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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...
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Mortgage interest rates increased during the week ended March 13, in some cases more than wiping out the substantial declines reported for the week ended March 6. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) had an average rate of 6.13 percent, an increase...
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It was nice while it lasted but mortgage rates last week reversed a four week downward trend and made up much of the ground they lost a week earlier. However, they still remained well below where they were at the end of 2007 when the four-week slide began. Freddie Mac's Primary Mortgage Market Survey...
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Freddie Mac has just released the results of its 24th Annual adjustable rate mortgage (ARM) Survey . The survey, a snapshot of the market taken during the week of December 17 to December 21 based on data from 112 ARM lenders, found that starting rates for ARMs had changed little since the 2006 survey...
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Lets congratulate the Bush administration, the Federal Reserve and the democrat controlled Congress. It looks like they have come up with a breakthrough approach to problem solving that may finally end the world's problems once and for all. The breakthrough came with the idea to freeze ARM rates so that...
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Mortgage interest rates took a jump upward during the week ended December 13 and December 14 according to information released by Freddie Mac and the Mortgage Bankers Association respectively. Freddie Mac's Primary Mortgage Market Survey reported that the average rate for a 30-year fixed-rate mortgage...
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Plenty of people, including Matthew Graham, MortgageNewsDaily's op-ed columnist, are talking about the practical realities of freezing a mortgage rate adjustment under the plan President Bush announced last week. After reflecting I would like to raise some objections of my own and/or reflect comments...
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Several hours before President Bush announced the details of his administrations plans to assist homeowners who are facing foreclosure the Mortgage Bankers Association released its delinquency survey for the third quarter. The survey showed that the number of loans in the foreclosure process and the...
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If you don't have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets . The severity of the situation has created a sort of panic that has paralyzed the consumer. Rather than deal with any aspect of the problem, we wait for someone...
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MSNBC, Reuters, and The Wall Street Journal were reporting early Friday that the United States Treasury is about to announce a plan to help some subprime borrowers save their homes from foreclosure. The plan apparently involves an agreement between the Treasury and leaders of the mortgage industry to...
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What a fascinating and tumultuous time is upon us! Both the housing and the mortgage market are convulsing wildly! There are so many facets to the "big picture" that I would never presume have all the answers, so the following disclaimer is in order: I am a mortgage broker and the following is my opinion...
Posted to
MND NewsWire
by
Glenn Setzer
on
Thu, Nov 1 2007
Filed under:
Filed under: housing bubble, home builders, home prices, Freddie Mac, adjustable rate mortgage, Fannie Mae, Conforming Loan, lending standards, mortgage lenders, home equity, underwriting, mortgage backed security, alternative loans, credit rating, real estate boom
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The Mortgage Bankers Association (MBA) National Delinquency Survey released results on mortgage delinquencies and foreclosures for the second quarter of 2007 yesterday. At the end of the quarter 5.12 percent of all mortgage loans for one-to-four-units residential properties were delinquent. This is 73...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Sep 7 2007
Filed under:
Filed under: adjustable rate mortgage, Mortgage Bankers Association, mortgage meltdown, subprime loans, foreclosure, doug duncan, rate reset, national delinquency survey, delinquent payments, home prices, fixed rate mortgage, fha loans
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In perhaps the only good news in the mortgage and real estate worlds this week, both long and short term interest rates for the week ended July 19 barely budged from their positions a week earlier. With hedge funds that had heavily invested in residential mortgage-backed securities literally bleeding...
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According to the Freddie Mac Primary Mortgage Market Survey for the previous week, long term interest rates were down for the third week in a row. However, the Weekly Mortgage Market Survey released by the Mortgage Bankers Association reported quite the opposite results with rates up sharply from a week...
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Mortgage rates decreased for the second week in a row according to the results of Freddie Mac's Primary Mortgage Market Survey for the previous week. The 30-year fixed-rate mortgage (FRM) decreased from 6.69 percent with 0.5 point to 6.67 percent with 0.4 point. One year ago the 30-year FRM averaged...