by Stephanie Crawford | Aug 22, 2011 | Mortgage News
Freddie Mac reported on Aug. 18 that the 30-year fixed mortgage rate fell to 4.15 percent for the week from 4.32 percent the prior week, marking the lowest level since 1971. The 15-year fixed mortgage rate dropped to a new low of 3.36 percent. Joel Naroff of Naroff...
by Stephanie Crawford | Jul 5, 2011 | Mortgage News
Freddie Mac reports that more borrowers who refinance today are opting to switch from a 30-year fixed mortgage to a fixed-rate loan with a term of only 15 or 20 years. The trend, which is at a level not seen since 2004, partially is the result of a shift in attitudes...
by Stephanie Crawford | Feb 4, 2010 | Home Buyer Info, Mortgage News
Fannie Mae is extending a 3.5% closing costs incentive for buyers who purchase and close on a Fannie Mae-owned home between today and April 30, 2010. These Fannie Mae owned homes are part of a program known as HomePath – most represent FHA backed properties that...
by Stephanie Crawford | Sep 24, 2009 | Mortgage News
Home-loan rates remained near three-month lows this week and dipped even closer to the 5 percent threshold, Freddie Mac reported in its survey this past week. According to the firm, average interest on 30-year fixed loans fell to 5.04 percent from 5.07 percent a week...
