Homeowners looking to refinance their mortgages could have an easier time getting a lower rate, with Fannie Mae and Freddie Mac’s federal regulator eliminating a 50-basis point refinancing fee that was intended to help the mortgage giants cover at leas… Continue reading
The average interest rate on a 30-year, fixed rate mortgage dipped further this week, according to data from Freddie Mac. Continue reading
Mortgage rates were lower this week as U.S. Treasury yields dropped, but economic recovery could push them higher in the months to come. Continue reading
Asian American homeownership rates lag in numerous major cities including New York, Los Angeles and Boston. Continue reading
Lenders can use borrower’s actual monthly student loan payment when calculating their overall debt burden. Continue reading
Freddie Mac’s chief economist said rates could continue to rise during the second half of the year after reaching historic lows in January. Continue reading
Fannie Mae and Freddie Mac’s federal regulator will soon have a new director, after a Supreme Court ruling that expands the president’s power to remove the head of the Federal Federal Housing Finance Agency without cause. Continue reading
Markets concur with the view that inflation increases are temporary, according to a Freddie Mac economist. Continue reading
New lending restrictions and buyer preferences meant slower growth last month in mortgages for vacation homes and investment properties. Continue reading
New inflation numbers and tapering of the Fed’s mortgage bond purchases are likely to be on the agenda when the Fed meets next week. Continue reading