Ocwen: Mortgage bond investors mislead public, push foreclosures

Ocwen: Mortgage bond investors mislead public, push foreclosures

Fires back at “baseless, groundless” charges of mortgage payment negligence

California settlement puts Ocwen on a leash

Prohibited from acquiring California MSRs without state’s approval

Monday Morning Cup of Coffee: Ocwen settles "frustrating skirmish" with California

But that's just over file access, not file content
W S

FHFA Sees 30-Year Mortage Rate Dip to 5% June

/ Print / Reprints /
| Share More
/ Text Size+
The average contract mortgage rate on conventional 30-year fixed-rate mortgages slipped to 5% in June, 12 basis points (bps) down from a month earlier, according to the Federal Housing Finance Agency (FHFA). The rate had held at 5.12% for the past two months. The contract rate on the composite of all mortgage loans (both fixed- and adjustable-rate) fell 9 bps to 4.9%: The FHFA, in its June report (download here), also noted the average 15-year fixed mortgage rate similarly slipped 11 bps to 4.47%. The average contract rate for purchase mortgages on existing homes by combined lenders, which the FHFA noted is used as an index in some adjustable-rate mortgage (ARM) contracts, slipped 8 bps to 4.91%. FHFA calculated its June survey from purchase mortgages closed during the June 24-30th period. As the interest rate is typically determined 30 to 40 days before closing, the FHFA noted the reported rates depict prevailing market conditions in mid- to late-May. Write to Diana Golobay.

Recent Articles by Diana Golobay

Comments powered by Disqus