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Spokane-area homeowners are flocking to local lenders as they seek to take advantage of mortgage rates at or near historical lows.
U.S. long-term mortgage rates fell sharply this week, with the benchmark 30-year loan touching its lowest level since November 2016.
U.S. long-term mortgage rates fell this week. It was the seventh decline in the past nine weeks for the key 30-year, fixed-rate loan, which reached its lowest level since November 2016.
President Donald Trump issued an order for the government to end its 10-year conservatorship of the mortgage companies Fannie Mae and Freddie Mac.
U.S. long-term mortgage rates edged up after declining in recent weeks.
WASHINGTON – The Federal Housing Finance Agency and U.S. Treasury Department said they have agreed to let mortgage giants Fannie Mae and Freddie Mac retain capital buffers of $3 billion each, marking the first changes to their bailout arrangements in five years. The change, announced Thursday, came after months of warnings by FHFA Director Mel Watt, who said having no buffers at the government-controlled companies risked disrupting the mortgage market if they had to take more bailout money from the U.S. Treasury. Some Democratic senators had also called for Fannie and Freddie to keep buffers, while some Republicans said such a change was unnecessary.
The rate on 30-year fixed-rate U.S. mortgages slipped to 3.93 percent this week.
The costs of borrowing to buy a home increased slightly this week, but U.S. mortgage rates are still near relative lows.
Long-term U.S. mortgage rates rose this week for the second straight week. The benchmark 30-year rate surpassed the significant 4 percent level for the first time since May.
Long-term U.S. mortgage rates were flat to slightly lower this week, as the key 30-year rate marked a new low for the year.
Long-term U.S. mortgage rates rose this week for the first time in five weeks. The benchmark 30-year rate pushed back above the key threshold of 4 percent.
Fannie Mae said Friday that it will pay the U.S. Treasury a $5.5 billion dividend next month after its profit doubled in its latest quarter.
Long-term mortgage rates slipped again this week. Mortgage buyer Freddie Mac says the rate on 30-year, fixed-rate loans eased to 4.15 percent from 4.17 percent last week. The benchmark rate stood at 3.65 percent a year ago and averaged 3.65 percent through 2016, lowest in records going back to 1971.
A powerful housing trade group is wasting no time in pushing the Trump administration and Republican-led Congress to address one of the last unresolved issues from the financial crisis, outlining a proposal Tuesday to overhaul mortgage-finance giants Fannie Mae and Freddie Mac.
Citigroup plans to exit the mortgage-servicing business by the end of 2018 to focus on making new loans.
Long-term U.S. mortgage rates rose this week for a second straight week.
U.S. homebuyers pulled back in July, as sales declined amid a shortage of available properties and steadily rising prices.
A federal appeals panel should reconsider its reversal of a fraud verdict against Bank of America Corp. and $1.2 billion penalty resulting from the bank’s actions during the 2008 financial crisis, prosecutors say.
g-term U.S. mortgage rates declined this week after rising for three straight weeks, continuing to lure prospective homebuyers.
Mortgage giant Freddie Mac reported net income of $993 million for the second quarter, down sharply from the same period of 2015.