Mortgage Interest Rate Average Falls To 4.78 Percent
Interest rates for 30-year fixed rate mortgages averaged 4.78 percent this week, according to Freddie Mac. That's down from an average 4.85 percent last week.
That's the lowest rate since 1971, when Freddie Mac began tracking mortgage interest rates on a weekly basis.
Here are some other average rates…
Ilyce Glink Show Notes - March 29, 2009
Early in today's show, I took a call from Mike who said he had filed for bankruptcy 9 years ago, amid a tough and expensive divorce battle and custody fight. He managed to re-establish his credit, but had rebuilt his credit card debt to about $30,000.
He's working three jobs (he said he has no…
Mortgage loan application volume surged 32 percent last week, according to the Mortgage Bankers Association. That means the number of applications filed for new mortgage loans increased.
The mortgage loan application volume also increased 18 percent from the same week a year ago, MBA announced.
…
Ilyce Glink Show - March 22, 2009
Blog: Making Home Affordable Mortgage Modification
Here's the updated FAQ from the White House on the Modification program under the new Making Home Affordable program. For more information, check out MakingHomeAffordable.gov.
HOME AFFORDABLE MODIFICATIONS
Q: Can Making Home Affordable help me if my loan is not owned or securitized by Fannie Mae or…
Making Homes Affordable: Refinance
Along with the launch of the MakingHomesAffordable.gov website, the White House released an updated FAQ about the refinancing and modification programs. Here's the refinance FAQ. I'll post the modification FAQ next.
BORROWER FREQUENTLY ASKED QUESTIONS UPDATED MARCH 18, 2009
What is “Making Home…
Making Home Affordable Web Site Debuts
The federal government launches a new Web site today: MakingHomeAffordable.gov
The site is geared to two main groups: homeowners whose homes have lost value and cannot refinance; and homeowners who are having trouble making mortgage payments because their loans have increased interest rates or…
Freddie Mac Shares At 42 Cents
Freddie Mac announced fourth quarter 2008 and full year results today, after the closing bell. It made me curious to see what was the company's current stock price. It closed at 42 cents a share today. It fell 2 cents to 40 cents a share in after hours trading.
If the company doesn't raise its share…
Mortgage Lending Reform Testimony
Sandra F. Braunstein, Director, Division of Consumer and Community Affairs, Federal Reserve Mortgage lending reform Before the Subcommittee on Financial Institutions and Consumer Credit, Committee on Financial Services, U.S House of Representatives, Washington, D.C. March 11, 2009
Chairman Gutierrez…
Financial Crisis Testimony From Secretary Geithner March 3, 2009
U.S. Treasury Secretary Tim Geithner Written Testimony -- As prepared for delivery House Ways and Means Committee Hearing March 3, 2009
Chairman Rangel, Ranking Member Camp, members of the Committee, thank you for providing me the opportunity to appear before you today to discuss the President's…
