Mortgage rates are still close to record lows, but that makes owning a home no longer cheaper for home buyers. The 30-year fixed-rate mortgage averaged 2.91% for the week ending August 27, falling eight basis points the week before, Freddie Mac FMCC, + 0.46% reported Thursday. The 15-year fixed-rate mortgage …
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Although they are rising, mortgage rates remain below 3%. But a rise in house prices threatens to make buying a home unreachable for many Americans. The 30-year fixed-rate mortgage averaged 2.99% for the week ending August 20, and increased three basis points the week before, Freddie Mac FMCC, -0.67% reported …
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getty With mortgage rates still on historical lows, it may seem like a good time to refinance. Kick off September 1sthowever, the cost of refinancing a mortgage goes up because of economic risks associated with Covid-19. Both Freddie Mac and Fannie Mae have announced a new mortgage rate of 0.5%. …
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WASHINGTON – The Trump administration has criticized a move by mortgage lenders Fannie Mae and Freddie Mac to impose a new fee on certain mortgages, saying it would be detrimental to consumers. “The White House has serious concerns about this action, and is monitoring it,” a senior White House official …
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Text size Andrew Harrer / Bloomberg With interest rates on historic leases, a new fee could make it more expensive to refinance your mortgage, experts say. Fannie Mae (ticker: FNMA) and Freddie Mac (FMCC) announced a new 0.5% fee on limited cash-out refinances and cash-out refinances on Wednesday night. The …
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