Mortgage Rates Drop as Unemployment Rises
November 25, 2009 · Comment
According to Freddie Mac, the average rate on a 30 year fixed rate mortgage, as reported on Nov. 12, is now at 4.83%, perilously close to the all time low of 4.71% set back in April of this year.
For those who can afford higher payments, a 15 year fixed rate mortgages now average 4.32%, which [...]
Freddie Mac Raises Mortgage Fees
January 30, 2009 · Comment
Freddie Mac is raising costs for some home mortgage borrowers, following similar fee increases by competitor Fannie Mae.
The new fees affect mortgages for condominiums, interest only loans, home equity loans. Borrowers with low credit scores and low down payments are also affected.
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