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Tag Archives: interest rates
Mortgage Rates Inch Up
McLean, VA – Freddie Mac (NYSE:FRE) released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, up slightly from last week when it averaged 4.96 percent. Last year at this time, the 30-year [...]
Posted in Uncategorized Also tagged 30-year, fixed rate, Freddie Mac, mortgage, mortgage rates Leave a comment
Existing-Home Sales Down Sharply
Existing-home sales fell in January but are above year-ago levels, according to the National Association of Realtors®. Existing-home sales – including single-family, townhomes, condominiums and co-ops – dropped 7.2 percent to a seasonally adjusted annual rate1 of 5.05 million units in January from a revised 5.44 million in December, but remain 11.5 percent above the [...]
Posted in Uncategorized Also tagged 30 year fixed, existing homes, houses, mortages, points, Realtor, sales Leave a comment
Mortgages: Conventional Loans
Talk to your lender about specific loss mitigation options. Work directly with him or her to request a “workout packet.” A secondary lender, like Fannie Mae or Freddie Mac, may have purchased your loan. Your lender can follow the appropriate guidelines set by Fannie or Freddie to determine the best option for your situation. Fannie [...]
Posted in Uncategorized Also tagged adjustable rate, conventional mortgage, fixed rate, home, house, loan limits, mortgage, real estate Leave a comment
Interest Rates: Federal Reserve Auction Yields .25% Rate
by Widgette.com On January 26, 2009, the Federal Reserve conducted an auction of $150 billion in 84-day credit through its Term Auction Facility. Following are the results of the auction: Stop-out rate: 0.250 percent Total propositions submitted: $136.051 billion Total propositions accepted: $136.051 billion Bid/cover ratio: 0.91 Number of bidders: 102 The awarded loans will [...]
The Future Of Housing