from 4.62% to 4.67%.
Posted by R. Mak on December 10, 2009 ·
Home funding company Freddie Mac said on Thursday that in the past week U.S. fixed home loan rates were at above record lows, tracking bond yields higher following surprise improvement in November employment…
Posted by R. Mak on December 9, 2009 ·
There has been a slight increase in long term mortgage rates in this week’s Mortgage Applications Survey that has been released this morning by the Mortgage Bankers Association….
Posted by R. Mak on December 3, 2009 ·
There is a record drop in mortgage rates for fixed 30-year loans, among signs that the housing market has started emerging from the worst slump since the 1930s. The rate has become as low as 4.71% for the week ended today. This has been recorded…
Posted by R. Mak on December 1, 2009 ·
According to Zillow Inc. of Seattle, Wash, the rate for 30-year fixed mortgages has dropped down seven basis points last week to 4.62%, down from 4.69% the last week…
