Not A Typo: Mortgage Applications Rise 49%
The Mortgage Bankers Association (or MBA) Applications Index rose 49% after rising 16% the week before.
Mortgage Rates Fall Again As The 10-Year Rallies
The rally in bonds has been an unexpected gift to cap off what was otherwise a dismal year in mortgage banking.
Growing threat hangs over legacy mortgage bonds
Investors including US mortgage giant Fannie Mae holding decade-old residential mortgage bonds are fretting over potentially huge losses on securities where delayed foreclosures could lead to complete write-offs on defaulted loans. “If a foreclosure runs afoul of the statute of limitations, it's a problem,” said Bruce Bergman, a partner at Berkman Henoch Peterson Peddy & Fenchel, a New York law …
Am I Too Old to Refinance My Mortgage?
A reader asked if it older homeowners should refinance for a lower mortgage rate if they don't expect to fully repay the loan in their lifetimes.
First National Mortgage Investment Fund announces January monthly distribution
First National Mortgage Investment Fund announces January monthly distribution
Fitch Affirms GS Mortgage Securities Trust 2012-GC6 Commercial Mortgage Pass-Through Certificates
Fitch Ratings has affirmed 11 classes of Goldman Sachs Mortgage Company's GS Mortgage Securities Trust commercial mortgage pass-through certificates series 2012-GC6 due to stable performance since issuance.
30-year mortgage rate falls to 3.66 percent; 15-year below 3 percent
It's been another good week for prospective homebuyers and mortgage refinancers, as average fixed mortgage rates slipped for the third consecutive week, according to Freddie Mac.
Average rate on 30-year mortgage falls to 3.66 pct.
WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.
30-year-mortgage Rate Falls To 3.66%
The average rate for a 30-year fixed-rate mortgage fell to 3.66% in the week that ended Jan. 15, hitting the lowest reading May 2013, from 3.73% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac .
Mortgage Rates Fall for Second Week as 30-Year at 3.66%
U.S. mortgage rates fell for a second week, holding at the lowest level in more than a year and a half, as declining financing costs boost loan demand.