Americans borrowed less for the sixth consecutive month in July, fueling concerns that strained consumers will stall an economic recovery.
People shed debt by choice and by force, reflecting a combination of the thrifty attitudes and tighter lending conditions that have defined the recession. Total borrowing, which includes most consumer loans except real estate, decreased at [...]

McLEAN, Va. Aug. 21, 2009 Average rates on 30-year mortgages slid to the lowest levels since May this week, Freddie Mac said.
The average rate for a 30-year fixed-rate mortgage was 5.12 percent, down from 5.29 percent last week, Freddie Mac said. At this time last year, the average rate for 30-year fixed-rate mortgages [...]

On July 1, 2009, Federal House Finance Agency (FHFA) Director James Lockhart joined Treasury Secretary Timothy Geithner and HUD Secretary Shaun Donovan in announcing a major expansion of the Obama Administration’s Home Affordable Refinance Program for Fannie Mae and Freddie Mac loans. The change will allow current borrowers with loan-to-value (LTV) [...]

By Gregory Arzumanov M.B.
June 26, 2009 Rates for 30-year home loans edged up this week, remaining above record lows reached over the spring.
The average rate for a 30-year fixed mortgage was 5.42 percent, up from 5.38 percent a week earlier, mortgage company Freddie Mac said Thursday.
Mixed economic reports on the state of the housing [...]

WASHINGTON June 24, 2009 A growing number of American homeowners are falling into financial limbo: They’re badly behind on payments, but their banks have not yet foreclosed.
The backlog of seriously delinquent mortgages, which so far affects about 1 million borrowers, is a shadow over hopes for a rebound in the nation’s housing markets. [...]

WASHINGTON June 12, 2009 Rates for 30-year home loans jumped to the highest level in seven months this week, leading to a slowdown in refinancing activity, Freddie Mac said Thursday.
The average rate for a 30-year fixed mortgage was 5.59 percent this week, up from 5.29 percent last week, Freddie Mac said. The last [...]

WASHINGTON May 25, 2009 Rates on 30-year fixed mortgages rose slightly for the second straight week, but still remained below 5 percent, Freddie Mac said Thursday.
The average rate for a 30-year fixed mortgage was 4.86 percent, up from 4.84 percent last week. Rates have been below 5 percent for nine straight weeks. Last [...]

By Gregory A.

Mortgage Rate Trend Index
Dont expect much change in rates over the next 30 to 45 days, say mortgage experts polled by Bankrate.com this week. Only 19 percent think mortgage rates will rise; another 31 percent say rates will fall, and the remaining 50 percent expect no appreciable change.

ortgages inched up this week after [...]

WASHINGTON May 7, 2009 Trying to curb home foreclosures, the Senate voted on Wednesday to make it easier for homeowners with risky credit to switch to a lower-cost mortgage backed by the government.
The bill, passed 91-5, also would give banks a break by reducing fees they must pay for the government to insure [...]

WASHINGTON – Jan. 5, 2009 – Rates on 30-year mortgages fell to a record low for the third straight week and borrowers took advantage of the drop, sending new applications soaring.
With the Federal Reserve on the verge of pouring hundreds of billions of dollars into the devastated U.S. housing market, mortgage rates have plunged to [...]