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Financial News
Mortgage rates decline slightly (CNN Money)
Rates on 30-year mortgages eased this week, but remained above 6%, as signs that the overall economy is recovering helped offset ongoing weakness in the housing market, mortgage backer Freddie Mac said Thursday.

30-year mortgage rates fall to 6.01%, lowest in a month (USA Today)
Rates on 30-year mortgages edged down this week to their lowest point in a month, a spot of welcome news to would-be home buyers.

Mortgages: ARMs fall the most as mortgage rates drift lower (Market Watch)
Most mortgage rates drifted lower this week, after remarks by the Federal Reserve bolstered optimism that financial markets will recover later this year, Freddie Mac’s chief economist said Thursday.

U.S. mortgage rates drop during week (UPI)
WASHINGTON, May 15 (UPI) -- Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.

Abbey cuts mortgage rates (Mortgage Introducer)
A spokesperson for Abbey Mortgages said: "Our focus is to provide all of our customers with value and choice, whilst continuing to review our mortgage range and rates against a competitive and dynamic market.

Fixed mortgage rates go up (NBC26 Green Bay)
NEW YORK -- Fixed mortgage rates were modestly higher, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Mortgage rates jump slightly (Bankrate.com)
Most mortgage rates went up this week, but that was almost beside the point in the country's expensive housing markets. Finally, the rates on the new jumbo-conforming loans went down.

U.S. mortgage rates drop during week (Moldova.org)
Interest rates for 30-year, fixed-rate mortgages declined in the United States in the last week, the Federal Home Loan Mortgage Corp. said Thursday.The 30-year fixed interest rate mortgages averaged 6.01 percent with an average 0.6 points, down from the previous week's 6.05 interest rate. It was the second week of declines, after a 6.06 percent average for the week ending May 1, Freddie Mac ...

Bankrate: Fixed Mortgage Rates Inch Higher (PR Newswire via Yahoo! Finance)
Fixed mortgage rates were modestly higher this week, with the average conforming 30-year fixed mortgage rate rising to 6.19 percent. According to Bankrate.com's weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.39 discount and origination points.

Mortgage rates down for week (Tacoma News Tribune)
WASHINGTON – Rates on 30-year mortgages fell down this week to their lowest point in a month. It was welcome news to would-be home buyers.

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Today's Mortgage Terms starting with G

  • Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application.

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