Mortgage Rates Drop Slightly in Freddie Mac Weekly Survey
March 11, 2010 Posted by Freddie Mac
McLean, VA - March 11, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.95 percent with an average 0.7 point for the week ending March 11, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.03 percent.
Low Rates Help Make Home Buying More Affordable
March 4, 2010 Posted by Freddie Mac
McLean, VA - March 4, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending March 4, 2010, down from last week when it averaged 5.05 percent. Last year at this time, the 30-year FRM averaged 5.15 percent
Home Prices Fall 0.4 Percent in 2009
March 2, 2010 Posted by Freddie Mac
McLean, VA - March 2, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) announced today that its Conventional Mortgage Home Price Index (CMHPI) Purchase-Only Series registered a 0.4 percent decline from the fourth quarter of 2008 to the fourth quarter of 2009, a much smaller decline than the 9.5 percent drop in home prices recorded in 2008. In the final quarter of 2009, the U.S. Index was down 1.4 percent (-5.4 percent annualized) relative to the third quarter, on a not-seasonally adjusted basis
Long-Term Rates Rise to Over 5 Percent for the First Time in Three Weeks
February 26, 2010 Posted by Freddie Mac
McLean, VA - February 26, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.05 percent with an average 0.7 point for the week ending February 25, 2010, up from last week when it averaged 4.93 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.
Freddie Mac Announces That It Will Cease Purchases of Interest Only Mortgages
February 26, 2010 Posted by Freddie Mac
McLean, VA - February 26, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) announced today that on or about September 1, 2010, the company will cease purchasing and securitizing interest only mortgages, including Freddie Mac Initial InterestSM fixed-rate and adjustable-rate mortgages. Additional information will be provided to Freddie Mac Seller/Servicers in an upcoming Single-Family Seller/Servicer Guide bulletin.
Mortgage Rates Hover Near Record Lows
February 18, 2010 Posted by Freddie Mac
McLean, VA - February 18, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.93 percent with an average 0.7 point for the week ending February 18, 2010, down from last week when it averaged 4.97 percent. Last year at this time, the 30-year FRM averaged 5.04 percent.
Fixed-Rate Mortgages Dominant Among Refinancing Homeowners
February 15, 2010 Posted by Freddie Mac
McLean, VA - February 15, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) announced today that in the fourth quarter of 2009, refinancing borrowers overwhelmingly chose fixed-rate loans, regardless of whether their original loan was an adjustable-rate mortgage (ARM) or a fixed-rate, according to Freddie Mac’s quarterly Product Transition Report. While 30-year fixed-rate mortgages are still the most preferred product chosen for the new loan, 15-year fixed-rate mortgages gained favor among refinancers who previously held 30-year fixed-rate mortgages, balloon mortgages and ARMs. Overall, fixed-rate loans accounted for more than 95 percent of refinance loans during the quarter
30-Year Fixed-Rate Mortgage Dips Below 5 Percent Again
February 11, 2010 Posted by RealEstateRama
McLean, VA - February 11, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.97 percent with an average 0.7 point for the week ending February 11, 2010, down from last week when it averaged […]
Freddie Mac to Purchase Substantial Number of Seriously Delinquent Loans From PC Securities
February 10, 2010 Posted by Freddie Mac
McLean, VA - February 10, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) announced today that it will purchase substantially all 120 days or more delinquent mortgage loans from the company’s related fixed-rate and adjustable-rate (ARM) mortgage Participation Certificate (PC) securities.
Freddie Mac Will Not Issue a Reference Notes Security on February 10, 2010
February 10, 2010 Posted by Freddie Mac
McLean, VA - February 10, 2010 - (RealEstateRama) — Freddie Mac (NYSE: FRE) announced today that it will not issue a Reference Notes® security on February 10, 2010. The company’s 2010 Reference Notes calendar designates dates that it may use to announce the issuance of Reference Notes securities.
