Home equity rates for Friday, August 5
Home equity rates fell today. The average rate on a 30K home equity loan fell, the average rate on a 50K home equity loan fell and the average rate on a 30K FICO-based HELOC fell. Home equity rates may fluctuate, but it’s important to remember that they are currently around historic lows. If home improvement […]
Higher bar for reverse mortgage: Can you meet it?
mortgage © Caiaimage/Trevor Adeline/Shutterstock.com A recent change added as many as 2 steps to the process of obtaining a reverse mortgage. The goal is to reduce defaults on reverse mortgage by making certain that borrowers can pay property taxes or home insurance. Steps to determine reverse mortgage eligibility Step 1 is an assessment of your […]
Remarks Adapted from Comments Delivered by Timothy J. …
August 04, 2016 Fannie Mae 2016 Second Quarter Earnings Media Call Remarks Adapted from Comments Delivered by Timothy J. Mayopoulos, President and CEO, Fannie Mae Washington, DC Good morning everyone. Thanks for joining us today as we share our financial results for the second quarter of 2016. We had another quarter of solid financial performance. […]
Mortgage Rates Fall Back Near 2016 Low
MCLEAN, VA–(Marketwired – Aug 4, 2016) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates declining after nudging slightly higher for three consecutive weeks. News Facts 30-year fixed-rate mortgage (FRM) averaged 3.43 percent with an average 0.5 point for the week ending August […]
Wells Fargo rates and news for Thursday, August 4
Riley Arthur/Bankrate Wells Fargo’s rates are staying competitive on mortgages, auto loans and credit cards. Overall, rates on loans are historically low. Those seeking a loan will find it’s a good time to be in the market. Wells Fargo mortgage rates The rate on a 30-year fixed-rate loan from Wells Fargo is 3.625%, around a […]
Mortgage rates for Thursday, August 4
Mortgage rates fell again today. The average rate on 30-year fixed mortgages fell, the average rate on 15-year mortgages fell and the average rate on 5/1 ARMs fell. Rates on mortgages change daily, but overall, they are at near record lows. If you’re in the market to purchase or refinance, it’s a great time to […]
See the home of turbulent TV star Charlie Sheen
Charlie Sheen; Noel Vasquez/Getty Images; House: Redfin Sold: $5.4 million Beverly Hills, California Amenities 6,625 square feet 5 bedrooms 6 bathrooms Backyard with pool, spa and fire pit It probably took more than 2 1/2 men to move Charlie Sheen out of this Los Angeles-area home he sold. According to Variety, the sale marks the […]
Home equity rates for Thursday, August 4
Home equity rates mostly fell today. The average rate on a 30K home equity loan remained unchanged, the average rate on a 50K home equity loan fell and the average rate on a 30K FICO-based HELOC fell. Home equity rates may fluctuate, but it’s important to remember that they are currently around historic lows. If […]
Refinance rates for Thursday, August 4
Wander Women Collective/Getty Images Refinance rates mostly fell today. The average rate on 30-year fixed refinances remained unchanged, the average rate on 15-year refinances fell and the average rate on 10-year refinances fell. While rates on mortgage refinances change daily, overall, they are currently near historical lows. Be sure to shop around for the best […]
Fannie Mae Reports Net Income of $2.9 Billion and …
August 04, 2016 Fannie Mae Reports Net Income of $2.9 Billion and Comprehensive Income of $2.9 Billion for Second Quarter 2016 Pete Bakel 202-752-2034 WASHINGTON, DC – Fannie Mae (FNMA/OTC) today reported its second quarter 2016 results and filed its quarterly report on Form 10-Q for the quarter ended June 30, 2016 with the Securities […]
