MORTGAGE INTEREST RATE LOCK ADVISORY
30 Day Close: LOCK
The price for 3.50% Mortgage Loans based on MBS is currently down 0.01 point.
MORTGAGE MARKET INDICATORS
- FHLMC Weekly Average:30-Yr Fixed Mortgage Rate, down 0.03% at 4.20% on September 25.
- MBS (3.5%) - Currently 102.1, High: 102.29, Low: 101.96
- DJI Stocks currently $17,009.73, Up $63.93, Change 0.376%
- Asian & European Stock Market Indexes changed 0.234%
- Crude Oil (WTI) Currently $93.03 - Change 0.54%
- Gold 1 Ounce - $1,213.90
GSEs Prevented 80,000 Foreclosures in Q2
Fannie Mae and Freddie Mac prevented nearly 80,000 foreclosures nationwide in the second quarter, raising the total number of foreclosures prevented since the start of the conservatorship in September 2008 to 3.3 million, the Federal Housing Finance Agency (FHFA) indicated in itsreport on foreclosure prevention for Q2 2014 released on September 24.
The measures taken by the two GSEs to prevent foreclosures have helped about 2.7 million borrowers remain in their homes in the last six years, with approximately 1.7 million of those borrowers receiving permanent loan modifications. The number of foreclosures prevented is down 10 percent from Q1, when GSE measures stopped almost 89,000 foreclosures. >>Read More DS News
Comments (2)Subscribe to CommentsComment