Freddie Mac Weekly Mortgage Update: Rates Continue to Fall
Sunday, October 17
30-year fixed-rate mortgage: Averaged 4.27 percent with an average 0.8 point for the week ending October 7, 2010, down from last week when it averaged 4.32 percent. Last year at this time, the 30-year FRM averaged 4.87 percent.The 15-year fixed-rate mortgage: Averaged a record low of 3.72 pe...
Mortgage Bankers Weekly Update: Refinance Applications Jump as Rates Fall
Sunday, October 17
Mortgage Bankers Association for the week of 10/13/2010 Market Composite Index: increased 14.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 14.8 percent compared with the previous week. Refinance Index: increased 21....
Freddie Mac Weekly Update: 30-Year Mortgage Ties Low- 15 Year Sets New Record
Thursday, October 07
30-year fixed-rate mortgage: Averaged 4.32 percent with an average 0.8 point for the week ending September 30, 2010, down from last week when it averaged 4.37 percent. Last year at this time, the 30-year FRM averaged 4.94 percent. The 15-y...
Mortgage Bankers Update: Sharp Jump in Purchases Led by FHA Loans
Thursday, October 07
Mortgage Bankers Association for the week of 09/22/2010 Market Composite Index: (loan application volume) decreased 0.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased 0.3 percent compared with the previous week ...
Banks to allow local groups to buy foreclosures
Wednesday, October 06
Following on the success of the First Look program many larger banks are going to take a page from first look program. Banks will now allow local governments and nonprofits the ability to buy foreclosed homes before they are sold to private investors. The largest mortgage lenders in the coun...
Fannie Mae: First Look Gives Home Buyers An Edge
Wednesday, October 06
First Look ProgramFannie levels the fieldWhat Is It Individuals and public entities are given a period of time, generally 15 days after a property is listed at HomePath.com. Homepath is the listing site for about 190,000 properties held by the GSEs. Individuals and public entities (read non p...