Yields on Fannie Mae and Freddie Mac mortgage securities jumped by the most relative to benchmark rates in five weeks as the Federal Reserve’s unprecedented buying of housing debt drew to a close today. » Read more…
Tag Archives: unemployment
Mortgage-Bond Yield Spreads Jump as Fed Exits Market
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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April delinquencies fall for ‘Alt-A’ mortgages
Posted by MORTGAGE BLOG NEWS on March 4, 2011
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NEW YORK — Fitch Ratings on Monday said late payments on high-risk residential mortgages known as ‘Alt-A’ loans fell last month for the first time in four years as more borrowers caught up on their payments and modified their loans. » Read more…
Mortgage rates hit all-time low, but lending activity remains quiet
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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The average rate on a 30-year fixed-rate mortgage dropped to 4.69 percent this week from 4.75 percent last week, Freddie Mac reported Thursday. That marks the lowest level since the company started tracking the data in 1971 and breaks the most recent low set in December. Rates have hovered below 5 percent since early May. » Read more…
Mortgage rates at record lows, but who can get them?
Posted by MORTGAGE BLOG NEWS on March 3, 2011
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Mortgage interest rates dropped to record lows last week, hitting rates not seen since the 1970s. But brokers say few of the many South Florida homeowners rushing to take advantage and refinance their loans will be able to qualify. » Read more…
Mortgage rates hit fresh lows on soft U.S. economy
Posted by MORTGAGE BLOG NEWS on March 2, 2011
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Home loan rates set new lows in the latest week on more evidence of a soft U.S. economy and high unemployment, home funding company Freddie Mac said on Thursday. » Read more…