The average 30-year fixed mortgage rate rose from 6.45% to 6.46% for the seven-day period ended Sept. 6, according to Freddie Mac's Primary Mortgage Market Survey.The average 15-year fixed mortgage rate rose from 6.12% to 6.15%, the average rate for five-year Treasury-indexed hybrid adjustable-rate mortgages declined from 6.35% to 6.32%, and the average rate for one-year Treasury-indexed ARMs decreased from 5.84% to 5.74%, Freddie Mac reported. Fees and points averaged 0.5 of a point for fixed-rate mortgages and 0.6 of a point for ARMs. "Over the past week, long-term mortgage rates were largely unchanged as the most recent economic news showed smaller increases than had been expected," said Frank Nothaft, Freddie Mac's chief economist. "For instance, the core personal consumption expenditure price index rose at an annualized rate of only 1.3% in the second quarter, and July's consumer spending data showed a 1.9% gain in the core price index for the 12 months ending in July." A year ago, the average 30-year and 15-year fixed rates were 6.47% and 6.16%, respectively, and the average hybrid and one-year ARM rates were 6.14% and 5.63%, Freddie Mac said. Freddie can be found online at http://www.freddiemac.com.
-
In an interview, Candor Technology's Sara Knochel recounts how she applies her childhood interest in languages and numbers to crucial home lending issues.
7h ago -
Harmonizing standards for liquidity coverage ratios and discount window pledges could prevent the type of strains that led to last year's bank failures, according to a new paper whose authors include former Federal Reserve Govs. Dan Tarullo and Jeremy Stein.
March 27 -
The report seeks to help banks "disrupt rapidly evolving AI-driven fraud," according to Treasury's Nellie Liang. The report found banks have difficulties accounting for AI risks.
March 27 -
The lender accused its former leader of compromising its Fannie Mae seller/servicer number to prevent it from delivering loans.
March 27 -
Equity is entitled to a little over $70,000 worth of damages.
March 27 -
Audited financials, proof of fidelity bonds and errors and omissions insurance must be provided on Ginnie Mae Central after May 13.
March 27