WASHINGTON — Freddie Mac earned $5 billion from April through June, the seventh straight profitable quarter for the mortgage giant. The second-quarter gain reported Wednesday compares with net income of $3 billion in the same period of 2012. Freddie says ...

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WASHINGTON — Average rates on fixed mortgages fell again this week to record lows, creating more incentive for buyers to enter the recovering housing market. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan fell ...

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WASHINGTON — The average rate on the 30-year fixed mortgage hovered above its record low for a fourth straight week. But cheap mortgage rates have done little to boost home sales or refinancing. Freddie Mac says the rate on the ...

Tagged with: Economy housing interest markets mortgages rates Real Estate Recession

So far this month, BlueRidge Bank has opened a new location in Towson — its first outside of Frederick — and named an executive to make inroads into Washington County with the goal of opening a branch there as well. ...

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WASHINGTON — Government-controlled mortgage giant Freddie Mac has requested $6 billion in additional aid after posting a wider loss in the third quarter. Freddie Mac said Thursday that it lost $6 billion, or $1.86 per share, in the July-September quarter. ...

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WASHINGTON  — The Federal Reserve’s plan to keep interest rates super-low for at least two more years is great news for mortgage refinancers and other borrowers. For retirees and others who need interest income? Not so great. Nor will low ...

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I got a pretty unusual press release in the old inbox the other day from a company calling itself “DNA Live Forever” that claims to have come up with a way to travel in time — by cloning yourself. In a ...

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WASHINGTON — Federal Reserve Chairman Ben Bernanke said Wednesday that the central bank is prepared to provide additional stimulus if the economic lull persists. Delivering his twice-a-year economic report to Congress, Bernanke laid out three options the central bank would ...

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This week we learned that mortgage rates are moving lower, housing prices nationally are moving lower and FHA loan limits are gearing to move lower. So all mixed together, what does it mean as we head into summer? Obviously, low ...

Tagged with: fannie mae fha foreclosure freddie mac homes housing interest loan market mortgages prices Real Estate Robert Nusgart

Credit was once defined as “man’s confidence in man.” But in fact, the definition of credit today is more like “man’s confidence in himself.” Using credit today means you have confidence in your future ability to pay that debt. Forty ...

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