Mortgage Rates Hit New Low Again

Day: August 16, 2010

Mortgage Rates Hit New Low Again

Mortgage Rates Hit New Low Again

This information is pretty amazing, take a look at what’s going on with mortgage rates! Mortgage rate levels dropped again last week, pushed down by the weak economy and the Federal Reserve’s decision to purchase government debt. The average rate for a 30-year fixed loan is now sitting at 4.44%, down from 4.49% last week….  Continue Reading

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Treasury Announces Who’s On the Guest List

Treasury Announces Who’s On the Guest List

Next week’s housing finance forum is sure to be closely watched, and surely the model for home financing will change. Of course, Freddie Mac and Fannie Mae will be the center of attention during the conference. The goal behind the conference is to gather input from industry stakeholders that will guide the Administration’s decisions in…  Continue Reading

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Freddie Mac Looking for $1.8B More in Aid

Freddie Mac Looking for $1.8B More in Aid

Freddie Mac is asking the government for an additional $1.8 billion in aid following another big loss in the second quarter of the year. From April to June, Freddie reported a loss of $1.3 billion, up from $840 million at the same time last year. Freddie is losing money from bad loans it backed, many…  Continue Reading

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