Freddie Mac (OTC: FMCC) recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed-rate mortgages at or near their 60-year lows helping to drive record high homebuyer affordability. The 15-year fixed, a popular choice among refinance borrowers, averaged a new all-time record low of 3.13 percent. The survey shows that the 30-year [...]
Posts Tagged ‘home loan’
Buyers Better Hurry: Rates Reach New Lows
June 2nd, 2011
admin For the sixth straight week, fixed mortgage rates inched down, reaching new lows for 2011. The 30-year fixed-rate mortgage averaged 4.60 percent this week while the 15-year mortgage averaged 3.78 percent.
Interest rates continue to climb!
December 16th, 2010
admin Mortgage rates continued to sail higher for the fifth consecutive week, according to Freddie Mac, with the most popular mortgages inching further toward 5%.
100% USDA Loans Are Available Again!
October 29th, 2010
admin Funding for USDA 100% financing ran out a few months ago. But, it’s back! It is official as of this week….the rural housing mortgage program from the United States Department of Agriculture (USDA) is back. Yes, the same people that certify our beef at the grocery store offer a mortgage program.
Lenders Are Back In The Game
October 11th, 2010
admin The subprime mortgage crisis brought underwriting standards back into the mortgage origination process. And while the final quarter of 2009’s financial meltdown led to a sense that financing had dried up, mortgage funds are now available.
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