The weekly mortgage rate reports released Thursday by Freddie Mac and Bankrate were mixed. But one thing was certain: the average rate for 30-year fixed-rate mortgages hit a new record low.
30-Year Mortgage Rates at Near-Record Lows. Interest rates for a 30-year fixed rate mortgage have been on the decline since November. Rates are reaching lows last seen in January 2018. Rates spiked in November 2018 to over 5%. The overall average rate for 2018 was 4.5%.
The 30 year fixed loan is one of the most popular mortgage programs. With a 30 year fixed rate mortgage you lock in today’s interest rate for thirty years. The opposite of a fixed rate mortgage is an adjustable rate mortgage (ARM). With interest rates near historic lows, locking in today’s rate is a very smart move for most people.
Treasury: 99% of TARP investments paid back Treasury Used $364bn of TARP funds in 2009 – HousingWire – The Treasury Office of Financial Stability (OFS) used $364bn of the $700bn available funds, mostly in investments according to the report, and $73bn of the TARP funds have already been repaid.
Mortgage rates nearly unchanged in holiday week: Freddie Mac. CHICAGO (MarketWatch) – Interest rates on the 30-year fixed-rate mortgage hit another low this week, averaging 3.88% in Freddie Mac’s most recent survey of conforming mortgage rates, released on Thursday. The mortgage averaged 3.89% last week and 4.74% a year ago. More from this author:
RealScout raises $6 million for superior real estate searches Investors Allege $6 Million|Real Estate Scam March 21, 2012 DAN MCCUE (CN) – Investors claim in a class action in Orange County, Calif., Superior Court that Argus Realty Investors and nearly two dozen co-conspirators bilked them for $6.25 million in a scam involving development of two office buildings in Texas.Hillary Clinton says she’d let big banks fail Ginnie Mae’s MBS portfolio reaches $1.5 trillion Michigan credit union ex-CFO shockingly confesses to embezzling $20 million The former credit union CFO who is a suspect in an embezzlement of as much as $20 million will undergo a mental competency hearing at Michigan’s Center for forensic psychiatry. michael A. LaJoice, 36, the former CFO at clarkston brandon community credit Union, is currently facing 14 counts of embezzlement totaling more than $100,000 between.Democratic frontrunner Hillary Clinton would let wall street banks fail and possibly break them up as president, she told comedian Stephen Colbert on Tuesday night, even though as a senator she voted to bail out the banks in the midst of the 2008 financial crisis. Appearing for the first time on CBS’s The Late Show, Clinton was asked whether, as president, she would let "too big to fail.
Mortgage Rates Remain Near record lows. freddie mac pointed out that the 30-year fixed-rate mortgage has averaged below 4% every week save one this year, and its 15-year counterpart has.
Mortgage rates approaching new record lows. The recent decision by the Federal Reserve to not raise the federal funds rate could result in mortgage rates declining even more in the near term.
California lawmakers and FHFA clash over Homeowner Bill of Rights California Homeowner Bill of Rights Signed into Law. The Homeowner Bill of Rights consists of a series of related bills, including two identical bills that were passed on July 2 by the state Senate and Assembly: AB 278 (Eng, Feuer, Prez, Mitchell) and SB 900 (Leno, Evans, Corbett, DeSaulnier, Pavley, Steinberg).
NEW YORK, Nov. 23, 2012 /PRNewswire/ – Mortgage rates continue to hover near record-low territory. The average 30-year fixed mortgage rate fell one basis point over the past week to 3.53 percent, according to Bankrate.com’s (NYSE: RATE) weekly national survey.
Freddie Mac reports today that mortgage rates finished the year near record lows, helping to keep homebuyer affordability high. A 30-year fixed-rate mortgage (FRM) averaged 3.35 percent, while the 15-year frm averaged 2.65 percent.
CFPB policy director to head external relations at FHFA The community mortgage lenders of America board announced the hiring of Ed Wallace as its new executive director. Wallace is succeeding Glen Corso, who retired in November, and taking over for Rob.
The 30-year fixed-rate mortgage average dropped to 3.88% in the week ending April 12 from 3.98% in the prior week, according to Freddie, a buyer of residential mortgages. The record low of 3.87%.
The average 30-year fixed-rate mortgage fell to 4.58 percent this week, the lowest rate on record, mortgage-purchaser Freddie. The group’s puchase index is hovering near 13-year lows. The number of.