Flood insurance authorization lapses in government shutdown Government shutdown: Flood insurance appears saved, but here’s what will close. A quarter of the federal government will close at midnight Friday unless Congress and the White House find a way to.
WASHINGTON (AP) – U.S. long-term mortgage rates barely budged this week after marking the biggest drop in nearly four years a week earlier. Home borrowing rates remain much higher than they were a.
Five consecutive weeks of increases pushed mortgage rates to their highest level since April 2011. According to the latest data released Thursday by Freddie Mac, the 30-year fixed. to be bad for.
Mortgage rates will increase gradually through 2016 in response to monetary tightening – we’re forecasting the 30-year rate will average 4.4 percent for the year. House Prices The imbalance between housing demand and supply continues to boost prices.
“The combination of cooling inflation and slower global economic growth led mortgage rates to drift down to the lowest levels in a year," Freddie Mac’s chief economist Sam Khater said in a statement..
WASHINGTON – Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low.
WASHINGTON (AP) – US long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year fixed-rate mortgage dropped from 4.2 percent last week to 4.14 percent.
Freddie Mac affects the U.S. economy by lowering interest rates. That makes more loans available to more new homeowners. That makes more loans available to more new homeowners. For example, reducing the rate from 8.5% to 8% allowed an additional 791,000 moderate-income families to buy homes.
DoubleLine to make its own brand of mortgage-backed securities Gundlach’s Doubleline To Produce Mortgage-Backed Securities In-House. "There is an emerging trend by money managers to evaluate whether they should fill the void," said Thomas Capasse, a managing partner at Waterfall Asset Management, a New York-based investor in mortgage bonds and other types of structured securities.
As of February 2, the average interest rate on a 30-year fixed-rate mortgage was 6.23 percent, while the initial rate on a 1-year ARM was 5.33 percent, Freddie Mac said.
Walker & Dunlop’s expansion helps set revenue and loan volume records Walker & Dunlop, which already ranks among Fannie Mae’s top five multifamily small loan lenders, is planning to grow its small loan business even more. The company announced this week that it hired Larry Wilemon as vice president and Chris Montes as deputy chief underwriter.Computershare plans to bring LenderLive Network into the fold As for Computershare, the company said it is looking forward to the new services it will be able to offer with LenderLive Network in the fold. "We’re very excited to be bringing these LenderLive services into the Computershare family and welcoming an additional 420 employees onboard," Nick Oldfield, CEO of Computershare Loan Services, said in a statement.
Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed-rate mortgage drifted up for the second consecutive week to 4.60 percent. "The higher rate environment, coupled with the ongoing lack of affordable inventory, has led to a drag on existing-home sales in the last few months," he said.
Contents Latest data released thursday Freddie mac house price Declining mortgage rates boosts Housing market growth Strong economy. home Mortgage rates soar to 7-year highs – Five consecutive weeks of increases pushed mortgage rates to their highest level since April Read more.