Wednesday, April 7, 2010 as of 11:14 AM ET
The Federal Home Loan Mortgage Corporation (FHLMC), known as Freddie Mac (), is a public government sponsored enterprise (GSE), headquartered in the Tyson's Corner CDP in unincorporated Fairfax County, Virginia.
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Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any better than this.
The benchmark 30-year fixed-rate mortgage was 3.97%, unchanged from last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.41 discount and origination points. One year ago, the mortgage index was 4.75%; four weeks ago, it was 4.09%.The benchmark 15-year fixed-rate mortgage fell to 3.19% from 3.2% the previous week, and the benchmark 5/1 adjustable-rate mortgage rose to 3.02% from 3%.Low mortgage rates are not the primary reason homebuyers decide to buy. But low rates make homeownership more affordable, and they certainly are helping many first-time homebuyers, says David Kuiper, a mortgage planner at First Place Bank in Holland, Mich."They are finally getting the message that rates are at all-time lows," Kuiper s...U.S. home prices rose in March and in the first quarter of the year, according to a government index released Wednesday, highlighting a trend of gradual stabilizatio...
Home prices climbed 1.8% on a seasonally adjusted basis in March, the Federal Housing Finance Agency said Wednesday. Year-on-year, prices rose 2.7% in March. For the...
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When Jennifer Anderson's family could no longer afford their mortgage and lost their home, she expected many years to pass before they would again become property ow...
FBN's Robert Gray breaks down afternoon market news.
Iberiabank Mortgage president Craig Jarrell weighs in on the influx of homeowners re-financing mortgages.
FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
Average fixed mortgage rates hit record lows for the third straight week as ongoing concerns over the European sovereign debt crisis overshadowed improved economic r...
Mortgage rates hit record lows in the week ending May 17, with the 30-year fixed-rate mortgage average falling to 3.79% from 3.83% in the prior week, Freddie Mac sai...
FBN’s Liz MacDonald discusses the persecution of J.P. Morgan and the loopholes in financial legislation.
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FBN’s Stuart Varney breaks down the stories moving the markets early in the trading day.
Average mortgage rates in the U.S. were little changed over the past week, holding their place around record lows.Freddie Mac Chief Economist Frank Nothaft noted, "M...
Mortgage rates hit record lows in the week ending May 24, with the 30-year fixed-rate mortgage average ticking down to 3.78% from 3.79% in the prior week, Freddie Ma...
First-quarter economic data provided an encouraging signs for the broader economy and the housing recovery, mortgage giant Freddie Mac (FMCC) said in a recent report...
Bank of America Corp.'s (BAC) agreement to repurchase $330 million in residential loans from Freddie Mac this month may signal new demands by the U.S.-controlled hou...
Sales of newly built homes in the U.S. grew faster than expected in April and home prices posted a solid gain the prior month, adding to the increasing momentum for ...
U.S. home prices rose in March and in the first quarter of the year, according to a government index released Wednesday, highlighting a trend of gradual stabilizatio...
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