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Tag Archives: freddie mac

Rate on 30-year mortgage drops to record 3.89 pct.

WASHINGTON — Fixed mortgage rates fell once again to a record low, offering a great opportunity for those who can afford to buy or refinance homes. But few are able to take advantage of the historic rates. Freddie Mac said ...

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Home purchases up, but earlier sales look weaker

WASHINGTON — The number of Americans who bought previously occupied homes rose last month. But the National Association of Realtors says it overstated more than 3 million sales during and after the Great Recession, showing the housing market was weaker ...

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SEC charges ex-Fannie, Freddie CEOs with fraud

WASHINGTON — The Securities and Exchange Commission has brought civil fraud charges against six former top executives at Fannie Mae and Freddie Mac, saying they misled the government and taxpayers about risky subprime mortgages the mortgage giants held during the ...

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Rate on 30-year mortgage below 4 pct. for second time

WASHINGTON — The average rate on the 30-year fixed mortgage fell below 4 percent for just the second time in history. Freddie Mac said Thursday the rate on the 30-year fixed loan fell to 3.99 percent, down from 4 percent ...

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Robert Nusgart: Fannie, Freddie tweaks don’t go far enough

In the midst of another mini-refinance boom (thanks to the Greek government — again), Fannie Mae and Freddie Mac have announced that they have extended their Home Affordable Refinance Program through the end of 2013. Those good souls at the ...

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Average rate on 30-year mortgage falls to 4 pct.

WASHINGTON — The average rate on the 30-year fixed mortgage fell to 4 percent this week, nearly matching the all-time low hit just one month ago. Freddie Mac said Thursday the rate on the 30-year loan dropped from 4.10 percent ...

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