Ninety-seven percent of prime borrowers who originally had a conforming adjustable-rate mortgage (ARM) chose a new conforming fixed-rate mortgage (FRM) when they refinanced in the fourth quarter of 2008, according to a report released today by Freddie Mac analyzing refinancings funded by the GSE.
Read More »Weekly Mortgage Rates Drop
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS) for the week ending February 19, 2009, showing that mortgage rates fell for all loan products this week. The GSE reported that the 30-year fixed-rate mortgage (FRM) this week averaged 5.
Read More »Bay State Foreclosure Deeds Jump in January
According to a report released today by Boston-based The Warren Group, foreclosure deeds in Massachusetts climbed during the month of January. Foreclosure petitions were also up from December, but actually declined 39 percent from a year earlier, the research company said.
Read More »Mortgage Apps Up 45 Percent
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 13, 2009. The Market Composite Index, a measure of mortgage loan application volume, increased 45.
Read More »Treasury Report: Banks Are Lending
The U.S. Department of the Treasury released its first monthly bank lending survey on Tuesday, showing that despite the negative effects of the economic downturn and unprecedented financial crisis, the top 20 banks receiving government funding have continued to originate, refinance, and renew loans.
Read More »Report: Foreclosures Drop Off In California
January brought an unexpected, across the board drop, in the total Notices of Default, Notices of Trustee Sale, and sales at auction in California, not only from the prior month, but year-over-year as well, according to a report released by ForeclosureRadar on Thursday.
Read More »Foreclosure Activity Down in January
RealtyTrac released its January 2009 Foreclosure Market Report today, which shows foreclosure filings — default notices, auction sale notices and bank repossessions — were reported on 274,399 U.
Read More »Mortgage Rate Declines Spark Refinancing
Mortgage rates for a 30-year fixed-rate mortgage (FRM) averaged 5.16 percent with an average 0.7 point for the week ending February 12, 2009, according to Freddie Mac’s newly released Primary Mortgage Market Survey.
Read More »Mortgage Apps and Refinances Drop
The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending February 6, 2009. The Market Composite Index, a measure of mortgage loan application volume, was 600.
Read More »Survey: Homeowners' Perceptions of Home Values Improve
American homeowners’ perceptions of the value of their own homes moved more in line with reality at the end of 2008, at least when it came to hindsight, based on a report released by online real estate marketer Zillow on Wednesday.
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