All Posts Tagged With: "Freddie Mac"
FHA Mortgage Insurance Premium To Rise In 2012
Borrowers will pay more to get an FHA loan in 2012. The much-heralded payroll tax cut worked out by Congress will also raise the cost of an FHA mortgage by at least .2 percent and probably more in 2012. Think of it as a back-door tax increase. While the public was watching the payroll debate [...]
3Jan2012 | Peter G. Miller | 1 comment | Continued
FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick
It didn’t take long for the lower mortgage limits that began October 1st to be changed. As of November 18th the mortgage rate limits were selectively revised with FHA loan limits increasing but with conventional loan limits staying the same. Does this change make a lot of sense? No. Is this change the law of [...]
25Nov2011 | Peter G. Miller | 0 comments | Continued
New FHA, VA and Conventional Mortgage Loan Limits
As of October 1, 2011 new and lower mortgage loan limits will be here unless Congress unites and stops the planned changes. Since Congress unites over very few things borrowers are likely to find bright and new loan limits as of Oct. 1st. Note: This material is now out of date. Please go to: FHA [...]
12Sep2011 | Peter G. Miller | 0 comments | Continued
Bulletin: 5-Year ARM Mortgage Hits Record 2.96 Percent
The five-year ARM has hit an all-time record. Having fallen for the eighth consecutive week it now stands at 2.96 percent, according to Freddie Mac. The idea that ARM rates across the country would fall below 3 percent is stunning, proof that the country is awash in capital that essentially has nowhere to go. While [...]
1Sep2011 | Peter G. Miller | 0 comments | Continued
Mortgage Rates Sink, Hit Yearly Low
Mortgage rates are in the dumper. Freddie Mac is reporting that mortgage rates have hit their lowest levels since last November. The 30-year fixed-rate mortgage averaged 4.39 percent, its lowest level for 2011. Last year at this time, the 30-year FRM averaged 4.49 percent. The 15-year fixed and 5-year ARM set new historical record lows [...]
4Aug2011 | Peter G. Miller | 0 comments | Continued
Freddie Mac halts military service member foreclosures
Large numbers of American service members struggling to pay their mortgages will receive a foreclosure reprieve through 2011. Freddie Mac in mid-December announced a sweeping foreclosure moratorium for service members who are released from active duty. They’ll get at least nine months of safety net, provided their mortgages are backed by the government-sponsored enterprise. In [...]
5Jan2011 | Chris Birk | 0 comments | Continued
Mortgage loan rates higher for fifth week
Interest rates for the week of December 16th rose to 4.83 percent for 30-year fixed-rate financing according to Freddie Mac. This was the fifth week in a row where fixed-rate mortgage rates were up — in fact, rates have risen .66 percent — two-thirds of a percent — since November 11th when the interest cost [...]
16Dec2010 | Peter G. Miller | 0 comments | Continued
Mortgage rates rise for third week
Mortgage interest rates reached 4.46 percent for 30-year fixed-rate loans last week, according to Freddie Mac, an increase of .06 percent. Last year at this time the same loan was priced at 4.71 percent. The latest Freddie Mac weekly interest rates show that 15-year fixed-rate financing averaged FRM 3.77 percent, down from 4.27 percent a [...]
2Dec2010 | Peter G. Miller | 0 comments | Continued
Mortgage Loan Limits — Conventional, FHA, VA
The high mortgage loan limits and policies started during the foreclosure worries of 2008 will continue through 2011. Note: This material is now out of date. Please go to: FHA Loan Limits Rise, Conventional & VA Mortgage Limits Stick. There are several types of mortgage loan limits. Generally, most borrowers need to look at conventional, [...]
15Nov2010 | Peter G. Miller | 1 comment | Continued
Mortgage Loan Relief For BP Spill Victims
Homeowners impacted by the BP oil spill are getting mortgage relief from Fannie Mae and Freddie Mac, the two largest mortgage owners. In general terms, the loan relief offered by the two companies follows the emergency policies both have had in place following such disasters as hurricanes Katrina, Rita and Wilma. Relief In the usual [...]
18Jun2010 | Peter G. Miller | 0 comments | Continued
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