The nuts and bolts of home construction loans
mortgage Mortgage » © sculpies/Shutterstock.com The complexities of home construction loans can hit you like a falling 2-by-4. Be sure you understand the intricacies before you apply. 2 types of construction loans There are 2 main types of home construction loans: Construction-to-permanent: With these loans, the lender advances the money to pay for construction. After […]
Mortgage rates for Monday, August 1
Mortgage rates dropped 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 lock […]
Home equity rates for Monday, August 1
Home equity rates mostly fell today. The average rate on a 30K home equity loan rose, 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 […]
See the home self-help guru Tony Robbins is selling
Tony Robbins: Noam Galai/Getty Images; House: Realtor.com Price: $4 million La Quinta, California Amenities 8,500 square feet 4 bedrooms 6 baths Guesthouse Self-help guru Tony Robbins, who recently hot-footed it over a fire-walk controversy, hopes to motivate a buyer for his home near Palm Desert, California. The stately Tuscan-style compound features an outdoor chef’s kitchen […]
News Release – Fannie Mae Prices New Issue 3-Year …
July 29, 2016 Benchmark Notes Katie Penote 202-752-2261 Fannie Mae Prices New Issue 3-Year Benchmark Notes ® due August 2, 2019 3-Year Pricing Date July 29, 2016 Settlement Date August 2, 2016 Maturity Date August 2, 2019 Issue Size $4 billion Coupon 0.875% Price 99.832 Yield 0.932% Payment Dates Each February 2nd and August […]
Fannie Mae Announces Scheduled Release of Second …
July 29, 2016 Fannie Mae Announces Scheduled Release of Second Quarter 2016 Financial Results Company to Host Media Conference Call Pete Bakel 202-752-2034 WASHINGTON, DC – Fannie Mae (FNMA/OTC) today announced plans to report its second quarter 2016 financial results on Thursday morning, August 4, 2016, before the opening of U.S. financial markets. Fannie Mae […]
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 […]
Ho-hum GDP report keeps lid on mortgages
Vstock LLC/Getty Images Today’s weak report on 2nd quarter gross domestic product is welcome news for mortgage shoppers. Real gross domestic product grew at an annual rate of 1.2% in the 2nd quarter, according to the Department of Commerce. The market expectation had been more like a 2.6% increase. RATE SEARCH: Shop today for a […]
Mortgage rates for Friday, July 29
Mortgage rates mostly fell today. The average rate on 30-year fixed mortgages fell, the average rate on 15-year mortgages remained unchanged and the average rate on 5/1 ARMs rose. 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 […]
Freddie Mac Sets Release Date for Second Quarter 2016 Financial Results
MCLEAN, VA–(Marketwired – Jul 29, 2016) – Freddie Mac (OTCQB: FMCC) announced today that it plans to report its second quarter 2016 financial results before the U.S. financial markets open on Tuesday, August 2, 2016. The company will hold a conference call at 9:00 a.m. Eastern time (ET) on Tuesday, August 2, 2016, to discuss […]
