Mortgage Rates are Drifting (commercial real estate wilmington nc) and Applications Trend Down
After pitching upward the previous week long term interest
rates were flat during the week ended February 7 according to
the results of Freddie Mac’s Primary Mortgage Market Survey.
The survey found that the 30-year fixed-rate mortgage (FRM) averaged
5.67 percent with 0.4 point for the week.
Mortgage originations were down a bit from the
previous week although they were still…
“Foreclosure Avalanche” Prompts Servicer Survey
In a conference call/press conference on Thursday, the Conference of
State Bank Supervisors (CSBS) released its first report
on loss mitigation efforts as reported by 13 major
residential mortgage servicers.
Iowa Attorney General Tom Miller explained that the report grew out of
a concern dating back to last summer that the nation was facing
a “foreclosure avalanche.”
The first report did contain some interesting
findings…
Mortgage Rates Reclaim Last Week’s Declines
It was nice while it lasted but
rates last week reversed a four week downward trend and made up much
of the ground they lost a week earlier. However, they still remained well
below where they were at the end of 2007 when the four-week slide
began.
The volume of mortgage applications reported by
survey respondents continues to be much stronger than…
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