Tag Archives: Freddie Mac
Net New Renters 1.4 Million, Net New Home Buyers 0
Freddie Mac released today its U.S. Economic and Housing Market Outlook for October showing that the rental market is doing well with many of households under 30 are opting for renting vs buying. This is pushing the new households into … Continue reading
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Mortgage rates hit record low of 3.94%: Freddie
Mortgage rates hit record low of 3.94%: Freddie. Report from HousingWire that the 30 year fixed rate mortgage average is down to 3.94%. The average rate for a conventional 30-year, fixed-rate mortgage dropped below 4% for the first time in … Continue reading
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Bill allows tax-free use of retirement funds for mortgage payments
Bill allows tax-free use of retirement funds for mortgage payments. This is interesting, a bill that would allow a homeowner to tap into their retirement funds without the normal 10% penalty to cover their mortgage payments. Interesting how it is … Continue reading
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FHFA Lawsuit against Banks, Update
I am not sure where this lawsuit is going yet, I don’t understand what can be gained by it other than politically. At the same time, I’m not sure that FHFA doesn’t have a case. It seems counter-intuitive to me … Continue reading
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Federal Housing Financing Agency (FHFA) Sues Banks over Mortgage Backed Securities
It is news like this that makes it near impossible to predict the market correction. Depending on what happens here, it could either mean the mortgage business gets cleaned up or that it will shut all mortgage lending down – … Continue reading
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Mortgage Delequincies falling (S&P Experian reports)
There is some good news that we will hopefully begin feeling in the real estate market. The default index is dropping on first and second mortgages despite high unemployment rates, reported by S&P Experian. S&P Experien Default Index This is … Continue reading
30 Year Conventional Mortgage rate historical perpective
It seem like we always hear “near record low mortgage rates”, like another “Guitar Center blow out sale”. This will help put things in a little perspective. This was just updated 2011-08-11 4:31 PM CDT 30 Year Mortgage Rates 1976-05-07 to … Continue reading
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