Mortgage rates hit 2nd lowest level of 2016
mortgage Mortgage interest rates dipped for the first time in a month and fell to their second lowest level of 2016. Rates first plummeted in late June after the so-called Brexit referendum in which United Kingdom voters signaled their wish to leave the European Union. RATE SEARCH: Shop for the best mortgage rates today at […]
Reverse mortgage hides expensive surprise
mortgage Dear Dr. Don,When I applied for a reverse mortgage a while back, my home was appraised at $252,000. I had a mortgage balance of about $142,963. After all of the paperwork was signed, I received $9,497. The total amount of the loan was $152,460. Within 6 months, the loan ballooned to $162,000, with interest […]
Big problem getting a little mortgage
Rob Marmion/Shutterstock.com Good luck if you want a mortgage for less than $50,000. A small-dollar mortgage is hard to get, and that’s a problem, say Ellen Seidman and Matt Bai, in a report “Where have all the small loans gone?”) for the Urban Institute. “The absence of small loans may seem insignificant in high-cost markets, […]
Mortgage rates for Wednesday, August 3
Mortgage rates dropped 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 […]
Home equity rates for Wednesday, August 3
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 […]
Freddie Mac Prices $1 Billion Multifamily K-Deal, K-056
MCLEAN, VA–(Marketwired – Jul 29, 2016) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates), which are multifamily mortgage-backed securities. The company expects to issue approximately $1 billion in K Certificates (K-056 Certificates), which are expected to settle on or about August 10, 2016. This offering includes two […]
Freddie Mac Prices $1.1 Billion Multifamily K-Deal, K-F19
MCLEAN, VA–(Marketwired – Aug 2, 2016) – Freddie Mac (OTCQB: FMCC) recently priced a new offering of Structured Pass-Through Certificates (K Certificates) backed by floating-rate multifamily mortgages with predominantly 7-year terms. The approximately $1.1 billion in K Certificates (K-F19 Certificates) are expected to settle on or about August 17, 2016. K-F19 Pricing […]
Freddie Mac Prices Tenth Guaranteed Multifamily Small Balance Loan Securitization of 2016
MCLEAN, VA–(Marketwired – Aug 2, 2016) – Freddie Mac (OTCQB: FMCC) announces the pricing of the SB20 offering, a multifamily mortgage-backed securitization backed by small balance loans underwritten by Freddie Mac and issued by a third-party trust. The company expects to guarantee approximately $268 million in Multifamily SB Certificates (SB20 Certificates), which are anticipated to […]
Freddie Mac Releases Multifamily Mid-Year Outlook
MCLEAN, VA–(Marketwired – Aug 2, 2016) – The Freddie Mac (OTCQB: FMCC) Multifamily Research Group today released its Multifamily Mid-Year Outlook for 2016. A video preview along with the complete Outlook is available here. Outlook Highlights: Nationally, multifamily origination volumes are on track to increase seven percent and set a new annual record of $280 billion […]
Freddie Mac Reports Second Quarter 2016 Financial Results
MCLEAN, VA–(Marketwired – Aug 2, 2016) – Freddie Mac (OTCQB: FMCC) today reported its second quarter 2016 financial results and filed its quarterly Form 10-Q with the U.S. Securities and Exchange Commission (SEC). The company’s Form 10-Q and press release are available now on the company’s website, www.freddiemac.com/investors, along with the second quarter 2016 financial results […]
