Items Tagged with 'HSH Associates'

ARTICLES

  • Mortgage Rates Soar; Biggest Jump Since '87

    Market panic over a burgeoning economic crisis last week helped push mortgage rates to their largest weekly gain in over two decades last week, according to data released Thursday morning by Freddie Mac [stock FRE][/stock]. A 30-year fixed-rate mortgage averaged 6.46 percent with an average 0.6 point for the week ending Oct. 16, up a whopping 52 basis points from last week when it averaged 5.94 percent. Last year at this time, the 30-year FRM averaged 6.40 percent, Freddie Mac said.
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  • Secondary Markets Put Pressure on Mortgage Rates

    While Freddie Mac [stock FRE][/stock] reported Thursday that mortgage rates had fallen by 15 basis points to an average of 5.78 percent for a conforming 30-year fixed-rate mortgage during the week ended Sept. 18, rates have been anything but stable this week, according to HW's market sources. The Freddie Mac-reported rate is the lowest since February, but it may not remain there for long if financial markets continue to convulse.
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  • The Waiting Game: Jumbo Spreads Stay Wide

    Fannie Mae and Freddie Mac are moving at a double-time pace to put the mechanisms in place to buy and securitize so-called "jumbo conforming" loans -- and signs from the primary market, so far, are that it can't happen soon enough.
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