Justin Sullivan / Getty Images The average U.S. 30-year fixed mortgage rate fell to 2.81% from 2.87%, the lowest in Freddie M data data nearly 50 years back. This year’s reading also lowers the 10th record, reflecting borrowing costs that have boosted the housing market. The epidemic has boosted sales …
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(Reuters) – US homebuilder confidence boosted for a third straight month in August to hit its highest level ever, as record-low interest rates boost the buyer’s sales, data released Monday in the latest indication show that the housing market is a rare bright spot in the economic crisis triggered by …
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Tommaso Boddi / Getty Images Crime for mortgages increased a seasonally adjusted 8.22% in the second quarter to a high of nine, according to a Monday report by the Association of Mortgage Bankers. The nearly 4% jump from the previous quarter was the largest in the survey’s history, according to …
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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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