Rates on 30-year fixed mortgages fall below 5 percent, still above this year's record lowOctober 1st, 2009 Mortgages rates dip below 5 percentMcLEAN, Va. — Rates on 30-year home loans dropped below 5 percent for the first time in four months, but still remained above this year's record low, Freddie Mac said Thursday.
FDIC urges buyers of failed banks to offer temporary mortgage aid for unemployed borrowersSeptember 11th, 2009 FDIC urges mortgage help for unemployedWASHINGTON — The Federal Deposit Insurance Corp. is encouraging companies that buy failed banks with troubled home loans to extend temporary help to people who have lost their jobs and can't pay their mortgage bills.
Freddie Mac: Rates on 30-year fixed mortgages down, still above spring's all-time lowsSeptember 3rd, 2009 Mortgage rates edge down, still above record lowsWASHINGTON — Rates for 30-year home loans edged down this week, remaining close to record lows reached over the spring. The average rate for a 30-year fixed mortgage was 5.08 percent, down from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday.
Industry group wants Fannie, Freddie replaced, explicit government backing for mortgage bondsSeptember 2nd, 2009 Industry group proposes replacing Fannie, FreddieWASHINGTON — A mortgage industry group wants Fannie Mae and Freddie Mac replaced with private companies that would be able to issue mortgage bonds formally backed by the federal government. The Mortgage Bankers Association's proposal, released Wednesday, offers a detailed plan for how to restructure the U.S.
Rates on 30-year mortgages hit lowest point since late MayAugust 20th, 2009 Mortgage rates lowest since late MayMcLEAN, Va. — Average rates on 30-year mortgages slid to the lowest levels since May this week, Freddie Mac said.
Obama administration official says housing agency's Lockhart to step down; successor uncertainAugust 5th, 2009 Housing agency chief Lockhart to step downWASHINGTON — The head of the federal agency that regulates mortgage finance companies Fannie Mae and Freddie Mac is planning to step down by the end of the month. A replacement hasn't been named for James Lockhart, director of the Federal Housing Finance Agency, according to government officials who spoke on condition of anonymity Wednesday because the announcement was not yet formal.
Mortgage rates climb back after 3-straight weekly declinesJuly 23rd, 2009 Mortgage rates rise after falling for 3 weeksWASHINGTON — Rates for 30-year mortgages have edged up after falling for three-consecutive weeks. The average rate for a 30-year fixed mortgage this week was 5.2 percent, up from 5.14 percent a week earlier, mortgage company Freddie Mac said Thursday.
Treasury official says government prodding mortgage companies to aid more borrowersJuly 16th, 2009 Gov't stepping up pressure on mortgage companiesWASHINGTON — A government official says the Obama administration is ramping up pressure on the mortgage industry to aid more homeowners on the verge of foreclosure. Herbert Allison, the Treasury Department's assistant secretary for financial stability, says the administration is prodding mortgage companies to add more staff and beef up training as part of an effort to "improve the execution quality of loan modifications."
In written remarks prepared for delivery at a hearing of the Senate Banking Committee, Allison says 27 companies are participating in the $50 billion program, which President Barack Obama launched in March.
Rates on 30-year fixed mortgages down for 3rd-straight weekJuly 16th, 2009 Mortgage rates fall againMcCLEAN, Va. — Rates for 30-year home loans dropped for the third-straight week, inching toward a record low reached earlier this year, Freddie Mac said Thursday.
Freddie Mac: Rates on 30-year fixed mortgages highest in 7 monthsJune 11th, 2009 Mortgage rates rise againWASHINGTON — 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.
Mortgage rates rise as investors demand higher yield on government debtJune 4th, 2009 Mortgage rates above 5 pct for 1st time in 3 mosWASHINGTON — Rates on 30-year home loans surged above 5 percent for the first time in nearly three months this week as investors pushed up rates on long-term government debt, which is closely tied to mortgage rates. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages rose to 5.29 percent this week, from an average of 4.91 percent a week earlier.
Freddie Mac: Rates on 30-year fixed mortgages edge up this week, but remain below 5 pctMay 14th, 2009 Rates on 30-year mortgages up slightlyWASHINGTON — 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.
Mortgage rates inch up from record low as refinancing boom continuesMay 8th, 2009 Mortgage rates rise, shy of record lowWASHINGTON — Rates on 30-year mortgages inched up this week after matching an all-time record low a week earlier. Mortgage finance giant Freddie Mac said Thursday that average rates on 30-year fixed-rate mortgages rose to 4.84 percent this week, down from an average of 4.78 percent last week.
Freddie Mac: Rates on 30-year mortgages just above record lowsApril 23rd, 2009 Mortgage rates dip, stay above record lowsWASHINGTON — Rates on 30-year mortgages fell slightly from last week but remained just ahead of record lows posted this month, Freddie Mac said Thursday. Average rates on 30-year fixed mortgages dipped to 4.8 percent from 4.82 percent last week, Freddie Mac said.
US mortgage defaults reach record highMarch 6th, 2009 WASHINGTON - Lenders are taking back homes in the US at a record pace as families can't afford mortgage payments, a industry report said Thursday indicating the country's housing crisis deepened further at the end of last year. The Mortgage Bankers Association (MBA) said 3.3 percent of all mortgage-holders were in foreclosure at the end of 2008 - up 126 percent from a year ago - and 7.88 percent were behind on at least one monthly payment.
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