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Tag Archives: freddie mac

Obama offers mortgage relief on Western trip

President Barack Obama is offering mortgage relief to struggling homeowners in hard-hit Nevada and around the country — saying he can’t wait for an “increasingly dysfunctional Congress” to act. The president said Monday that “where they won’t act, I will.” ...

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Rate on 30-year fixed mortgage slips to 4.11%

WASHINGTON — The average rate on the 30-year fixed mortgage was nearly unchanged this week after rising sharply last week. Freddie Mac said Thursday that the rate on the 30-year loan edged down to 4.11 percent from 4.12 percent last ...

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Homeownership takes biggest dive since Great Depression

W ASHINGTON — The American dream of homeownership has felt its biggest drop since the Great Depression, according to new 2010 census figures released Thursday. The analysis by the Census Bureau found the homeownership rate fell to 65.1 percent last ...

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Rate on 30-year mortgage falls to record 4.01 pct.

WASHINGTON — Fixed mortgage rates have fallen to historic new lows for a fourth straight week and are likely to fall further. The average on a 30-year fixed mortgage fell to 4.01 percent this week, Freddie Mac said Thursday. That’s ...

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Robert Nusgart: Equity line help would lift housing market

The Federal Reserve spoke. The markets listened. And mortgage rates took another nosedive. Yes, mortgage rates have moved to another low point after the Fed on Wednesday basically said that the tough economic times are going to stick around for ...

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Fannie Mae cited for failing to stop robo-signing

WASHINGTON — Fannie Mae missed chances to catch law firms illegally signing foreclosure documents and its government overseer did not take the right steps to ensure Fannie was doing its job, according to a federal watchdog. The Federal Housing Finance ...

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Foreclosures drive sales of previously owned homes

WASHINGTON — The number of Americans who bought previously occupied homes rose in August. But the sales were driven by an increase in foreclosures, a sign that home prices could fall further next year and slow a housing recovery. The ...

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Rate on 30-year mortgage falls to record 4.09 pct.

WASHINGTON — Fixed mortgage rates fell to the lowest level in six decades for the second straight week. But few Americans can take advantage of the historically low rates. Freddie Mac said Thursday that the average rate on the 30-year ...

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