The federal government’s takeover of Fannie Mae and Freddie Mac sent mortgage rates tumbling in California, raising hopes that the state’s severely ailing housing market will get a boost.
After the federal action Sunday, consumers with outstanding credit Monday were offered rates as low as 5.375 percent on 30-year fixed mortgages, said Cathy Warshawsky, president of [...]
WASHINGTON — Home mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac’s chief economist said.
The 30-year fixed-rate mortgage averaged 6.35% in the week ended Sept. 4, down from 6.40% last week and 6.46% a year ago, according to Freddie Mac’s weekly survey. Fifteen-year fixed-rate mortgages averaged 5.90% this week, [...]
MADRID — Spanish home sales and new mortgage approvals fell sharply again in June, signaling continued pressure on Spain’s once-flourishing home-building industry that fed the country’s decadelong economic boom.
Home sales fell at an annual rate of 29.6% in June, while the number of new mortgages fell 37.7%, data released Thursday by Spain’s National Statistics Institute, [...]
Rates on 30-year mortgages fell slightly this week to the lowest level since mid-July.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.47 percent this week, down from 6.52 percent, which had been the rate for the previous three weeks. The new rate was the lowest since the week of July [...]
Rates on 30-year mortgages remained at the same level for a third week while rates on other types of home loans posted small declines.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent this week. That was the same rate as the two previous weeks and represented the second highest rate [...]
Fewer applicants sought mortgages last week, with the volume of applications down a seasonally adjusted 1.5% compared with the last week of July, the Mortgage Bankers Association reported on Wednesday.
Existing home sales are expected to begin stabilizing late this year, but the housing market is still years away from recovering, analysts said Monday.
Analysts with Stifel, Nicolaus & Co. said they expect the pace of existing home sales to flatten out in the 4.7 million to 5.1 million range for the next 18 months. But [...]
WASHINGTON – Aug. 1, 2008 – Rates on 30-year mortgages, which shot up last week to the highest level in nearly a year, dropped slightly this week following passage of a housing rescue bill.
Freddie Mac reported Thursday that the nationwide average for 30-year mortgages dipped to 6.52 percent this week, down from 6.63 percent last [...]
WASHINGTON – July 18, 2008 – Mortgage rates fell this week with 30-year mortgage rates dropping to the lowest level in six weeks as investors became less worried that the Federal Reserve would soon tighten credit policy to stall inflation.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.26 percent this week.
That [...]
Applications filed for mortgages fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans, the Mortgage Bankers Association reported on Wednesday.
Compared against the same week in 2007, applications dropped an unadjusted 30.3%, according to the Washington-based MBA’s latest survey. It covers about half of all U.S. retail residential [...]