Mortgage Loans News

Similar houses
Feb, 14, 2013
The 30-year fixed-rate for mortgage loans remained unmoved for the third consecutive week according to Freddie Mac’s weekly survey. For the week ending Feb. 14, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.53 percent with an average 0.8 point, which is the same as last week. A year ago, the 30-year FRM averaged 3.87 percent. If a borrower took out a $175,000 home loan at today’s mortgage interest rate of 3.53 percent, his or her monthly payment would be $788.76. After 30 years, he or she would pay a total of $283,953.60.
Hands over model house
Feb, 7, 2013
The 30-year fixed-rate mortgage stayed consistent this week according to Freddie Mac’s weekly survey. For the week ending Feb. 7, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.53 percent with an average 0.8 point, the same as last week. A year ago, the 30-year FRM averaged 3.87 percent. If a borrower took out a $250,000 mortgage at today’s mortgage loan interest rate of 3.53 percent, his or her monthly payment would be $1,126.80. After 30 years, he or she would pay a total of $405,648.
Chart increasing numbers
Jan, 31, 2013
Fixed home loan interest rates trended higher this week according to Freddie Mac’s weekly survey. Freddie Mac, a provider of stability and liquidity for the United States’ residential mortgage markets, conducts weekly surveys to assess four types of home loan interest rates. For the week ending Jan. 31, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.53 percent with an average 0.7 point. The rate is up from last week when it averaged 3.42 percent. A year ago, the 30-year FRM averaged 3.87 percent.
Housing rates increase
Jan, 24, 2013
Fixed mortgage interest rates moved higher this week according to Freddie Mac’s weekly survey. Freddie Mac, a provider of stability and liquidity for the United States’ residential mortgage markets, conducts weekly surveys to assess four types of mortgage interest rates. For the week ending Jan. 24, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.7 point. The rate is up from last week when it averaged 3.38 percent. A year ago, the 30-year FRM averaged 3.98 percent.
Monitor flatline
Jan, 17, 2013
Mortgage loan interest rates remained flat this week according to Freddie Mac’s weekly survey. Freddie Mac, a provider of stability and liquidity for the United States’ residential mortgage markets, conducts weekly surveys to assess four types of mortgage loan interest rates. For the week ending Jan. 17, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.38 percent with an average 0.7 point. The rate is down from last week when it averaged 3.40 percent. At this time last year, the 30-year FRM averaged 3.88 percent.
House for sale
Jan, 10, 2013
Home loan interest rates increased slightly this week according to Freddie Mac’s recent survey. Freddie Mac, a provider of stability and liquidity for the United States’ residential mortgage markets, conducts weekly surveys to assess four types of home loan interest rates. For the week ending Jan. 10, 2013, the 30-year fixed-rate mortgage (FRM) averaged 3.40 percent with an average 0.7 point. The rate is up from last week when it averaged 3.34 percent. At this time last year, the 30-year FRM averaged 3.89 percent.
Gavel on money
Jan, 8, 2013
On Monday, Bank of America reached an $11.6 billion settlement with Fannie Mae for poor mortgage-backed investments made during the housing crash. Bank of America will pay Fannie Mae $3.55 billion in a cash settlement and will buy back $6.75 billion in mortgage loans that Bank of America and their 2008-acquired subsidiary, Countrywide Financial, sold to the mortgage giant from Jan. 1, 2000 to Dec. 31, 2008. Fannie Mae believed Bank of America failed to meet underwriting standards when approving the mortgage loans in question. About 30,000 loans are included in the buy-back.  
blue home or house with red percentage inside
Jan, 3, 2013
Freddie Mac released a report on mortgage loan interest rates for the first week of 2013. The organization’s press release shows that interest rates have reached record lows and will continue to aid the ongoing housing recovery by making mortgage loans more affordable. According to the report, fixed-rate mortgages dipped from their levels seen in the final days of 2012 to those recorded in the first week of 2013.
Construction and money home
Dec, 20, 2012
Mortgage loan interest rates showed mixed results this week according to Freddie Mac’s recent survey. The 30-year fixed-rate mortgage (FRM) averaged 3.37 percent with an average 0.7 point for the week ending Dec. 20, 2012. The rate is up from last week when it averaged 3.32 percent. At this time last year, the 30-year FRM averaged 3.91 percent.
American football
Dec, 19, 2012
A former Dallas Cowboy football player has been convicted of home loan fraud. He was sentenced to 54 months in federal prison and also ordered to pay $2.4 million in restitution. According to an FBI press release, Eugene Lockhart Jr., pled guilty to one count of conspiracy to commit wire fraud as part of a massive mortgage fraud scheme, which he led.

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