NEW YORK – Aug. 21, 2013 – The summer of 2013 has seen a new kind of blockbuster that could be titled: “Honey, I Shrunk the Jumbo Rate.” The spread between average rates for jumbo loans and government-backed conforming loans is the narrowest in five years – even with the recent rise in interest rates.…
by Marcy Gordon, Associated Press WASHINGTON – July 19, 2013 – Average rates on U.S. fixed mortgages declined this week as concern waned in the financial markets over the Federal Reserve’s possible slowing of its bond purchases this year. Mortgage buyer Freddie Mac said Thursday the average on the 30-year loan slipped to 4.37 percent.…
CHICAGO – July 18, 2013 – It’s a good time to buy an expensive home. Jumbo mortgage loans, which sizzled during the housing market’s run-up and then fizzled spectacularly, are back with more flexible products from more lenders and interest rates that are inching ever closer to the terms offered to buyers of much less…
by Marcy Gordon, Associated Press WASHINGTON – June 27, 2013 – Average U.S. rates on fixed mortgages surged this week to their highest levels in two years, and the rate on the 30-year loan jumped by the most in 26 years. The increase is evidence that the Federal Reserve’s comments about possibly reducing its bond…
By Marcy Gordon, Associated Press WASHINGTON – May 24, 2013 – Average rates on fixed mortgages rose for the third straight week, hitting their highest levels since mid-March. Still, mortgage rates remained close to historic lows, a trend that should help sustain the housing recovery. Mortgage buyer Freddie Mac said Thursday that the average rate…