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Mortgage Rates for Wednesday May 6, 2015

The nation's top mortgage lenders are reporting rates are slightly higher for this Wednesday May 6. 2015. The national average also remains a bit higher than the all time lows that we saw at the beginning of the year. However, rates are still very good and people are... read more

Housing Recovery Continues, But at Slower Pace

Real estate markets in 68 of the approximately 360 metro areas across the U.S. have returned to or exceeded their last normal levels of economic and housing activity in the 1st quarter of 2015, according to the National Association of Home Builders/First American... read more

Mortgage Rates for Tuesday May 5, 2015

Current mortgage rates at the nation's top lenders are mostly stable for this Tuesday's report. The national average is also pretty much the same with rates ticking up these past two weeks but not by much, and they still remain at all time lows. Here is a short list... read more

Fannie Mae Issues $10.4 Billion of Multifamily MBS

Fannie Mae announced today that the government sponsored lending giant issued $10.4 billion of multifamily Mortgage Backed Securities MBS in the first quarter of 2015, primarily through its Delegated Underwriting and Servicing (DUS®) program. Fannie had also... read more

DARE Mortgage Assistance Program for Rhode Island Homeowners

A new Rhode Island foreclosure prevention and mortgage assistance program operated by the Direct Action for Rights and Equality or DARE is helping homeowners find solutions to save their homes. A recent news article below in the Providence Journal showed exactly what... read more

Mortgage Rate Report for Monday May 4, 2015

Monday's mortgage rates from the nation's top lenders are higher this morning. Freddie Mac said last week that the national average for conforming rates rose slightly but remain near historic lows. Freddie reported the national average for a 30-year fixed-rate... read more

NAACP “Help & Hope For Homeowners” Tour Hits Chicago

The Illinois chapter of the NAACP announced today the first in a series of mortgage outreach events for struggling homeowners that will be held across the country in partnership with organizations such as Ocwen Financial Corporation (NYSE: OCN). The purpose of these... read more

Pending Home Sales Rise for Third Consecutive Month

The National Association of Realtors® (NAR) said today that pending home sales were on the way up in March which was the third consecutive month. According to the NAR stats, sales have remained at their highest level since June 2013. Pending home sale contracts had... read more

Mortgage Rates for Tuesday April 28, 2015

Current mortgage rates for this Tuesday morning are slightly higher than yesterday's report. The Federal Housing Finance Agency said today that rates on conventional purchase mortgages had increased slightly from February to March. The national average contract rate... read more

Current Mortgage Rates for Monday April 27, 2015

Mortgage rates at the nation's top lenders this Monday morning are mostly the same as Friday, with some lenders dropping rates on select loan programs which are noted below. The current national average for the 30-year fixed rate mortgage and 15-year rates are still... read more