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…
Interest rates for a home loan fell again this past week, the 10th straight week that mortgage rates were at or below record levels, according to the latest Freddie Mac survey. This weeks average rates were: Click to enlarge Thirty-year fixed-rate loans: 4.36% with 0.7 of a point paid…
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…
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…
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…
The California Senate reversed itself today and overwhelmingly passed a measure expanding mortgage protections to homeowners who have refinanced their original home loans. By a 30-4 vote, the Senate adopted SB 1178 , which would prohibit lenders from seeking repayment from homeowners when a foreclosed home is worth less…
The bleeding in the mortgage industry apparently has stopped nationwide with banks and loan companies adding 714 net new jobs nationwide in the first quarter, reports MortgageDaily.com . It was the second quarter in a row for U.S. mortgage industry job growth. In the fourth quarter of 2009, 2,854…