Maryland industry appointments update - 6/1/2007

May 31, 2007

Velocity establishes Midwestern officeMortgagePress.comMidwest mortgages Velocity Commercial Capital has opened a Midwest regional office in Rosemont, Ill., which it felt was necessary to bridge the gap between its Eastern and Western regional offices. "The Midwest presence will surely translate into better customer service and easier interactions throughout the country," said Velocity President Chris Farrar. "We are excited about the growth potential for Velocity in the Midwest." Westlake Village, Calif.-based Velocity Commercial Capital is a nationwide direct wholesale lender specializing in small-balance commercial loans. For more information, call (866) 505-3863 or visit www.velocitycommercial.com.

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May 31, 2007

Analysis and Data

Mortgage Rates Surpass 7% For First Time This Year

Freddie Mac reported the 30-year fixed-rate mortgage averaged 7.10%.

Freddie Mac today released its Primary Mortgage Market Survey, revealing the 30-year fixed-rate mortgage (FRM) averaged 7.10%, breaching the 7% threshold for the first time this year. “The 30-year fixed-rate mortgage surpassed 7% for the first time this year, jumping from...

Analysis and Data

Existing Home Sales Decline By 4.3% In March

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