There are currently 56 blog entries related to this category.
Wednesday, May 15th, 2013 at 12:44pm. 87 Views, 0 Comments.
Saturday, May 11th, 2013 at 9:27am. 68 Views, 0 Comments.
Follow & Review Us On:Daily Real Estate News | Friday, May 10, 2013
For the first time in six weeks, fixed-rate mortgages reversed course and climbed higher this week, Freddie Mac reports in its weekly market survey.
"Fixed mortgage rates edged up following a solid employment report for April,” says Frank Nothaft, Freddie Mac’s chief economist. “The economy gained 165,000 new jobs on net last month, more than…
Wednesday, May 8th, 2013 at 1:42pm. 103 Views, 0 Comments.
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Looking at the HUD-1 can sometimes be overwhelming. We have broken it down to make it easier for you and your clients to understand how all the debits, credits, fees and charges in connection with your transaction come in to play. The Cascade Team Real Estate is here to answer your questions and keep you informed!
Saturday, May 4th, 2013 at 10:02am. 125 Views, 0 Comments.
Follow & Review Us On:Daily Real Estate News | Friday, May 03, 2013
Fixed-rate mortgages pushed lower for the fifth-consecutive week, with low mortgage rates further driving the housing recovery over the near term, says Frank Nothaft, Freddie Mac’s chief economist.
This week, the 30-year fixed-rate mortgage hovered near its all-time record low, while 15-year rates set a new record.
Freddie Mac reports the following national averages with mortgage rates for the week ending May 2, 2013:
- 30-year fixed-rate mortgages: averaged 3.35 percent, with an average 0.7 point, just shy of its 3.31 percent record set during the week of Nov. 21, 2012. A year
Saturday, April 27th, 2013 at 6:08pm. 132 Views, 0 Comments.
Follow & Review Us On:Daily Real Estate News | Friday, April 26, 2013
The 15-year fixed-rate mortgage reached a new all-time record low this week, averaging 2.61 percent, Freddie Mac reports in its weekly mortgage market survey. The 5-year adjustable-rate mortgage also reached a new record low this week of 2.58 percent.
This marked the fourth-consecutive week mortgage rates inched lower.
"The housing market is getting a boost with mortgage rates hovering at or near record lows,” says Frank Nothaft, Freddie Mac’s chief economist.
Freddie Mac reports the following national averages for mortgage rates for the week ending April…
Thursday, April 25th, 2013 at 9:54am. 96 Views, 0 Comments.
The Federal Housing Finance Agency (FHFA) granted the Home Affordable Refinance Program (HARP) a two-year extension, the agency announced Thursday.
Under the direction of FHFA, Fannie Mae and Freddie Mac’s regulator, the program will live on until December 31, 2015. Without the extension, HARP would have expired at the end of this year.
“More than 2 million homeowners have refinanced through HARP, proving it a useful tool for reducing risk,” said FHFA Acting Director Edward J. DeMarco. “We are extending the program so more underwater borrowers can benefit from lower interest rate.”
Over the years, the program has helped hundreds of thousands of deeply underwater borrowers find relief. According to FHFA’s latest report, 252,443 borrowers…
Monday, April 15th, 2013 at 12:29pm. 93 Views, 0 Comments.
The Center for Responsible Lending and the Consumers Union, two consumer advocacy organizations, are calling on national lawmakers to create a Homeowner Bill of Rights in order to prevent “unnecessary foreclosures.”
The two groups pointed out in a recent policy brief that most states continue to experience serious delinquencies at a rate of between 1 in 10 and 1 in 20 homeowners.
Additionally, “[t]he foreclosure pipeline remains significant and continues to threaten a substantial number of homeowners with the loss of their homes,” the groups said.
The Consumer Financial Protection Bureau (CFPB) has developed rules requiring loss mitigation outreach, restricting dual tracking, and specifying appeal procedures for when a homeowner’s loss…
Saturday, April 13th, 2013 at 8:05am. 166 Views, 0 Comments.
Follow & Review Us On:Daily Real Estate News | Friday, April 12, 2013
For the second consecutive week, fixed-rate mortgages edged down, providing ongoing support for the housing recovery, Freddie Mac reports in its weekly mortgage market survey. The 30-year fixed-rate mortgage averaged 3.43 percent this week, which is near its 65-year record low.
Here’s a closer look at rates for the week ending April 11:
- 30-year fixed-rate mortgages: averaged 3.43 percent, with an average 0.8 point, dropping from last week’s 3.54 percent average. A year ago at this time, 30-year rates averaged 3.88 percent.
- 15-year fixed-rate mortgages: averaged 2.65 percent, with an average 0.7 point, falling from last week’s 2.74
Thursday, April 11th, 2013 at 11:55am. 113 Views, 0 Comments.
Fixed mortgage rates plummeted this week following the release of disappointing employment data for March.
According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.43 percent (0.8 point) for the week ending April 11, down from 3.54 percent last week. A year ago, the 30-yearFRM was averaging 3.88 percent.
The 15-year FRM this week averaged 2.65 percent (0.7 point), down from 2.74 percent in the last survey.
Adjustable rates also fell, though not as drastically. The 5-year hybrid adjustable-rate mortgage (ARM) averaged 2.62 percent (0.5 point) this week from 2.65 percent last week, while the 1-year ARM average fell to 2.62 percent (0.3 point) from 2.63 percent previously.
The sharp drop…
Saturday, April 6th, 2013 at 11:34am. 185 Views, 0 Comments.
Follow & Review Us On:Daily Real Estate News | Friday, April 05, 2013
Average fixed-rate mortgages dropped this week, as the 30-year fixed-rate mortgage has hovered around 3.5 percent for the past two months, Freddie Mac reports in its weekly mortgage market survey.
Freddie Mac reports the following national averages for mortgage rates for the week ending April 4:
- 30-year fixed-rate mortgages: averaged 3.54 percent, with an average 0.8 point, dropping from last week’s 3.57 percent average. A year ago at this time, 30-year rates averaged 3.98 percent.
- 15-year fixed-rate mortgages: averaged 2.74 percent, with an average 0.7 point, dropping from last week’s 2.76 percent average. Last year at this time, 15-year