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MORTGAGE RATES

All Tags » mortgage rates » Federal Reserve » Freddie Mac (

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Fed's Kroszner Says Foreclosures to Increase in '08, Urges FHA Modernization

In order to prevent more foreclosures, Fed Governor Randall Kroszner said lenders should lower mortgage rates and reduce principal for borrowers whose home prices have dropped below their loan values. Testifying before the House Financial Services Panel on Wednesday, Kroszner urged Congress to move quickly...

Posted to MND NewsWire by Glenn Setzer on Wed, Apr 9 2008
Filed under: Filed under: mortgage rates, Freddie Mac, Fannie Mae, Federal Reserve, FHA, mortgage lenders
Cash-Out Refi's Declining in Both Numbers and Amounts

In spite of declining house prices and tightening credit, Americans are continuing to pull cash out of their homes according to Freddie Mac's Cash-Out Refinance Report for the fourth quarter of 2007, but in fewer numbers and much lower amounts than recorded even one quarter earlier. 81 percent of Freddie...

Posted to MND NewsWire by Glenn Setzer on Fri, Feb 8 2008
Filed under: Filed under: mortgage rates, Freddie Mac, Federal Reserve, home equity, jumbo mortgage, cash out refinance

Page 1 of 1 (2 items)

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Mortgage Rates:

30 Yr FRM 3.90%
|
15 Yr FRM 3.26%
|
Jumbo 30 Year Fixed 4.15%

MBS Prices:

30YR FNMA 4.5 106-17 (-0-03)
|
30YR FNMA 5.0 107-32 (-0-01)
|
30YR FNMA 5.5 108-31 (0-01)

Recent Housing Data:

Mortgage Apps -1.01%
|
Refinance Index 0.83%
|
Purchase Index -8.41%

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