Freddie Mac Weekly Update: Mortgage Rates Stable
Friday, November 26
30-year fixed-rate mortgage: Averaged 4.40 percent with an average 0.8 point for the week ending November 24, 2010, up slightly from last week when it averaged 4.39 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.The 15-year fixed-rate mortgage: Averaged 3.77 percent wi...
How Does The Foreclosure Freeze Impact Housing
Wednesday, November 10
The Optimists Bank of America, JP Morgan Chase, Ally Financials GMAC mortgage division and PNC Financial, have all suspended home seizures in all 23 states where courts oversee foreclosures. Bank of America is halting foreclosures in all 50 sta...
New Mortgage Program Will Help Millions
Wednesday, November 03
By some authorities, An estimated 5.5 million homeowners facing imminent foreclosure. The Obama Administration has provided some immediate relief with the HEMA program. HEMA will use up to $3 billion TARP to make funds available for unemployed homeowners and those suffering financial distr...
National Apartment Survey: Rental Property The Better Investment
Wednesday, November 03
A Recent Survey National Real Estate Investor and Marcus & Millichap 55% of all respondents to the survey believe that now is the time to buy apartments. Owners are beginning to see improvements in vacancy rates and rent rates are rising. We are coming off a low low bottom, but there...
Freddie Mac Weekly Mortgage Update: Long-Term Mortgage Rates Rise Slightly
Sunday, October 31
30-year fixed-rate mortgage:Averaged 4.21 percent with an average 0.8 point for the week ending October 21, 2010, up from last week when it averaged 4.19 percent. Last year at this time, the 30-year FRM averaged 5.00 percent. The 15-year fixed-rate mortgage: Averaged 3.64 percent with an av...
Mortgage Bankers Weekly Update: Mortgage Applications Increase
Sunday, October 31
Mortgage Bankers Association for the week of 10/27/2010Market Composite Index:(loan application volume) increased 3.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 3.1 percent compared with the previous week. Refinance Index: ...