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Posts Tagged ‘ Lower ’

“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

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“No, Mortgage Rates Are No Longer “Sharply Lower” This Week!”

From Matthew Graham at Mortgage News Daily: No, Mortgage Rates Are No Longer “Sharply Lower” This Week! Mortgage rates were sharply higher today, with the average 30yr fixed rate quote rising by almost an eighth of a percentage point in some cases. A move of that magnitude in one day is the sort of...
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Fannie and Freddie Results in Q1: REO inventory declines, “Lower demand for foreclosed properties”

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Fannie and Freddie Results in Q1: REO inventory declines, “Lower demand for foreclosed properties”

From Fannie Mae: • Fannie Mae reported net income of .3 billion, the company’s ninth consecutive quarterly profit, and comprehensive income of .7 billion for the first quarter of 2014.• Fannie Mae’s financial results for the first quarter of 2014 included .1 billion in revenue from legal settlements relating to private-label securities lawsuits.• Fannie...
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