freddie mac: One Year ARM Ticks Up as All Other Rates Fall - 10/09/08 06:56 PM
McLean, VA Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® )
30-year fixed-rate mortgage: Averaged 5.94 percent with an average 0.6 point for the week ending October 9, 2008, down from last week when it averaged 6.10 percent. Last year at this time, the 30-year FRM … (0 comments)
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freddie mac: Freddie Mac Update: Long Term Mortgage Rates Barely Move - 10/02/08 12:40 PM
Shorter-Term ARMs Fall Slightly
McLean, VA Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® in which the 30-year fixed-rate mortgage (FRM) averaged 6.10 percent with an average 0.6 point for the week ending October 2, 2008, up from last week when it averaged 6.09 percent. … (0 comments)
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freddie mac: Foreclosures Rise: Behind the Numbers - 09/17/08 02:01 PM
The national numbers are clouding the fact the the number of foreclosures is actually declining in many parts of the country. "Jay Brinkmann, MBA's chief economist and senior vice president for research and economics. Increases in foreclosures seen in California and Florida overshadow improvements seen in states including Texas, Massachusetts and … (7 comments)
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freddie mac: Biggest Financial Bailout in US History - 09/07/08 02:17 PM
Secty of the Treasury Paulson said then that Washington would buy up shares in the two companies and underwrite their ballooning debt ($800bln). The two companies have lent or underwritten about $5.3 trillion of the total $12tn of all outstanding mortgage debt. Something like 4 million homes or 9% of … (8 comments)
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freddie mac: Housing Markets; One Bright Spot - 08/30/08 04:06 PM
Apartment Demand Holding Up But Capital is Hard to Find
Overall, apartment demand is holding up fairly well. Sales volume is down and credit is tight, but Fannie and Freddie have been increasing their exposure in this one relatively bright sector of the housing markets.
Better Renter Profiles
The housing crises … (1 comments)
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freddie mac: Freddie Mac Update:Rates Lower This Week on Housing Weakness - 08/27/08 11:51 AM
The 30-year fixed-rate mortgage: Averaged 6.47 percent with an average 0.7 point for the week ending August 21, 2008, down from last week when it averaged 6.52 percent. Last year at this time, the 30-year FRM averaged 6.52 percent.
15-year fixed-rate mortgage: Averaged 6.00 percent with an average 0.7 point, … (1 comments)
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freddie mac: Fannie and Freddie: Whats Next - 08/24/08 03:38 PM
Investors are selling off Fannie and Freddie's common stock fearing more losses if there is a government bailout. So far, Fannie and Freddie’s shares have lost more than 90 percent of their value this year. Fannie Mae has more than 600 million shares of preferred stock outstanding. Freddie Mac have about … (6 comments)
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freddie mac: Freddie Mac Update: - 08/23/08 06:06 PM
Housing Continues to Show Signs of Weakness
30-year fixed-rate mortgage: Averaged 6.47 percent with an average 0.7 point for the week ending August 21, 2008, down from last week when it averaged 6.52 percent. Last year at this time, the 30-year FRM averaged 6.52 percent.
The 15-year fixed-rate mortgage: Averaged … (3 comments)
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freddie mac: Freddie Mac Update: Long Term Mortage Rates Relatively Unchanged - 08/14/08 11:45 AM
30-year fixed-rate mortgage: Averaged 6.52 percent with an average 0.7 point for the week ending August 14, 2008, unchanged from last week when it averaged 6.52 percent. Last year at this time, the 30-year FRM averaged 6.62 percent. The
15-year fixed-rate mortgage: Averaged 6.07 percent with an average 0.7 point, … (1 comments)
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freddie mac: Freddie Mac:Tried to Fulfill the American Dream - 08/06/08 03:40 PM
Freddie Mac felt it had a mission to help all Americans into a home.....unfortunately, that created so much demand from people who didnt qualify. As a result Freddie Mac built a ship that sailed only in sunny weather.
In 2004, reports the International Herald Tribune, Cheil Excec Richard Syron received a … (0 comments)
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freddie mac: Freddie Mac Update: Inflation Concerns Ease Mortgage Rates Down - 08/02/08 02:18 PM
30-year fixed-rate mortgage: Averaged 6.52 percent with an average 0.7 point for the week ending July 31, 2008, down from last week when it averaged 6.63 percent. Last year at this time, the 30-year FRM averaged 6.68 percent.
The 15-year fixed-rate mortgage: Averaged 6.07 percent with an average 0.6 point, … (0 comments)
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freddie mac: Origins of the Fannie & Freddie Mortgage Mess - 07/26/08 02:56 PM
The Early Origins of the Mortgage Mess
It is interesting how a government agency evolved into some curious form of hybrid, unlike any other. In 1938, to help restart the housing market after the great depression Fannie Mae was created and funded to help provide liquidity to home buyers.
In … (1 comments)
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freddie mac: The New Housing Bill Highlights - 07/24/08 04:38 PM
Although many Republicans were against Bush signing off on a tax payer bail out, Bush did sign. This is one of those things that has critics on both sides. Those who are for it feel it doesnt go far enough in helping the tsunami of foreclosures we will see through 2010. … (3 comments)
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freddie mac: Freddie Mac Update: Rates Wont Rise After All - 07/22/08 04:10 PM
Market Speculation About the Fed's Future Actions Allows Rates to Drop
Freddie Mac vice president and chief economist. "Some of the factors motivating the change in market perceptions this week included retail sales for June rising at the slowest pace since February and consumer sentiment in July holding at low … (0 comments)
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freddie mac: Freddie Mac: Long- and Short-Term Rates All Well Above Figures This Time Last Year - 07/17/08 12:41 PM
30-year fixed-rate mortgage: Averaged 6.37 percent with an average 0.6 point for the week ending July 10, 2008, up from last week when it averaged 6.35 percent. Last year at this time, the 30-year FRM averaged 6.73 percent.
The 15-year fixed-rate mortgage: Averaged 5.91 percent with an average 0.6 point, … (0 comments)
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freddie mac: Freddie Mac and Fannie Mae: An Update. - 07/12/08 03:26 PM
Freddie Mac and Fannie Mae have lost most of their stock value in the past year. Investors are looking at the commitments they have been made and are uncertain that the twin companies actually have the financial health to keep those commitments. As the primary source of funds for home buyers … (0 comments)
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freddie mac: Mortgage Rates Reverse Trend and Fall - 07/10/08 12:55 PM
News of Moderate Inflationary Pressure Helps Ease Rates
30-year fixed-rate mortgage: Averaged 6.35 percent with an average 0.6 point for the week ending July 3, 2008, down from last week when it averaged 6.45 percent. Last year at this time, the 30-year FRM averaged 6.63 percent.
The 15-year fixed-rate mortgage: … (0 comments)
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freddie mac: The Housing Stimulus Bill: An update - 07/06/08 01:44 PM
Congress is about to pass a stimulus bill that will help get us back on the road to recovery. By itself its only a small piece, but we'll take it.
Here Are Some of the Major Provisions
Temporary Home Buyer Tax Credit.
For first-time home buyers, a tax credit … (3 comments)
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freddie mac: Freddie Mac: Mortgage Rates Reverse - 07/04/08 11:51 AM
Trend and Fall Momentary Relief
30-year fixed-rate mortgage: Averaged 6.45 percent with an average 0.6 point for the week ending June 26, 2008. Last year at this time, the 30-year FRM averaged 6.67 percent. The last time the 30-year FRM was higher was the week ending September 6, … (0 comments)
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freddie mac: Freddie Mac: Rates Remain Unchanged - 06/26/08 11:40 AM
The Fed has met and interest rates remain unchanged. In spite of the continuing housing crises, the Fed now seems to be focusing on the cost of oil and some serious inflation coming our way. Monsanto and Dow Chemical have just raised their prices to farmers by 25%. Looks like … (2 comments)
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freddie mac: Freddie Mac: Mortgage Rates Rise - 06/17/08 01:33 PM
McLean, VA Freddie Mac today released the results of its Primary Mortgage Market Survey®.
It seems that the Fed has now tilted towards inflation as a greater problem and will likely not reduce rates at their next meeting. In fact the dollar has been rising in the expectation that rates will … (0 comments)
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freddie mac: Freddie Mac: Long-Term Rates Nearly Unchanged - 06/08/08 01:04 PM
Long-Term Rates Nearly Unchanged
Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey.
30-year fixed-rate mortgage: Averaged 6.09 percent with an average 0.6 point for the week ending June 5, 2008. Last year at this time, the 30-year FRM averaged 6.53 percent.
15-year fixed-rate mortgage: Averaged 5.65 … (0 comments)
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freddie mac: Mortgage Rates Reverse Trend And Rise This Week - 12/20/07 03:27 PM
Freddie Mac today released the results of its Primary Mortgage Market Survey.
1. The 30-year fixed-rate mortgage (FRM) averaged 6.11 percent with an average 0.5 point for the week ending December 13, 2007, up from last week when it averaged 5.96 percent as well. Last year at this time, the 30-year FRM … (0 comments)
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