Mortgage Solutions of Colorado, doing business as Freedom Financial Services, has been approved as a direct seller under the Federal Home Loan Mortgage Corporation, known as Freddie Mac. The decision increases the company’s ability to provide additional financing options to consumers in a competitive marketplace, said Roy Clennan Founder and CEO of Mortgage Solutions. Freddie Mac [...] [...]
Refinancings have decreased in the broader markets due to rising mortgage rates, however a Federal Housing Finance Agency report shows that government-assisted loan modifications and refinancings are on the rise. According to the FHFA’s Third Quarter 2010 Foreclosure Prevention and Refinance Report, refinancings through the Home Affordable Refinance Plan increased 26-percent in the third quarter, [...] [...]
The fear of missing out on historically low interest rates spurred first-time homebuyer activity in November, according to a Campbell-Inside Mortgage Finance study. “The recent surge in interest rates has made potential homebuyers nervous,” said the survey’s Director Thomas Popik. “If rates go up much more, then a good percentage of them will no longer [...] [...]
Mortgage rates on 30-year fixed-rate residential loans averaged 4.39 percent this week, according to a Freddie Mac survey. That’s up from last week’s record low of 4.17 percent, and contrary to the federal reserve’s intent for interest rates after it announced a $600 billion Treasury bond purchase program. Yields on treasury bonds, which are closely tracked by mortgage rates, [...] [...]
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