Freddie Mac News on Daylife

Rates on 30-year mortgages sink, match record low

Wed, 25 Nov 2009 20:51:40 GMT

on a 15-year fixed-rate mortgage fell to 4.29 percent, down from 4.32 percent last week, according to Freddie Mac. The 15-year rate hasn't been this low since Freddie Mac started tracking it in 1991. McLEAN, Va.
Source: TwinCities.com

30-year mortgages match all-time low

Wed, 25 Nov 2009 20:30:48 GMT

The average rate on a 30-year fixed-rate mortgage fell to 4.78 percent this week, matching the lowest level on record since Freddie Mac started keeping track in 1971. The previous all-time low was set in April of this year.
Source: Memphis Business Journal

Mortgages Tie Record Low of 4.78%

Wed, 25 Nov 2009 19:32:31 GMT

By Amy Hoak Rates on 30-year fixed-rate home mortgages averaged 4.78% this week, matching an all-time low in Freddie Mac's weekly survey of conforming mortgage rates, released Wednesday. The mortgage averaged 4.83% last week and 5.97% a year ago.
Source: Wall Street Journal

U.S. 30-year mortgage rate falls to match record low

Wed, 25 Nov 2009 18:55:11 GMT

NEW YORK - U.S. mortgage rates sank to or near record lows in the past week, home funding company Freddie Mac said, improving affordability in a battered U.S. housing market that is starting to gather steam.
Source: International Business Times

Agency Mortgage Bonds Soar

Wed, 25 Nov 2009 18:14:18 GMT

By Prabha Natarajan NEW YORK -- Mortgage-backed securities guaranteed by Fannie Mae, Freddie Mac and Ginnie Mae rose to their highest level for the year on Wednesday, buoyed by strong demand from investors seeking a safe haven as the year draws to a...
Source: Wall Street Journal

Investors Buy Gold...

Wed, 25 Nov 2009 17:50:47 GMT

Investors buy gold when there is inflation and when there is a flight to quality. They buy gold when they no longer trust currencies, due to government or central bank profligacy. Due to those and other reasons gold has broken out to new highs.
Source: Global Research

Mortgage rates on 30-year loans sink

Wed, 25 Nov 2009 16:57:48 GMT

Average rates for 30-year fixed mortgages fell this week, matching a record low set last spring and more than a full percentage point below what they were a year ago, Freddie Mac said Wednesday.
Source: Tifton Gazette

Rates on 30-year mortgages match historic low

Wed, 25 Nov 2009 16:42:20 GMT

Freddie Mac reports that average rates for 30-year fixed mortgages have matched a record low of 4.78 percent this week. Rates for 30-year mortgages hit an all-time low the week ending April 30.
Source: N.J. Courier-Post Online

Quoted in 'GSE bailout won't help all mortgages, Barclays Capital notes show'

Tue, 24 Nov 2009 18:01:49 GMT

said in The Real Deal: New York:

Banks like Wachovia and Washington Mutual have a significant amount of these Alt-As and pay-option ARMs that the GSE bailout just won't help ... There is still a crisis going on, despite what the government is trying to do on the Fannie Mae/Freddie Mac front.

Quoted in 'Government Responds to Economic Woes by Making More Bad Mortgage Loans'

Mon, 23 Nov 2009 03:42:01 GMT

said in Independent Institute:

these loans are exposing taxpayers to the same kinds of soaring default rates and losses that brought down Fannie Mae and Freddie Mac as well as destroyed many banks and the private market for mortgage loans.

Oana at Freddie Mac in Las Vegas

Mon, 23 Nov 2009 03:41:50 GMT

Photo from Reuters Pictures

Sat, 13 Jun 2009 22:41:26 GMT

Freddie Mac Default Asset Manager Sophie Guerra (C) speaks with homeowners Stevie (2nd L) and Ginny Stout (R) about a loan modification as Freddie Mac employees Robert Ragan (L) and Stacey Walker (3rd L) look on at the Housing Rescue Fair held as part o...

Photo from Reuters Pictures

Sat, 13 Jun 2009 22:37:32 GMT

A couple listens as a representative from Freddie Mac talks to them about a loan modification for their home at the National Urban League's Economic Empowerment Tour in Dallas, Texas June 13, 2009.