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Freddie Mac

Mortgage Rates Decline and Head Below the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) slightly down from the previous week with the 30-year FRM dipping just below four percent to 3.99 percent, with an average 0.5 point for the week ending Nov. 20, 2014. This total was down from last week when it averaged 4.01 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Existing-Home Sales See October Upswing

House Keys/Credit: Digital Vision

Existing-home sales rose in October for the second straight month and are now above year-over-year levels for the first time in a year, according to the National Association of Realtors (NAR). Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, rose 1.5 percent to a seasonally adjusted annual rate of 5.26 million in October from an upwardly-revised 5.18 million in September.Click to continue

FHFA: G-Fees Increase an Average of 51 BP in 2013

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The Federal Housing Finance Agency (FHFA) has released its sixth annual report on the single-family guarantee fees (g-fees) charged by Fannie Mae and Freddie Mac.Click to continue

An NMP Exclusive: An Interview With Paul Anastos, President of Mortgage Master, a Division of loanDepot LLC

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Paul Anastos is president of Mortgage Master, one of the country’s largest privately-owned mortgage companies headquartered in Walpole, Mass. The company, founded by Leif Thomsen in 1988, just agreed to merge with loanDepot LLC the nation’s second largest non-bank consumer lender.Click to continue

Elizabeth Warren Takes Jabs at Obama, the Fed and the FHFA

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Sen. Elizabeth Warren (D-MA) has taken new aim at the Obama Administration, Federal Reserve and the Federal Housing Finance Agency (FHFA) with the public charges that they are not doing enough to help the public struggling in the still-weak economy.Click to continue

Fixed-Rates Level Off, Remain in the Four Percent Range

House for Sale/Credit: Creatas

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates little changed from the previous week with the 30-year mortgage still hovering around four percent. The 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending Nov. 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.Click to continue

GSEs Rake in Billions in Q3 Profits

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If the financial health of the government-sponsored enterprises (GSEs) could be summarized in a single word, it could easily be “Ka-Ching!” According to new data issued today, both Fannie Mae and Freddie Mac generated billions of dollars during the third quarter of 2014.Click to continue

Fixed-Rate Mortgages Rise Over the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moving higher for the second consecutive week amid better than expected economic data. The 30-year FRM averaged 4.02 percent with an average 0.5 point for the week ending Nov. 6, 2014, up from last week when it averaged 3.98 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent.Click to continue

Mortgage Rates Rebound, Remain Below the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moved higher across the board this week, rebounding from the lowest rates of the year of 3.92 percent.Click to continue

Commercial-Multifamily Originations See 18 Percent Quarterly Rise

Commercial Real Estate

According to the Mortgage Bankers Association’s (MBA) Quarterly Survey of Commercial/Multifamily Mortgage Bankers Originations, third quarter 2014 commercial and multifamily mortgage loan originations were 16 percent higher than during the same period last year, and 18 percent higher than the second quarter of 2014.Click to continue