Tag Archives: Freddie Mac

Fixed-Rate Mortgages Cling To Record Lows

Posted on by
Reply

A sluggish economy and investor concerns over the European debt markets left mortgage rates largely unchanged the week ending September 22, 2011.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) the week ending September 22, 2011, showing fixed-rate mortgages changing little amid sluggish economic, mixed housing data, and ongoing concerns over the European debt markets. The 30-year fixed remained unchanged at 4.09 percent, while the 15-year fixed dropped a single basis point to 3.29 percent, marking a new record low.

Continue reading →

Martgage Rates Mired In Quicksand

Posted on by
Reply

Fixed-Rate Mortgages Continue To Sink to New Record Lows

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 15, 2011. Fixed-rate mortgages remain near their 60-year lows as ongoing investor concerns over the European debt crisis keeps Treasury bond yields low. The 30-year fixed averaged 4.09 percent, a new all-time low. The 15-year fixed, a popular refinancing option, also reached a never before seen low for the week averaging 3.30 percent.

Continue reading →

Mortgage Rates: New Record Lows Again

Posted on by
Reply

Eurozone debt, weak U.S. employment reports, and Fed pessimism placed downward pressure on bond yields and pushed fixed mortgage rates to new lows this week.

Interest RatesFreddie Mac  released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 8, 2011, showing mortgage rates, both fixed and adjustable, hitting record lows amid market and employment concerns and economic uncertainty. The previous record lows for fixed mortgage rates, and the 1-year ARM, were set the week of August 18, 2011. The 5-Year ARM matched its all-time low set last week at 2.96 percent.

Continue reading →

Regulator Lawsuit: GSE’s Scammed in Housing Mortgage Debacle

Posted on by
Reply

Regulator (FHFA) — overseeing Fannie Mae and Freddie Mac — has sued 17 of the world’s biggest banks.  Claims GSE’s were duped into buying billions of sour mortgage securities.

Rat Scammer ThiefThe Federal Housing Finance Agency (FHFA), as conservator for Fannie Mae and Freddie Mac (the Government Sponsored Enterprises), today filed lawsuits against 17 financial institutions, certain of their officers and various unaffiliated lead underwriters. The suits allege violations of federal securities laws and common law in the sale of residential private-label mortgage-backed securities (PLS) to the Enterprises.

Continue reading →

Mortgage Rates Maintain Historic Lows

Posted on by
Reply

Weaker economic data reports eased upward pressure on mortgage rates this week and kept them at or near all-time record lows said Freddie Mac for week ending 9/1/11.

Interest ratesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending September 1, 2011, showing mortgage rates declining amid continued weak economic and housing data. While the 30-year fixed held steady, the 5-year ARM set a new all-time record low having fallen for the eighth consecutive week and now standing at 2.96 percent.

Continue reading →

Mortgage Rates Higher for the Week

Posted on by
Reply

Mortgage Rates Follow Bond Yields Higher for the Week

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending August 25, 2011, showing mortgage rates moving higher from the previous week’s record lows as Treasury bond yields moved higher and other housing data showed slight improvement. However, the 5-year ARM did decline to 3.07 percent thereby setting a new all-time record low. Continue reading →

Mortgage Rates Plunge To 50 Year Lows

Posted on by
1

Both fixed and adjustable mortgage rates sink to depth not seen in 50 years

Mortgages and Interest RatesFreddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending August 18, 2011, showing mortgage rates, fixed and adjustable, reaching all-time lows providing further incentive for those homeowners looking to refinance. The 30-year fixed averaged 4.15 percent, breaking the previous record low of 4.17 percent set November 11, 2010.

Continue reading →

Freddie Mac Will Pay Condo Association Dues to $1500

Posted on by
Reply

HomeSteps® Offers Condo Buyers up to $1500 for Future Association Dues for Limited Time

homesteps-logoHomeSteps, the real estate sales unit of Freddie Mac, announced “Condo Cash”, a special limited time offer that will provide eligible condominium buyers with up to $1,500 for standard condominium association dues.

Continue reading →

New HUD Portal to Display REO Properties

Posted on by
Reply

New Web-based Mapping Tool to display nearly half of U.S. Foreclosed Properties and assist communities to target NSP Funds to stabilize hard-hit neighborhoods

Foreclosure HelpThe U.S. Department of Housing and Urban Development (HUD) today launched a new web-based mapping tool for locating and displaying all foreclosed properties held by Fannie Mae, Freddie Mac and the Federal Housing Administration (FHA).  These foreclosed homes collectively account for nearly half of all real estate-owned or REO properties in the U.S.  HUD’s REO Portal intends to help local communities, homebuyers and responsible investors to acquire these properties and accelerate efforts to stabilize local housing markets.   Continue reading →

Record Lows for Mortgage Rates

Posted on by
Reply

As expected mortgage rates continued to follow the  treasury note yields down this week to record year and all-time lows.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending August 11, 2011, showing mortgage rates continuing to decline with the 30-year fixed averaging 4.32 percent marking a new low for 2011, and the 15-year fixed, 5-year ARM, and 1-year ARM averaging record lows this week.

Continue reading →

Another DC Call For GSE Foreclosure Rental Program

Posted on by
Reply

Though not original The idea is a good one and will probably do no harm. something Congress should do more often.

Senator seeks to convert  foreclosed homes into affordable rental units, to provide relief to victims of housing crisis

capitol-house-senateIn an effort to help stabilize the housing market, provide relief to those hit hardest by the housing crisis, and boost the economy, U.S. Senator Jack Reed (D-RI) urged the Federal Housing Finance Agency (FHFA) to come up with a solution that would create value at Fannie Mae and Freddie Mac by converting foreclosed homes into affordable energy efficient rentals that could be pooled together and eventually sold to investors as income producing rental properties.

Continue reading →