The summertime swoon in U.S. mortgage rates continues this week, with averages for home loans falling to yet another record low. Click to enlarge Rates began to inch downwards in June, falling 0.37 of a percentage point in 11 weeks in which the 30-year average either set or met…

Last month, on July 15th, HUD filed a public notice in the Federal Register of tighter FHA lending requirements. The 30 day comment period is over. Jennifer Waters at the WSJ writes: FHA Gets Tougher on Mortgages Consumers looking for home loans backed by the Federal Housing Administration will face…

Average mortgage rates were at or below the previous record low for an eighth consecutive week, according to Freddie Mac’s latest interest rate survey. Here are U.S. averages for this week: Click to enlarge A 30-year fixed-rate mortgage: 4.44%, down from 4.49% last week. It’s the lowest average rate…

Interest rates for home loans fell to yet another record low this week — the seventh consecutive week in which rates either set a record low or held firm, according to Freddie Mac’s weekly survey. The 15-year loan rate fell below 4%. This week’s rates: Click to enlarge Thirty-year…

As I said in a recent interview with the Sunday Telepgraph , the  SEQUAL statistics show that the proportion of retirees using reverse mortgages for debt consolidation has increased by 25 per cent in just two years. This seems to indicate that seniors are either  retiring with more debt…

Click to enlarge The cost of home loans fell to a record low for a sixth week in a row, according to Freddie Mac’s weekly survey of interest rates. The rate for a 30-year fixed-rate loan with an average 0.7 point was 4.54% for this week, the lowest interest…

Randy Johnson, president of Independence Mortgage Co. in Newport Beach, author of “How to Save Thousands of Dollars on Your Home Mortgage” and a mortgage broker since 1983, answers questions… i Q. Today’s fixed loan rates are spectacular! I am a 41-year-old woman with a FICO score above 750.…

Interest rates on home loans fell to their lowest level on record, according to a survey by Freddie Mac. According to the mortgage giant’s press release: Interest for a 30-year, fixed-rate mortgage averaged 4.69% in the week ending today,  with a 0.7% of a point, Freddie Mac said. That’s…

Binyamin Appelbaum writes in the New York Times: Cost of Seizing Fannie and Freddie Surges for Taxpayers Fannie Mae and Freddie Mac took over a foreclosed home roughly every 90 seconds during the first three months of the year. They owned 163,828 houses at the end of March, a virtual…

Foreclosure filings, repo’d homes and bank-owned inventory in California all dropped from April to May, reports ForeclosureRadar.com . Foreclosure filings also declined significantly year-over-year, with notices of default down 43% and notices of trustee sale down 36%, the website says. The only real increases from the prior year were…