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Mortgage Rates Down

Mortgage Rates Down

The 30-year fixed-rate mortgage averaged 3.99% in the May 30 week, down from 4.06%, Freddie Mac said Thursday. That marked a 16-month low for the popular product, which has eked out a weekly rise only six times so far in 2019. The 15-year fixed-rate

May 31, 2019 |

Freddie Mac Portfolio Growth Slowed Slightly, Delinquencies Down

Freddie Mac Portfolio Growth Slowed Slightly, Delinquencies Down

Freddie Mac reported this week that its total mortgage portfolio increased at an annualized rate of 6.2 percent in April, declining from 8.0 percent the previous month.  The portfolio balance at the end of the period was $2.216 trillion com

May 28, 2019 |

Last Week's Review

Last Week's Review

TRADE WAR WORRIES WIN OUT... For five days, uncertainty over the trade battle with China riled Wall Street, and even some excellent economic data couldn't prevent the stock market from ending down for the week.  The Leading Economic In

May 20, 2019 |

California Housing Finance Agency Accepting Applications for New Multifamily Mixed-Income Program

California Housing Finance Agency Accepting Applications for New Multifamily Mixed-Income Program

SACRAMENTO — California's first program to incentivize affordable housing developments for Californians with moderate income levels, as well as low-income Californians, has been approved by the California Housing Finance Agency (CalHFA) Boa

May 15, 2019 |

Lower Mortgage Rates

Lower Mortgage Rates

Mortgage Rates moved moderately lower to start the new week as trade tensions remained in focus.  In general, the worse the US/China trade relationship is looking at any given moment, the better it has been for the bond market (and the wors

May 13, 2019 |

Mortgage applications are on the rise

Mortgage applications are on the rise

After several weeks of declining applications, homebuyers bounced back into the market. Mortgage applications increased 2.7% compared with the previous week, according to the Mortgage Bankers Association (MBA). Purchase applications drove the gains. App

May 08, 2019 |