Category Archives: Lending

Mortgage rates break holding pattern and drop…

While still higher than last year, mortgage rates have broken their holding pattern and dropped, according to Freddie Mac. Click on link to read more Mortgage rates drop

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Interest rates are down but so is available credit

While we are seeing all time low interest rates, we aren’t seeing the expected increase in loan volume. The tighter rules and regulations tied around obtaining a loan is making it more difficult for a consumer to take advantage of … Continue reading

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Fannie and Freddie lower mortgage modification interest rates

Beginning May 13, Fannie Mae and Freddie Mac will lower the standard modification interest rate from 3.75% to 3.625%, the lowest it has been since the program began in 2012.  To read more click http://www.housingwire.com/articles/36987-fannie-mae-freddie-mac-mortgage-modification-interest-rate-falls-to-new-record-low

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Freedom Mortgage buys USDA origination business from Chase

JPMorgan Chase is selling their rural housing business to Freedom Mortgage in an attempt to simplify their mortgage business. Full article can be found at JPMorgan sells USDA business to Freedom Mortgage

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