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Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - November 29, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.44 percent based on loans closed in October. There was a decrease of 0.12 from the previous month. In March of 2012, FHFA began calculating interest rates using un-weighted survey data.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - July 26, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 3.67 percent based on loans closed in June. Beginning in March, FHFA is calculating interest rates using unweighted survey data. There was a decrease of 0.11 percent from the previous month. The complete contract rate series can be found at http://www.fhfa.gov/Default.aspx?Page=251.

Justice Department Reaches Settlement with National Mortgage Lender to Resolve Allegations of Lending Discrimination

WASHINGTON, DC - December 8, 2010 - (RealEstateRama) -- PrimeLending, a national mortgage lender with 168 offices in 32 states at the end of 2009, has agreed to pay $2 million to resolve allegations that it engaged in a pattern or practice of discrimination against African-American borrowers between 2006 and 2009.

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Top Tips For Buying Your First Home

Buying your first home can be stressful, but it doesn’t have to be. While moving home can be a whirlwind, with a good understanding of the process and what documents you need to be completed by what stage of the moving process, you can rest assured that your move will go to plan. In order to make buying your first home easier for you, we've put together some of our top tips.

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