Mortgage rates stayed flat last week, rising just slightly to 5.08% from 5.04% one week earlier, according to the Mortgage Bankers Association. So far, the big rise in rates that some had expected when the Federal Reserve ended its mortgage-backed securities purchase program last month hasn’t materialized. » Read more…
Tag Archives: mortgage brokers
Mortgage Rates Stay Flat, Thanks to Greece
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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June 30 Deadline Looms for House Buyers
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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The next few weeks are crucial for home buyers who need to close on a house before the end of June to claim the federal home-buyer tax credit. A hiccup during the next month could cost a buyer thousands of dollars.
“If for some unforeseen reason you end up closing on July 1, you lose out on the tax credit,” says John T. Walsh, president of Total Mortgage Services in Milford, Conn. » Read more…
Fannie Mae Mortgage-Bond Spreads Fall to Lowest in Three Weeks
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Yields on Fannie Mae and Freddie Mac mortgage securities that guide U.S. home-loan rates fell to the lowest in three weeks relative to Treasuries, as debt investors sought safer assets. » Read more…
Could We Have Prevented Widespread Mortgage Fraud?
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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As was widely rumored last week, hundreds of people have been arrested for fraud related to mortgage schemes. The numbers are staggering. » Read more…
Mortgage rates fall to lowest level on record
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Record-low mortgage rates may spur home sales, but some say the dip isn’t enough to make a significant impact. And ccould benefit with refinancing. » Read more…