Mortgage rates stay flat
A week filled with contradictory economic data let mortgage rates end pretty much where they started out in Bankrate’s weekly survey. The benchmark 30-year fixed rate stayed at 6.42 percent.
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Mortgage rates move upward (Contra Costa Times) Mortgage rates resumed rising this week as financial markets became more convinced that the Federal Reserve will boost interest rates further. Freddie Mac, the mortgage company, reported Thursday that rates
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Third loss for US mortgage giant (BBC News) US mortgage finance firm Fannie Mae posts its third consecutive quarterly loss as the housing slump deepens.read more...
Freddie Mac to toughen mortgage standards (USA Today) Mortgage finance company Freddie Mac (FRE) will no longer buy subprime mortgages that have a "high likelihood" of payment shock and foreclosure, the company announced Tuesday.read more...