Archive for May, 2014


Freddie Mac: Mortgage rates down again; 30-year averaging 4.12%

Fixed mortgage rates declined for the fifth straight week, with Freddie Mac reporting that lenders were offering 30-year home loans at an average of 4.12%, down from 4.14% a week earlier. The average offering rate for a 15-year fixed loan fell to 3.21% from 3.25%, Freddie Mac said in its weekly report, released Thursday morning. […]

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Fitch Rates Maryland-National Capital Park & Planning Commission's GOs `AAA'

NEW YORK–(BUSINESS WIRE)– Fitch Ratings assigns an ‘AAA’ rating to the following Maryland-National Capital Parks and Planning Commission (MNCPCC) bonds: –$14 million Montgomery County GO Park acquisition and development project bonds, series MC-2014A. Proceeds of the bonds will be used to fund park acquisition and development projects in Montgomery County (the county), Maryland. The bonds […]

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Falling Cost of Mortgages Helps Offset Rising Cost of Homes

Freddie Mac this morning released its weekly update on national mortgage rates, showing continued modest declines in interest rates, nearly across the board. Both 30-year fixed-rate mortgages, or FRMs, and 15-year FRMs got cheaper over the past seven days, with 30-year FRMs slipping two basis points to 4.12% and 15-year FRMs dropping four basis points […]

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Housing Is Perking Up, But Realtors Worry About Young Buyers

iStockphoto The U.S. housing market is strengthening after a tough winter, according to economists at a Realtors convention in Washington. But even as the short-term outlook brightens, they remain worried about a long-term problem with “missing” young buyers. “There really are serious issues in the first-time-buyer market,” Eric Belsky, managing director of Harvard’s Joint Center of Housing […]

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Pending home sales rose but still let down builders like Ryland

Pending home sales are a forward indicator of residential real estate sales The Pending Home Sales Index is put out by the National Association of Realtors (the NAR). It tracks the number of home sales under contract. This tends to lead the actual home sales data by a few months. Home sales data is an […]

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Lenders easing rules to help borrowers land jumbo mortgages

More borrowers are able to obtain jumbo loans Lenders are loosening the rules when it comes to giving out jumbo mortgages, or home loans that total $417,000 or higher. Traditionally, such loans are only offered to the most creditworthy of borrowers. But now, jumbo mortgages are being approved for borrowers who likely would not have […]

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Fannie Mae to negotiate short-sale offers directly with real estate agents

Mortgage giant Fannie Mae says it wants to hear from real estate agents sooner when they run into obstacles that can derail short sales, and is implementing a system that will soon give it the ability to negotiate offers directly with agents. HomePath for Short Sales, Fannie’s Mae’s portal for listing agents involved in short […]

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This chart shows the latest Freddie Mac delinquency rates

Freddie Mac’s delinquency rate for its single-family portfolio is down 26.1% year-over-year, continuing a downward trend over the past year. This is down 2.3% month-over-month, according to Compass Point Research Trading. The April 2014 single-family delinquency rate came in at 2.15%, a drop from 2.20% in March, and significantly down from 2.91% in April 2013. […]

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Freddie Mac: Mortgage rates down again; 30-year averaging 4.12%

Fixed mortgage rates declined for the fifth straight week, with Freddie Mac reporting that lenders were offering 30-year home loans at an average of 4.12%, down from 4.14% a week earlier. The average offering rate for a 15-year fixed loan fell to 3.21% from 3.25%, Freddie Mac said in its weekly report, released Thursday morning. […]

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Freddie Mac: Many of the nation’s housing markets are stalling

The recovery remains underway. (Reuters/Kevin Lamarque) The bad news keeps piling up on the housing front, this time with glum statistics from mortgage giant Freddie Mac, which declared Wednesday that many of the nation’s housing markets are stalling. The third installment of Freddie’s “Multi-Indicator Market Index” (or MiMi), which sizes up homebuying activity and other […]

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