MND NewsWire : Freddie Mac

FHFA: Delinquencies Still on Rise; GSEs reducing Portfolio Risk

Jann Swanson — Mon, 05 Oct 2009 15:27:41 GMT

While delinquencies are still on the rise reflecting a continued weak economy and rising unemployment, Fannie Mae and Freddie Mac are also increasing the activity of the HAMP program. At the same time the GSEs are looking to the credit-worthiness of new loans coming into their portfolios. ...(read more)

Fed Providing Plenty of Liquidity To Mortgage Market

Adam Quinones — Thu, 20 Aug 2009 20:27:00 GMT

The Fed's daily purchase average was $5.00 billion per day, an increase from last week's daily average of $4.08 billion per day. This is twice the amount of average daily originator selling, illustrating that the Federal Reserve continues to provide ample liquidity to mortgage bankers looking to hedge their pipelines of committed and uncommitted loans....(read more)

Fannie and Freddie Release Weekly Rate Summaries

Jann Swanson — Thu, 06 Aug 2009 17:53:00 GMT

After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage Market Survey released on Thursday. Fannie Mae rates also decreased during the week. ...(read more)

Freddie Mac Weekly Summary: Slight Increases in Mortgage Rates

Jann Swanson — Thu, 23 Jul 2009 16:34:00 GMT

Home buyers and refinancers waiting and hoping for a return of record low rates suffered a setback this week as fixed rates reversed a three-week downward trend. Only the short-term adjustable rate mortgage was lower than the previous week. ...(read more)

Freddie Mac Weekly Rates Decline in Response to Economic News

Jann Swanson — Thu, 09 Jul 2009 16:00:49 GMT

Mortgage interest rates dropped again this week according to the results of Freddie Mac’s Primary Mortgage Market Survey for the week ended July 9. 30-year fixed-rate mortgages (FRM) had an average rate for the week of 5.20 percent with 0.7 point, down from the previous week when it averaged 5.32 percent with 0.7 point. This is the lowest rate for the 30-year mortgage since the week ended May 28 when the average was 4.91 percent. ...(read more)

Freddie Mac: Inflation Data Sends Rates into Retreat

Jann Swanson — Thu, 18 Jun 2009 21:39:32 GMT

Freddie Mac's Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in all mortgage products although they are still above the record low territory of late spring. The 30-year fixed rate mortgage (FRM) dropped to 5.38 percent with 0.7 point from the average of 5.59 percent with 0.7 point reported last week after three consecutive weeks of increases left the average of 4.82 percent reported on May 21 in the dust. The 15-year FRM averaged 4.89 percent compared to...(read more)

Freddie Mac: Rates Rise to Highest Levels of Year

Jann Swanson — Thu, 11 Jun 2009 17:38:50 GMT

Interest rates continued to increase during the week ended June 11 according to results of Freddie Mac’s weekly Primary Mortgage Market Survey released this morning. Three of the four average rates tracked by the survey were the highest of the current year. According to the survey the 30-year fixed-rate mortgage (FRM) jumped to an average of 5.59 percent with 0.7 point. One week ago the average rate was 5.29 percent with 0.7 point. This is the highest average rate for the 30-year FRM since...(read more)

Freddie Mac Survey: Rates Take Big Jump

Jann Swanson — Thu, 04 Jun 2009 17:52:15 GMT

After months of low rates some of which broke long-time records, mortgage interest rates shot up drastically during the week ended June 4. Freddie Mac released the results of its Primary Mortgage Market survey this morning, showing that the 30-year fixed-rate mortgage (FRM) for the week averaged 5.29 percent with 0.7 point. This is the highest rate for the 30-year FRM since the week ended December 18, 2008 when the average was 5.19 percent. The new number is an increase of 37 basis points over last...(read more)

Long Term Rates Rise in Latest Freddie Mac Survey

Jann Swanson — Thu, 28 May 2009 19:17:11 GMT

Mortgage rates increased during the week ended May 28 according to the results of Freddie Mac's Primary Mortgage Market Survey . The average rate for the 30-year fixed-rate mortgage (FRM) jumped from 4.82 percent with 0.7 point during the week ended May 21 to 4.91 percent with 0.7 point this week. This is the highest average for this product since the week ended March 19 when it was at 4.98 percent. The 15-yer FRM was up slightly to 4.53 percent with 0.7 point from 4.50 percent also with 0.7...(read more)

Surveys Show Easing of Mortgage Rates

Jann Swanson — Thu, 21 May 2009 15:06:45 GMT

Long term mortgages rates declined slightly last week although none reached the record lows that were established a few weeks ago According to results of Freddie Mac’s weekly Primary Mortgage Market Survey for the period ended May 21, the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with 0.7 point compared to 4.86 percent with 0.6 point a week earlier. The 15-year FRM carried an average rate of 4.50 percent with 0.7 point. Last week the average rate was 4.52 percent with 0.6 point...(read more)

Freddie Mac Rates Rise on Positive News

Jann Swanson — Thu, 07 May 2009 15:09:00 GMT

Buoyed by a spate of good economic news, mortgage interest rates rose slightly from the record low territory of the last few weeks according to results of Freddie Mac's weekly survey . The Primary Mortgage Market Survey released this morning reports that the 30-year fixed-rate mortgage (FRM) rose to 4.84 percent during the week ended May 7. This was an increase of six basis points from the previous week's average of 4.78 percent which had tied the record for the lowest rate since Freddie...(read more)

Rates Stay in Record Territory

Jann Swanson — Thu, 30 Apr 2009 14:55:54 GMT

Long-term mortgages reclaimed record low status this week as the 30-year fixed rate mortgage (FRM) dropped to 4.78 percent. This ties the record that was set on April 7 as the lowest interest rate recorded by Freddie Mac's Primary Mortgage Market Survey since it was started in 1970. One week ago the survey reported the 30-year average at 4.80. Fees and points both weeks averaged 0.7 point. The 15-year FRM remained at the record breaking level of 4.48 percent for the third successive week, the...(read more)

Rates Reverse Four Week Decline

Jann Swanson — Thu, 09 Apr 2009 17:47:45 GMT

Mortgage rates rose slightly during the week ended April 9, ending a two week run of record lows but still staying comfortably under 5 percent. According to Freddie Mac's Primary Mortgage Market Survey , the 30-year fixed-rate mortgage (FRM) averaged 4.87 percent with 0.7 point, up from the new record of 4.78 percent with 0.7 point established last week. The 15-year FRM averaged 4.54 percent, up two basis points from the previous week which had also set a new record. Fees and points averaged...(read more)

Freddie PMMS Shows Another Record Low Rates

Jann Swanson — Thu, 26 Mar 2009 18:39:46 GMT

For the third time in 2009 mortgage interest rates hit a new record low according to results of Freddie Mac's Primary Mortgage Market Survey released this morning. During the week ended March 26 the 30-year fixed-rate mortgage (FRM) averaged 4.85 percent. This is the lowest level the 30-year has achieved in the lifetime of Freddie Mac's survey which began in 1971. The rate was 13 basis points below the average rate for the week ended March 19. Fees and points were unchanged at 0.7. The 30...(read more)

Now Fannie Announces Bonuses

Jann Swanson — Wed, 18 Mar 2009 21:20:29 GMT

Under the category of "Some People Never Learn," both Freddie Mac and Fannie Mae are reportedly planning on paying huge bonuses to key executives this year in order to retain their services. The Associated Press is reported that Fannie Mae will pay $611,000 to Michael Williams, chief operating officer and executive vice president, as a retention award in addition to his $676,000 base salary. Fannie's deputy chief financial officer David Hisey will get $517,000 on top of his $385,000...(read more)