Apply Online Today!

Zip Code:
Loan Purpose:



Mortgage News for Thursday - April 1, 2004

More Mortgage News
• Mortgage rates continue slow rise
• Feds to Mortgage Giant Fannie: Shut Up
• Nevada regulators target mortgage, insurance offenders
• State provides $2M for home buyers
• Mortgage Giant Freddie Mac Directors Re-Elected
• Hud Reform Proposal Stalls As Bureaucrats Regroup
• Mortgage giant Fannie Mae regulator identifies accounting concern
• U.K.'s Brown Question Time: Jobs, BOE, Mortgage Regulations
• Done deal: BofA, Fleet merger
• Housing developers descend on Brockton
• Closing-cost reform movement lives on
• Serial mortgage refinancers: Beware tax pitfalls on points
• Get Extra-Low Mortgage Rates
• Closing costs: highs, lows and averages
• Rate rise fails to stop the house price boom
• Free seminar to offer advice to renters on ways to buy a home
• Get Extra-Low Mortgage Rates
• Mortgage equity withdrawal at new record
• Homebuyers Surf Web For More Information
• Make your own mortgage closing-cost rules
• Statement by Richard F. Syron, Chairman & C.E.O. of Mortgage giant Freddie Mac
• Paramount Bank Appoints Bob Waun Private Mortgage Lending Vice-President
• Mortgage Companies Offer 'Energy-Efficient' Home Loans
• Homebuyers Enjoy Dip in Mortgage Interest Rates
Mortgage News
Mortgage rates continue slow rise - 2004-04-01
For the second straight week, mortgage rates moved a little higher. Freddie Mac's weekly report puts the average 30-year, fixed-rate mortgage at 5.52 percent, higher from last week's 5.4 percent.

That's still below year ago levels, when 30 year mortgages were averaging 5.79 percent.

The average rate on a one year adjustable rate mortgage was 3.46 percent, up from 3.36 percent a week ago.
Read the full story at Baltimore Business Journal
 
Feds to Mortgage Giant Fannie: Shut Up - 2004-04-01
If investors were baffled over a statement Wednesday from Fannie Mae's federal regulator, they aren't anymore.

Apparently discomfited by some garden-variety spin, the Office of Federal Housing Enterprise Oversight took the unusual step Thursday of accusing Fannie of making misleading statements to the press. It then laid out some specific and troubling concerns about the mortgage giant's accounting policies.
Read the full story at TheStreet.com
 






down payment
types of mortgages
closing costs
finding lenders
the do's and don'ts of mortgages
mortgage glossary



 
Copyright © 1999-2003. Mortgages Magazine Inc., LLC All Rights Reserved.
DISCLAIMER