Freddie Mac: Mortgage rates barely waver, move lower
According to Freddie Mac’s latest Primary Mortgage Market Survey, the average U.S. mortgage rate moved lower for the second consecutive week in January 2017. Sean Becketti, chief economist of freddie mac said, "After absorbing a mixed December jobs report; the 10-year treasury yield fell 8 basis points.
FHFA: Home prices continue climb In the recent crisis, highly levered housing markets had a prominent role. In particular, the boom-bust in U.S. house prices was at the root of the distress in the market for mortgage-backed securities. 3 During the boom phase, lending standards eased considerably and borrowers’ ability to service their loans increasingly relied on a continued climb in prices.
· The Freddie Mac report, in acknowledging this situation, concluded that prices are not adversely impacted by higher mortgage rates. They explained: They explained: “While there is a drop in the demand for homes, there is an associated drop in the supply of homes from the link between the selling and buying decisions.
Mortgage rates have either fallen or remained flat for five consecutive weeks and purchase applicants are responding with an uptick in demand given these lower rates. While the housing market softened in response to higher rates through most of this year, the combination of a low unemployment and recent downdraft in rates should support home.
Also known as conforming loans, conventional loans "conform" to a set of standards set by Fannie Mae and Freddie Mac. Conventional loans boast great rates, lower costs, and homebuying flexibility. So, it’s no surprise that it’s the loan option of choice for over 60% of all mortgage applicants. Highlights of the conventional loan program:
Freddie Mac today released the results of its Primary Mortgage Market Survey , showing the 30-year mortgage rate dropping for the third consecutive week and closing in on the 2017 low.. | April 6, 2017
US shutdown could spill over to Europe Hi. I just had to look up ‘sequestration’ and it means budget cuts. If it’s anything like the cuts were having over here then they will be directed at those who are to weak and isolated to complain, the sick, the elderly, the infirm , children and anyone else who is vulnerable.
Mortgage rates ended the week lower with the 30-year fixed mortgage rate edging closer to 2017 low of 4.09%.. As of April 7 (Friday), the 30-year FRM averaged 4.10% and rates on 15-year fixed mortgages averaged 3.36%.
I encounter plenty of people in the mortgage biz. Fargo Funding announced it will not purchase Freddie Mac CHOICERenovation Mortgages. A recent Fannie Mae Servicing Guide update outlines its escrow.
Mortgage Delinquencies Pass 10%: LPS Mortgage delinquencies are falling as home prices rise and the foreclosure pipeline clears. While 6.4% seems low compared to the peak of 10%, the "normal" level prior to the housing bubble was.
Despite the recent rise in mortgage rates, both existing and new home sales continue to show strength – indicating the lagged effect of lower rates on housing demand. This, along with improved affordability, should push housing activity higher in the coming months. Information provided by Freddie Mac.
https://freddiemac.gcs-web.com/news-releases/news-release-details/mortgage-rates-level-out- MCLEAN, Va., July 03, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC.
Clayton Holdings hires new senior managing director of lending services Company Spotlight: MGIC 5 days ago · MGIC Investment sees its Relative Strength Rating reach the 80-plus level.. The company is expected to report its latest results on or around Jul. 18.. Today’s SpotlightBackground. Mr. Redlingshafer is a Senior Managing Director with Clayton Holdings, LLC ("Clayton"). Prior to joining Clayton in January 2010, Mr. Redlingshafer was a Managing Director and an independent consultant for the Pentalpha Capital Group ("Pentalpha"), an independent financial services firm that provides advisory and consulting services.
Mortgage Activity Will Be Crushed By Rising Rates -Freddie Mac Nov 30 2016, 11:17AM Interest rates are, quite naturally, the focus of Freddie Mac’s November Outlook.
OCC: Mortgage performance improves in third quarter In third quarter 2016, University posted a 16.5% auto penetration and 4.8% first mortgage penetration. For credit unions in its asset band, those numbers were 18.5% and 2.6%, respectively. However, the credit union’s strong first mortgage participation translates into a higher average loan balance of $14,145 per member versus $12,730 for similarly sized credit unions.