Mortgage Rates Show Little Movement

Mortgage rates showed little movement this week, with the 30-year, fixed rate averaging 3.78 percent, unchanged from the week prior, according to the recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.08 percent, also unchanged from the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged 3.13 percent, […]

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Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Appraisal-free mortgages will make closings easier

As of Sept. 1, Fannie Mae and Freddie Mac will no longer require appraisals on many of the loans that they buy. Because the two GSEs (government-sponsored enterprise) buy about half the mortgages originated in America, this is big news that will make buying a home easier and less expensive …

Fannie, Freddie Suspend Evictions, Foreclosures in Harvey’s Wake

Fannie Mae and Freddie Mac are enacting 90-day eviction and foreclosure suspensions for homeowners in federally-declared disaster zones impacted by Hurricane Harvey. “Our thoughts are with the families in the path of this powerful and catastrophic storm,” says Carlos Perez, senior vice president and chief credit officer at Fannie Mae. “We continue to monitor the […]

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Mortgage Rates Descend to Year Low

Mortgage rates descended to a new year low this week, with the 30-year, fixed rate averaging 3.82 percent, down from 3.86 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.12 percent, down from 3.16 percent the week prior, while the 5-year, Treasury-indexed hybrid […]

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Hurricane Harvey victims granted temporary relief from foreclosure

Hurricane Harvey has caused thousands in and around the Houston area to flee from the rising waters engulfing their homes and killed at least 14 people to date. In this time of crisis, Federal mortgage agencies Fannie Mae, Freddie Mac and the Federal H…

FHFA: Home Prices Rise in Q2

Home prices rose 1.6 percent in the second quarter of 2017, according to the Federal Housing Finance Agency’s (FHFA) House Price Index (HPI). The HPI year-over-year—based on prices for homes with Fannie Mae- and Freddie Mac-backed mortgages—was up 6.6 percent. “U.S. house prices rose in most states during the second quarter,” said William Doerner, senior […]

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Freddie and Fannie’s appraisal-free mortgages to slash closing times

When real estate broker Hank Miller explains the mortgage process to buyers, he gives it to them straight. “It’s going to be the biggest pain in the ass that you’ve been through,” he says. Freddie Mac and Fannie Mae, government-owned entities that buy …

Mortgage Rates Dive to Another Low

Mortgage rates dove to another low this week, with the 30-year, fixed rate averaging 3.90 percent, down from 3.93 percent the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 15-year, fixed rate averaged 3.18 percent, the same from the week prior, while the 5-year, Treasury-indexed hybrid adjustable rate averaged […]

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Mortgage Rates Hang On

Mortgage rates hung on this week, making virtually no movement from the week prior, according to Freddie Mac’s recently released Primary Mortgage Market Survey (PMMS®). The 30-year, fixed rate averaged 3.93 percent, up from 3.92 percent the week prior, while the 15-year, fixed rate averaged 3.18 percent, down from 3.20 percent the week prior. The […]

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