MCLEAN, Va., May 8, 2012 /PRNewswire/ – Freddie Mac ( FMCC.OB ) released the results of its first quarter refinance analysis showing homeowners who refinance continue to strengthen their fiscal house. News Facts In the first quarter of 2012, 79 percent of homeowners who refinanced their first-lien home mortgage either maintained about the same loan amount or lowered their principal balance by paying-in additional money at the closing table. Of these borrowers, 58 percent maintained about the same loan amount, and 21 percent of refinancing homeowners reduced their principal balance; the share of borrowers that kept about the same loan amount was the highest in the 26-year history of the analysis
Posts under ‘Mortgage Rates Quotes’
3 Trends in Mortgage Finance for Spring 2012 (And Beyond)
Experts say mortgage rates are likely to rise modestly while credit remains tight. The housing and mortgage markets have seen their fair share of ups and downs this year, making it difficult to predict what the next month holds in store much less the rest of the year. Still there are a few themes experts say are likely to surface as the year goes on
NAB Announces 0.32% Rate Cut
The NAB has become the first of the four big banks to give mortgage holders some relief this week, cutting their variable home loan interest rate by 0.32%.
Mortgage Marvel Rate Trends Shows 30-Year Fixed Rates Fell in April
MEQUON, WI–(Marketwire -05/02/12)- Mortgage Marvel Rate Trends™, a daily survey of more than 1,000 lenders, shows conforming, 30-year, fixed rates fell in April, closing out the month at 3.96 percent. Late in the month, the economic news from Europe continued to be negative, which led investors to seek the safety of U.S. Treasury notes.
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