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mortgage cost: Freddie Mac Weekly Update: 30-year Fixed-Rate Mortgage Matches Yearly Low of 4.71% - 05/05/11 10:20 PM
 
30-year fixed-rate mortgage: averaged 4.78 percent with an averaged 4.71 percent with an average 0.7 point for the week ending May 5, 2011, down  from last week when it averaged 4.78 percent. Last year at this time, the 30-year FRM averaged 5.00 percent.  . The 15-year fixed-rate mortgage: this week  averaged 3.89 percent with an average 0.7 point, down  from last week when it averaged 3.97 percent.  A year ago at this time, the 15-year FRM averaged 4.36 percent. Five-year indexed hybrid adjustable-rate mortgages ARMs: averaged 3.47 percent this week, with an average 0.6 point, down from last week when … (1 comments)

mortgage cost: Fannie Mae Raises Borrowers Costs - 02/09/11 06:05 PM
Costs Will Increase For Buyers Regardless Of Credit WorthinessBeginning April 1, 2011 Fannie Mae will implement a higher interest rate to borrowers even if they have a perfect credit score for all loans term over 15 years. Freddie Mac will change its fee structure changes on of March 1st.Loan Level Price Adjustment Borrowers will be charged either a  higher interest rate derived from the size of the down payment or how much equity is in their home for refis.Banks Get ConservativeRisk vs. Reward New home buyers shopping for mortgages will face these fee increases * Someone buying a home with credit … (2 comments)