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Fannie, Freddie appraisal secrecy hurts first-time buyers 

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed-rate mortgage averaged 4.06%, down 1 basis point from last week. The 15-year fixed averaged 3.64%, down 2 basis points from last week. The Mortgage Bankers Association reported a 2.4% percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conf...
Tags: Business, Housing, Los Angeles, Sport, Soccer, Mortgage, Zillow, Freddie Mac, Fred, FHA, Freddie, Laguna Niguel, Fannie Mae, Fannie, Fannie Freddie, Orange Counties


US long-term mortgage rates slip; 30-year average at 4.06%

WASHINGTON (AP) — U.S. long-term mortgage rates fell slightly this week, marking a fourth straight week of declines to lure prospective purchasers in the spring homebuying season. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage slipped to 4.06% from 4.07% last week. By contrast, a year ago the benchmark rate […]
Tags: Business, News, Washington, US, Ap, Freddie Mac


Mortgage rates hit yearly lows

Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year, fixed-rate mortgage.
Tags: Markets & Economy, Mortgage, News Brief, Freddie Mac, Mortgage Rates, Sam Khater


Mortgage rates hit yearly low

Mortgage rates continued to slide downward this week, reaching a new yearly low of 4.06 percent on a 30-year fixed-rate mortgage.
Tags: Radio, Mortgage, Mortgage Rates, Freddie Mac, Markets & Economy, News Brief, Sam Khater


Ben Carson confused 'REO' (HUD real estate term) with 'Oreo' (the cookie)

Ben Carson, who is not known for being the sharpest knife in the drawer, made a real doozy of a gaffe today on Capitol Hill. The Trump administration's Housing and Urban Development Secretary was testifying at a House Financial Services Committee oversight hearing in Washington on Tuesday, and confused 'REO,' meaning HUD real estate owned, with 'OREO,' the delicious sandwich cookie that has two chocolate wafers and creamy vanilla filling. Carson was going back and forth pompously with fresh...
Tags: Post, Politics, News, Washington, US news, United States, Hud, Donald Trump, Ben Carson, Gaffes, Calif, Porter, Freddie Mac, Carson, FHA, Housing and Urban Development


California Home Sales Stumble into Spring Home Buying Season as Median Price Sets Another Record, C.A.R. reports

Existing, single-family home sales totaled 396,760 in April on a seasonally adjusted annualized rate, down 0.1 percent from March and down 4.8 percent from April 2018.April’s statewide median home price was $602,920, up 6.5 percent from March and up 3.2 percent from April 2018.Sales of condominiums/townhomes were down 3.8 percent from a year ago in April, while the median price was $470,000.Year-to-date sales were down 7.3 percent in April Los Angeles, CA – May 16, 2019 (PRNewswire) Californi...
Tags: California, Sacramento, Los Angeles, San Francisco, Car, Radio, United States, San Diego, Kings, Nevada, Napa, Orange, Santa Clara, Sonoma, Ventura County, Central Valley


US long-term mortgage rates fall; 30-year average at 4.07%

WASHINGTON (AP) — U.S. long-term mortgage rates fell slightly this week, marking a third straight week of declines as a continued inducement to purchasers in the spring homebuying season. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage eased to 4.07% from 4.10% last week. By contrast, a year ago the […]
Tags: Business, Real Estate, News, Washington, US, Economy, Ap, Nation, Freddie Mac


Realtors® Applaud Sens. Perdue, Menendez for Introducing Bill Addressing G-Fee Issues

Washington, D.C. – May 15, 2019 (nar.realtor) NAR President John Smaby issued the following statement following the introduction of S.1463 in the Senate. The legislation, officially noted as a bill to “establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit,” was introduced by Senators David Perdue (R-GA) and Bob Menendez (D-NJ) on Tuesday afternoon. “The National Associatio...
Tags: Real Estate, News, Congress, Washington, Senate, America, Radio, Perdue, Freddie Mac, NAR, Bob Menendez, Freddie, Menendez, Fannie Mae, National Association of Realtors, Real Estate News


New FHFA Director Speaks to Realtors® on Fannie Mae, Freddie Mac Reform Share Facebook Twitter LinkedIn Print

Washington, D.C. – May 14, 2019 (nar.realtor) Today, at the National Association of Realtors®’ Regulatory Issues Forum, newly-appointed Federal Housing Finance Agency Director Mark Calabria spoke to hundreds of Realtors® and industry leaders regarding his vision for the future of Fannie Mae and Freddie Mac. Tuesday’s forum also presented an opportunity for NAR to highlight its housing finance reform plan, which proposes a utility model to ensure a reliable and affordable source of mortgage capit...
Tags: Real Estate, News, Congress, Washington, America, Radio, Capitol Hill, Vanity Fair, Freddie Mac, Calabria, NAR, McLean, Enron, Springfield Massachusetts, Springfield Missouri, Freddie


US long-term mortgage rates decline; 30-year average 4.10%

WASHINGTON (AP) — U.S. long-term mortgage rates declined this week for a second straight week, reversing the upward trend in April as a lure to potential home buyers. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage fell to 4.10% from 4.14% last week. By contrast, a year ago the benchmark […]
Tags: Business, News, Washington, US, Ap, Nation, Freddie Mac


US long-term mortgage rates down; 30-year average at 4.14%

WASHINGTON (AP) — U.S. long-term mortgage rates fell this week after four weeks of increases, giving a boost to prospective home buyers during the spring sales season. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage dropped to 4.14% from 4.20% last week. By contrast, a year ago the benchmark rate […]
Tags: Business, News, Washington, US, Ap, Nation, Freddie Mac


The Best Interest Rates for May 2019

F inding the best interest rates is a lot easier today than it was even a few years ago. Here at Dough Roller, we track rates on everything from checking and savings accounts to mortgages to CDs. It occurred to me, however, that there was no one single page on the site where you could find the top rate for each type of account. So we created this page, updated monthly, to track the highest (or lowest) rates available. Deal of the Day : American Express® Personal Savings is offering a terrific ...
Tags: Marketing, Banking, Lendingtree, Freddie Mac, FDIC, BMO Harris Bank, FNBO Direct, Ally Bank, Best Credit Card Interest Rates Credit Cards, APY, BBVA Compass, Vio Bank, Banesco USA, Tab Bank, Comenity Direct, First National Bank of America


Mortgage competition banned at Laguna Woods co-ops

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year averaged 4.20%, up 3 basis points from last week. The 15-year fixed rate averaged 3.64%, up 2 basis points from last week. The Mortgage Bankers Association reported a 7.3% percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conforming $484,350 lo...
Tags: Business, Real Estate, California, Housing, Los Angeles, Sport, Soccer, Mortgage, Orange County, Craig, Freddie Mac, FHA, HANNAH, Laguna Niguel, Mike Hannah, National Cooperative Bank


US long-term mortgage rates up for 4th week; 30-year 4.20%

WASHINGTON (AP) — U.S. long-term mortgage rates rose this week for the fourth straight week, though they remain historically low as a spur to home sales in the spring buying season. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage increased to 4.20% from 4.17% last week. By contrast, a year […]
Tags: Business, News, Washington, US, Ap, Nation, Freddie Mac


Florida’s Housing Market: Pending Sales, Median Prices Up in March 2019

Orlando, FL – April 22, 2019 (PRNewswire) Florida’s housing market reported more pending sales, higher median prices and increased inventory (active listings) in March compared to a year ago, according to the latest housing data released by Florida Realtors®. Sales of single-family homes statewide totaled 25,013 last month, about the same level as March 2018. “Along with low mortgage rates, the pressure on home prices is easing due to increased inventory, which is a positive trend for...
Tags: Florida, Real Estate, New York, Maryland, California, Massachusetts, Radio, Connor, March, Orlando, Freddie Mac, Real Estate News, Brad O Connor, Florida Realtors ® Media Center, Florida Realtors, Florida Realtors Media Center


Existing-Home Sales Slide 4.9% in March

Washington, D.C. – April 22, 2019 (nar.realtor) Existing-home sales retreated in March, following February’s surge of sales, according to the National Association of Realtors®. Each of the four major U.S. regions saw a drop-off in sales, with the Midwest enduring the largest decline last month. Total existing-home sales1, https://www.nar.realtor/existing-home-sales, completed transactions that include single-family homes, townhomes, condominiums and co-ops, fell 4.9% from February to ...
Tags: Real Estate, News, Washington, America, Radio, West, March, South, Midwest, Freddie Mac, Northeast, COLUMBUS Ohio, NAR, U S Census Bureau, National Association of Realtors, Midland Texas


Corporate Surveillance: When Employers Collect Data on Their Workers

An anonymous reader quotes CNBC: The emergence of sensor and other technologies that let businesses track, listen to and even watch employees while on company time is raising concern about corporate levels of surveillance... Earlier this year, Amazon received a patent for an ultrasonic bracelet that can detect a warehouse worker's location and monitor their interaction with inventory bins by using ultrasonic sound pulses. The system can track when and where workers put in or remove items from th...
Tags: Amazon, Microsoft, Tech, Walmart, UPS, Eff, Accenture, Cbre, Cnbc, Freddie Mac, Workplace Analytics, Kory Lundberg


6 turbo-charged ideas for boosting your home purchasing power

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate rose for the third consecutive week, averaging 4.17%, up 5 basis points from last week. The 15-year fixed rate averaged 3.62%, up 2 basis points from last week. The Mortgage Bankers Association reported a 3.5% decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-ye...
Tags: Business, Real Estate, California, Housing, Los Angeles, Sport, Soccer, Social Security, Va, San Diego, Mortgage, Ira, Orange, Freddie Mac, FHA, Laguna Niguel


Are Low Interest Rates Here to Stay?

Interest rates for a 30-year fixed rate mortgage have been on the decline since November, now reaching lows last seen in January 2018. According to Freddie Mac’s latest Primary Mortgage Market Survey, rates came in at 4.12% last week! This is great news for anyone who is planning on buying a home this spring! Freddie […]
Tags: Radio, Freddie Mac, Market Information, real estate San Jose


Energy loans plunge in Calif. after income-qualifying laws took effect

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30 — year fixed rate averaged 4.12%, up 4 basis points from last week. The 15 — year fixed rate averaged 3.60%, also up 4 basis points from last week. The Mortgage Bankers Association reported a 5.6% percent decrease in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30 — year fixed rate on a ...
Tags: Business, Real Estate, California, Housing, Senate, Los Angeles, Sport, Soccer, Mortgage, Riverside County, Irs, Southern California, Calif, Freddie Mac, FHA, SCHMIDT


US long-term mortgage rates rise; 30-year at 4.12%

WASHINGTON (AP) — U.S. long-term mortgage rates rose moderately this week, remaining at historically low levels that can lure potential purchasers in the spring homebuying season. Mortgage buyer Freddie Mac said Thursday the average rate on the 30-year, fixed-rate mortgage increased to 4.12% from 4.08% last week. Two weeks ago, the benchmark loan rate marked […]
Tags: Business, News, Washington, US, Ap, Nation, Freddie Mac


Fannie’s decision to use real estate agents as appraisers is risky

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed rate averaged 4.06%, up 2 basis points from last week. The 15-year fixed rate averaged 3.56%, down 1 basis points from last week. The Mortgage Bankers Association reported a crushing 18.6% increase in loan application volume from the previous week. Bottom line: Assuming a borrower gets the average 30-year fixed rate on a conform...
Tags: Business, Real Estate, Congress, Housing, Los Angeles, Sport, Soccer, Mortgage, Orange, Freddie Mac, FHA, Freddie, Laguna Niguel, Fannie Mae, Fannie, the Mortgage Bankers Association


US mortgage rates move little after big drop; 30-year 4.08%

WASHINGTON (AP) — U.S. long-term mortgage rates moved little this week after the key 30-year loan rate marked its steepest weekly drop in a decade the week before. Mortgage buyer Freddie Mac says the average rate on the 30-year, fixed-rate mortgage ticked up to 4.08% from 4.06% — which had plunged from 4.28% last week. […]
Tags: Business, News, Washington, US, Ap, Nation, Freddie Mac


Voice for Real Estate – Self-employed Loans, Staging, Federal Policy

Real estate agents earning commission income should find lenders more receptive to their application because Fannie Mae and Freddie Mac have made it easier, cheaper, and less risky for lenders to consider them for a home loan.
Tags: Real Estate, Radio, Freddie Mac, Fannie Mae, General Interest, Voice for Real Estate


Median-Priced Homes Not Affordable For Average Wage Earners In 71 Percent Of U.S. Housing Markets

Home Prices Less Affordable Than Historic Average in 49 Percent of Local Markets; 65 Percent of Markets Less Affordable Than a Year Ago Irvine, CA – March 28, 2019 (PRNewswire) ATTOM Data Solutions, curator of the nation’s premier property database and first property data provider of Data-as-a-Service (DaaS), today released its Q1 2019 U.S. Home Affordability Report, which shows that median home prices in the first quarter of 2019 were not affordable for average wage earners in 335 of 473 U...
Tags: Real Estate, San Francisco, Radio, Bureau of Labor Statistics, United States, Freddie Mac, Orange County California, Maricopa County Arizona, HARRIS COUNTY Texas, Real Estate News, U S Bureau of Labor Statistics, Los Angeles County California, San Diego County California, Marin County California, Maui County Hawaii, Riverside County California


Realtors® Respond as Trump White House Calls for Plan to End Conservatorship

NAR emphasizes industry consensus apparent during Senate Banking Hearings on GSE Reform this week Washington, D.C. – March 27, 2018 (nar.realtor) This week, the Senate Banking Committee advanced conservations on GSE reform by welcoming various housing industry leaders to testify before their committee, including NAR President-Elect Vince Malta. Also on Wednesday, the White House announced that President Trump directed the Treasury Department to develop a white paper with a proposal to end co...
Tags: Washington, Senate, White House, America, Radio, Capitol Hill, Trump, Freddie Mac, U S Treasury, Treasury Department, NAR, Sherrod Brown, Fannie Mae, Trump White House, National Association of Realtors, Real Estate News


The Best Interest Rates for April 2019

F inding the best interest rates is a lot easier today than it was even a few years ago. Here at Dough Roller, we track rates on everything from checking and savings accounts to mortgages to CDs. It occurred to me, however, that there was no one single page on the site where you could find the top rate for each type of account. So we created this page, updated monthly, to track the highest (or lowest) rates available. Deal of the Day : American Express® Personal Savings is offering a terrific ...
Tags: Marketing, Banking, Bank, Lendingtree, Freddie Mac, FDIC, West End bank, FNBO Direct, Ally Bank, Best Credit Card Interest Rates Credit Cards, APY, Sallie Mae Bank, Vio Bank, Banesco USA, APY Rising Bank, APY TAB Bank


Agents see growing demand as mortgage rates plummet

Like an avalanche growing larger as it tumbles down a mountain, agents are seeing swelling demand from buyers as mortgage interest rates plummet.
Tags: Interest Rates, Analysis, Radio, Agent, Federal Reserve, Freddie Mac, Markets & Economy, Select, Dex Lipovic, Jim Weix, Dana Rice, Kevin Vandenboss


Mortgage rate plunge lowers a no-cost, 30-year fixed refi to 3.9%

What’s up with mortgage rates? Jeff Lazerson of Mortgage Grader in Laguna Niguel gives us his take. Rate news summary From Freddie Mac’s weekly survey: The 30-year fixed is at its lowest level in 14 months, this week averaging 4.06 percent, down an astounding 22 basis points from last week. The 15-year fixed rate averaged 3.57 percent, down 14 basis points from last week. The Mortgage Bankers Association reported an 8.9 percent increase in loan application volume from the previous week. Bottom l...
Tags: Business, Real Estate, Housing, Los Angeles, Sport, Soccer, Va, Mortgage, Orange County, Orange, Southern California, Freddie Mac, FHA, SCHMIDT, Laguna Niguel, U S Treasuries


LGBT Homeownership Lags National Rate, as Discrimination Fears Obstruct Progress

When it comes to homeownership, discrimination fears are impeding LGBT renters, who are concerned about navigating the process, and how their neighborhood would receive them, new research reveals. According to the National Association of Gay and Lesbian Real Estate Professionals —in collaboration with Freddie Mac—discrimination is a fear for 46 percent of LGBT renters. Although the Code of Ethics of the National Association of REALTORS® bans discrimination due to sexual orientation and/or gende...
Tags: News, Congress, Washington, White House, Radio, National, Berger, Wells Fargo, Latest News, Freddie Mac, Housing Discrimination, Suzanne De Vita, NAGLREP, LGBT Housing Policy Summit, Jeff Berger, LGBT Homeownership