Home Mortgage Financing

Mortgage Applications Increased Last Week, Despite Harvey

After several recent weekly decreases, the number of people applying for a mortgage rose by 3.3% last week, according to the Mortgage Bankers Association. Although mortgages for a home purchase rose slightly, most of the gains came from homeowners looking to take advantage of falling interest rates by refinancing their existing mortgage. The increases would have likely been larger if not for Hurricane Harvey's significant toll on the Texas housing market, one of the largest in the nation.

How The Mortgage Forgiveness Debt Relief Act Affects All Homeowners

Did you know that the Mortgage Forgiveness Debt Relief Act expired?  Watch this video and learn more about what extending the Mortgage Forgiveness Debt Relief Act means for America’s neighborhoods and home values . . . brought to you by Home Ownership Matters.

Interest Rates Dropped For The First Time in Four Weeks

Freddie Mac announced results of its Primary Mortgage Market Survey® showing average fixed mortgage rates moving lower for the first time in four weeks.  

The 30-year fixed-rate mortgage averaged 3.75 percent with an average 0.6 point for the week ending March 5, 2015, down from a year ago at this time, when the average rate was 4.28 percent.

Just in time for the Spring home selling season!

Read more about current average interest rates for other popular mortgage products on Freddie Mac's website.