WASHINGTON (AP) — Average long-term U.S. mortgage rates fell for the third straight week, with the benchmark 30-year rate again marking its lowest level since May 2013. The average for a 15-year mortgage, a popular choice for people who are refinancing, dipped below 3 percent for the first time since then.
The average rate for a 30-year fixed-rate mortgage fell to 3.66% in the week that ended Jan. 15, hitting the lowest reading May 2013, from 3.73% in the prior week, according to a Thursday report from federally controlled mortgage-buyer Freddie Mac .
Mortgage rates are the lifeblood of the housing market, which is why the Fed began quantitative easing in the first place.
WASHINGTON (AP) — The monitor overseeing a national mortgage settlement says an internal review of its compliance conducted by Ocwen Financial Corp., one of the biggest U.S. servicers of home loans, may not have provided accurate accounting.
Mortgage rates feed the housing market Mortgage rates are the lifeblood of the housing market. This is why the Fed began quantitative easing in the first place. Lower rates allow homeowners to…
ATLANTA — Ocwen Financial Corporation , a leading financial services holding company, has been working closely with the Office of Mortgage Settlement Oversight (OMSO) on two issues identified in the report …
Fitch Ratings has affirmed the ratings of National Bank of Canada outstanding CAD-equivalent 2.998 billion legislative mortgage covered bo
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Average U.S. long-term mortgage rates edged higher this week after four weeks of declines, but they remained at historically low levels that could entice potential homebuyers.
The 30-year fixed-rate rises for the first time in four weeks but remains below 4 percent.