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Posts Tagged ‘ Freddie ’

Freddie Mac expects strong spring home buying

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Freddie Mac expects strong spring home buying

The housing market is poised for an uptick in home sales during the traditional spring buying season, as employment improves and rates remain low, Freddie Mac said in its April 2011 economic outlook released Wednesday. Overall, Freddie Mac said home sales will up-tick 5% in 2011 compared to 2010 — a projected 4.9 million...
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Majority of Freddie Mac borrowers refinanced to fixed-rate loans in 4Q

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Majority of Freddie Mac borrowers refinanced to fixed-rate loans in 4Q

Fixed-rate mortgages accounted for the overwhelming majority of fourth-quarter refinancing on Freddie Mac loans. More than 95% of borrowers refinanced to a fixed-rate mortgage, with a strong trend toward shorter-term deals, according to the agency's quarterly Product Transition Report. Of the borrowers who refinanced from a 30-year FRM, almost one-third chose a 15- or...
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Freddie Mac: Mortgage rates rise for fourth consecutive week

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Freddie Mac: Mortgage rates rise for fourth consecutive week

Mortgage rates rose for the fourth consecutive week, according to the Freddie Mac Primary Mortgage Market survey released Thursday. Frank Nothaft, chief economist at the government-sponsored entity, said rates followed suit behind bond yields, which increased during the week due to more investment. He said investment spawned from stabilization in Europe's debt situation. Freddie...
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Freddie Mac survey shows mortgage rates at highest level since August

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Freddie Mac survey shows mortgage rates at highest level since August

Mortgage interest rates increased for the first time in two months to move away from historic lows while remaining considerably lower than a year ago. Freddie Mac said its Primary Mortgage Market Survey showed the average 30-year, fixed-rate mortgage rose to 4.39% this week from 4.17% a week earlier. The average rate for the...
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FHFA finalizes housing goals for Fannie, Freddie

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FHFA finalizes housing goals for Fannie, Freddie

The mortgage finance space may remain divided on the future of government sponsored enterprises, Fannie Mae and Freddie Mac, but that isn't stopping the Federal Housing Finance Agency from regularly updating housing goals for the securitizers. In May, the FHFA set new housing purchase goals for Federal Home Loan Banks. The FHFA proposed the...
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