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...
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...
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...
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...
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...
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...
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...
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...
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...
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...