Tag: Record Highs
30-year Fixed Mortgage Rates Hold Fast
Rates on 30-year mortgages didn’t budge this week, while rates on other home loans were a mixed bag.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.52 percent for the week ending Aug. 7. That was the same as last week’s rate, which marked the second-highest of the year. The highest — [...]
Posted: August 7th, 2008 under Money, Mortgage Lending, Personal Finance, Real Estate, US Economy.
Tags: 15 Year Mortgage Rates, 30 Year Fixed Mortgage Rates, 30 Year Fixed Rate Mortgages, Adjustable Rate Mortgages, Chief Economist, Drag On, Economic Activity, Fixed Mortgage Rates, Fixed Rate Mortgages, Freddie Mac, Home Loans, Housing Market, Mortgage Company, Msnbc, Record Highs, Ticket Purchases, Week Ending July, Year Fixed Mortgage, Year Fixed Rate Mortgages, Year Mortgage
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Fed to Curb Shady Home-lending Practices
The Federal Reserve will issue new rules next week aimed at protecting future homebuyers from dubious lending practices, its most sweeping response to a housing crisis that has propelled foreclosures to record highs. Fed Chairman Ben Bernanke spoke of the much-awaited rules in a broader speech Tuesday about the challenges confronting policymakers in trying to [...]
Posted: July 9th, 2008 under Federal Reserve, Foreclosures, Loans, Mortgage Lending, Personal Finance, Real Estate.
Tags: Balanced Approach, Ben Bernanke, Board Meeting, Consumer Groups, Credit Crisis, Current Mortgage, Emergency Loan Program, Fed Board, Fed Chairman, Federal Reserve, Foreclosures, Home Loan, Homebuyers, Incomes, Mortgage Bankers Association, Mortgage Lenders, Mortgage Lending, Policymakers, Record Highs, Subprime Borrowers
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