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Rate on 30-year mortgage ticks up to 3.34 pct.
WASHINGTON — Average U.S. rates on fixed mortgages ticked up this week just slightly above their record lows, keeping home-buying and refinancing attractive to consumers. Mortgage buyer Freddie Mac said Thursday that the average rate on the 30-year loan ticked up to 3.34 percent, above last week’s rate of 3.32 percent. Two weeks ago, the […]
Rate on US 30-year mortgage hits record 3.31 pct.
WASHINGTON — Average U.S. rates on fixed mortgages fell to fresh record lows this week, a trend that is boosting home sales and aiding the housing recovery. Mortgage buyer Freddie Mac said Wednesday that the average rate on the 30-year loan dipped to 3.31 percent, the lowest on records dating back to 1971. That’s down […]
Late-payment rate on mortgages declined in 3Q
LOS ANGELES — U.S. homeowners are doing a better job of keeping up with their mortgage payments, aided by an improving housing market and low interest rates that are making it easier to refinance. The percentage of mortgage holders at least two months behind on their payments fell in the third quarter to 5.41 percent, […]
Fannie, Freddie expand aid to storm-hit homeowners
MCLEAN, Va. — Fannie Mae and Freddie Mac are expanding their assistance to borrowers whose homes were damaged or destroyed by Superstorm Sandy. The mortgage organizations said Friday that they will automatically suspend evictions and foreclosures in disaster areas for 90 days. They also gave servicers more flexibility and independence to suspend payments, provide loan […]
Freddie Mac posts $2.9B net income for Q3
WASHINGTON — Mortgage giant Freddie Mac posted net income of $2.9 billion for the July-September quarter, its second straight profitable quarter. The government-controlled company attributed the gain to rising home prices and fewer mortgage delinquencies. Freddie paid a dividend of $1.8 billion to the U.S. Treasury and requested no additional federal aid. The increase compared […]
Rate on 30-year fixed mortgage near record low
WASHINGTON — The average U.S. rate on a 30-year fixed mortgage has fallen to near its record low set earlier this month. The rate on the most popular mortgage dipped to 3.37 percent from 3.39 last week, mortgage buyer Freddie Mac said Thursday. Two weeks ago, the rate reached 3.36 percent, its lowest level on […]
Average on 30-year US mortgage stays at 3.55 pct.
WASHINGTON — The average rate on the 30-year fixed mortgage held steady this week, staying slightly above the lowest level on record. Low mortgage rates have aided a modest housing recovery. Mortgage buyer Freddie Mac said Thursday that the rate on the 30-year loan was unchanged at 3.55 percent. In July, the rate fell to […]
Average on 30-year mortgage up to 3.66 percent
WASHINGTON — Average U.S. rates on fixed mortgages have risen for a fourth straight week, remaining slightly above record lows. Cheap mortgages have helped fuel a modest housing recovery this year. Mortgage buyer Freddie Mac says the rate on the 30-year loan increased to 3.66 percent, up from 3.62 percent last week. Four weeks ago, […]
Consumer finance agency sets mortgage protections
WASHINGTON — The government’s consumer lending watchdog proposed new rules Friday aimed at protecting homeowners from unexpected costs and shoddy service by companies that collect their monthly mortgage payments. Mortgage servicing companies would be required to provide clear monthly billing statements, warn borrowers before interest rate hikes and actively help them avoid foreclosure unde[...]
Number of homes facing foreclosure rose in July
More U.S. homes started on the foreclosure path in July, as lenders tackled a backlog of mortgages gone unpaid even as they pulled back on home repossessions. The number of homes that received an initial notice of default — the first step in the foreclosure process — increased 6 percent in July compared to July […]
Freddie Mac posts $1.2B net income for 2Q
WASHINGTON — Government-controlled mortgage giant Freddie Mac posted net income of $1.2 billion for the second quarter and isn’t requesting any additional federal aid for the period. The government rescued Freddie and larger sibling Fannie Mae in September 2008 after massive losses on risky mortgages threatened to topple them. Taxpayers have spent about $170 billion […]
Search is on for a name for new park at EBDI
In the coming weeks, a new park being planned for Middle East will get a name. Among the candidates for the urban stretch along Wolfe Street near Johns Hopkins Hospital ...
