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30-Year Mortgage Rates Surge To 3.69%; Biggest 1-Week Jump In 5 Months

Prepared by Dan Green, mortgage market expert Current Mortgage Rates Now Average 3.69% Suddenly, current mortgage rates are at a 6-week worst. According to Freddie Mac’s weekly Primary Mortgage Market Survey, 30-year conventional fixed-ratemortgage rates climbed sharply last week, reaching 3.69%, on

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Low Down Payment Home Loans: Which is Best for You?

Changes to FHA loans and new 3-percent-down non-FHA loans could put homeownership within your reach today. Thanks to shifts in the lending landscape, the dream of buying a home is becoming a reality for many Americans. The Federal Housing Administration (FHA)

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REVIEW: Housing Affordability for August

At the national level, housing affordability is down from a year ago for the month of August as higher prices make it less affordable to purchase a home despite rates having another slight decline. Housing affordability is down from a

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REFINANCING: Why Mel Watts Heading Fannie Mae And Freddie Mac Will Push HARP 3.0 To The Forefront

Waiting for HARP 3 to pass Congress? Your wait may be just about over. Within days or weeks, congressional representative Mel Watts is expected to be confirmed as the new head of the Federal Housing Finance Agency (FHFA). The controls

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30-Year Mortgage Rates Move Closer To 4.00%; Reach Lowest Levels In 18 Weeks

Today’s 30-year fixed rate mortgage rate is markedly lower than what Freddie Mac’s weekly survey says it is. According to the group’s Primary Mortgage Market Survey (PMMS) released Thursday, the average 30-year fixed mortgage rate rose 0.05 percentage points to

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U.S. Banks Now Make It Easier To Get A Mortgage; What It Means, Plus Today’s Mortgage Rates

For “prime” borrowers, it’s getting easier to get a mortgage. According to a Federal Reserve survey of more than 65 banks, very few lenders are tightening mortgage guidelines anymore as the U.S. economy improves, and as home values climb nationwide.

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The HARP 2.0 Program May Have Run Its Course; Housing Market Paves The Way For HARP 3.0

Another 85,000 Home Affordable Refinance Program (HARP) mortgages closed in May, putting the 4-year-old program on pace to close more than 1 million loans this year for the second straight year. However, the program for “underwater homeowners” is now less-so.

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