The FHFA announces new mortgage forbearance guidelines Fannie Mae, Freddie Mac and the Federal Home Loan Banks are taking steps to help people who have been impacted by the coronavirus. If your ability to pay your mortgage has been impacted by the coronavirus (COVID-19), and your loan is owned by Fannie Mae or Freddie Mac, […]
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Mortgage Rates: Mar 26, 2020
Home Loan Rate Trends Mortgage Rates Drop The Federal Reserve’s swift and significant efforts to stabilize the market were much needed and helped mortgage rates drop for the first time in three weeks. Similar to other segments of the economy … Learn more Primary Mortgage Market Survey® by Freddie Mac Mar 26, 2020 30-Year FRM […]
Mortgage Rates: Mar 12, 2020
Home Loan Rate Trends Mortgage Rates Tick Up As refinance applications continue to surge and lenders work to manage capacity, the 30-year fixed-rate mortgage ticked up from last week’s all-time low. Mortgage rates remain at extraordinary levels … Learn more Primary Mortgage Market Survey® by Freddie Mac Mar 12, 2020 30-Year FRM 15-Year FRM 5-Year […]
Mortgage Rates: Feb 27, 2020
Home Loan Rate Trends Mortgage Rates Fall Back Given the recent volatility of the ten-year Treasury yield, it’s not surprising that mortgage rates again have dropped. These low rates … Learn more Primary Mortgage Market Survey® by Freddie Mac Feb 27, 2020 30-Year FRM 15-Year FRM 5-Year ARM Average Rate % 3.45 2.95 3.20 Fees […]
Mortgage Rates: Feb 13, 2020
Home Loan Rate Trends Mortgage Rates Tick Up Slightly With mortgage rates hovering near a five-decade low, refinance application activity is once again surging, rising to the highest level … Learn more Primary Mortgage Market Survey® by Freddie Mac Feb 13, 2020 30-Year FRM 15-Year FRM 5-Year ARM Average Rate % 3.47 2.97 3.28 Fees […]
Private Mortgage Insurance
What is private mortgage insurance? Private mortgage insurance, also called PMI, is a type of mortgage insurance you might be required to pay for if you have a conventional loan (see below). Like other kinds of mortgage insurance, PMI protects the lender — not you — if you stop making payments on your loan. PMI […]
Mortgage Rates: Jan 30, 2020
Home Loan Rate Trends Mortgage Rates Continue to Drop This week’s mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan 30, 2020 30-Year FRM 15-Year FRM 5-Year ARM Average Rate % 3.51 3.00 3.24 Fees […]
Mortgage Rates: Jan 16, 2020
Home Loan Rate Trends Mortgage Rates Generally Hold Steady Mortgage rates inched up by one basis point this week with the 30-year fixed-rate mortgage averaging 3.65 percent. By all accounts, mortgage rates remain low and, along with a strong job market, are fueling the … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan […]
