Posts Tagged ‘ Freddie Mac ’

30-year mortgage rates drop to five-week low

Oct 28th, 2008 | By Gregory Arzumanov | Category: Financial News

WASHINGTON – Oct. 24, 2008 – Rates on 30-year U.S. mortgages dropped sharply this week, falling to the lowest level in five weeks.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. The sharp decline pushed 30-year rates down to the lowest level since [...]



30-year mortgage rates drop to five-week low

Oct 24th, 2008 | By Gregory Arzumanov | Category: Financial News

WASHINGTON – Oct. 24, 2008 – Rates on 30-year U.S. mortgages dropped sharply this week, falling to the lowest level in five weeks.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. The sharp decline pushed 30-year rates down to the lowest level since [...]



Freddie Mac: Fixed-rate mortgages fall in latest survey

Oct 23rd, 2008 | By RT Staff | Category: Financial News

U.S. fixed-rate mortgages declined in the latest week, according to Freddie Mac’s survey released Thursday. The national average interest rate on the benchmark 30-year, fixed-rate loan averaged 6.04% in the week ending Thursday, down from last week’s 6.46% and the year-ago 6.33%. The 15-year fixed-rate loan averaged 5.72%, down from the week-ago 6.14% and the [...]



30-year mortgage rates rise to eight-week high

Oct 17th, 2008 | By Gregory Arzumanov | Category: Financial News

WASHINGTON – Oct. 17, 2008 – Rates on 30-year mortgages jumped to the highest level in eight weeks, squeezing some potential homebuyers out of the market, and reflecting how nervous lenders remain despite the massive global intervention in the credit markets.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.46 percent this week, [...]



30-year Mortgage Rate Below 6%

Oct 10th, 2008 | By RT Staff | Category: Financial News

Rates on 30-year mortgages fell below 6 percent this week, the first decline in three weeks.
Freddie Mac, the mortgage company, reported that 30-year fixed-rate mortgages averaged 5.94 percent this week, down from 6.10 percent last week.
Mortgage rates have been on a roller coaster, hitting a high for the year of 6.63 percent in late July [...]



Freddie, Fannie Cut Back Mortgage Fees

Oct 3rd, 2008 | By RT Staff | Category: Financial News

Mortgage finance companies Fannie Mae and Freddie Mac, seized by the federal government last month, are rolling back fees imposed as they struggled to shore up their finances over the past year.
Freddie Mac said Friday it would not impose a fee increase scheduled to go into effect next month. The announcement followed a similar reversal [...]



Congress weighs new regulations amid crisis

Sep 16th, 2008 | By RT Staff | Category: Financial News

A Congress criticized for being asleep at the switch while financial problems festered is eyeing tough new regulations for investment banks and a new government role in the mortgage market as Wall Street reels from another round of collapses.
Just weeks after approving a housing-rescue package designed to help homeowners avoid foreclosure and prevent further spread [...]



How to Ride the Mortgage Roller Coaster

Sep 15th, 2008 | By RT Staff | Category: Financial News

“AN UNMITIGATED DISASTER.” that’s what Jeffrey Gundlach called the subprime-mortgage sector 15 months ago — long before the credit crunch had revealed its current shape.
Gundlach, 48, has been around the mortgage block several times — he joined TCW in 1985 — so he’s not afraid to speak his mind. And proving his mettle in mortgage [...]



Bailout reshapes lending outlook

Sep 14th, 2008 | By RT Staff | Category: Financial News

The federal seizure of mortgage backers Fannie Mae and Freddie Mac on Sunday was a historic move that will affect every American community, experts say.In Loveland, the changes will be most notable in the housing and investment markets.
Freddie Mac and Fannie Mae, which guarantee or hold about half of the nations mortgage debt, have [...]



Fixed-rate mortgages under 6%; biggest weekly drop in 28 years

Sep 12th, 2008 | By RT Staff | Category: Financial News

Interest rates on U.S. 30-year, fixed-rate mortgages dropped by 0.42 percentage point in the past week, the biggest seven-day drop in more than 28 years, Freddie Mac says. The fixed rate is now at its lowest in five months.
The fall was driven by the U.S. government’s bailout of the mortgage lender and its larger counterpart, [...]