Tag: Mortgage Rates

U.S. office space demand highest since 2006

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WASHINGTON – Jan. 9, 2015 – DTZ, a commercial real estate services company, reported that U.S. businesses expanded into more office space in 2014 than they have in eight years, and that rents increased in 70 percent of the country.…

30-year mortgage rate drops below 4%

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WASHINGTON – Nov. 21, 2014 – Freddie Mac’s weekly mortgage rate survey found that average rates for a 30-year fixed rate mortgage again dropped below 4 percent, ending the week at a lower 3.99 percent. “If you’re planning to buy…

Fannie Mae changes mortgage loan restrictions

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WASHINGTON – Oct. 17, 2013 – Government-backed mortgages with Fannie Mae will soon undergo new changes through Desktop Underwriter (DU), an automatic program that follows strict guidelines without input from lenders. The new changes will increase flexibility for certain borrowers,…

FHA to tighten some loan rules

WASHINGTON – Jan. 31, 2013 – The Federal Housing Administration (FHA) announced a series of changes to be issued this week. Commissioner Carol Galante calls the changes “essential and appropriate” as the administration tries to bolster its cash reserves in…

U.S. rate on 30-year mortgage dips to 3.38%

WASHINGTON – Jan. 18, 2013 – The average U.S. rate on the 30-year fixed mortgage inched closer to its record low this week, helping to keep home buying more affordable. Mortgage buyer Freddie Mac says the rate on the 30-year…

More luxury homebuyers opt for ARMs

NEW YORK – Oct. 23, 2012 – Once blamed as one of the culprits behind the flood of foreclosures in recent years, adjustable-rate mortgages are back and rising in popularity, particularly among luxury homebuyers, The Wall Street Journal reports. ARMs…

The Fed baits the mortgage hook

WASHINGTON – Oct. 15, 2012 – With the Federal Reserve buying billions of dollars worth of mortgage-backed securities, you might think that mortgage rates are poised to fall even lower than the current rock-bottom levels. Maybe you should wait on…

Monthly Payments for Home Buyers

A home buyer purchasing a typical American home at the prevailing average mortgage rate  today would have a mortgage payment of  $698 a month. This figure is not much different from what a home buyer would have faced 30 years ago. In…