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Fixed Mortgage Rates Slide The results of a recently released Freddie Mac Primary Mortgage Market Survey® (PMMS®), showed that average fixed mortgage rates slightly down from the previous week with the 30-year fixed-rate mortgage dipping just Read More...
Freddie Mac 2014 Third Quarter Refinance Report Freddie Mac recently released the results of its third quarter 2014 quarterly refinance analysis, showing the share of borrowers who are tapping their equity by cashing out at the time of refinance has doubled Read More...
Borrowers Who Refinanced in 2013 Saving Over 21 Billion Dollars in Interest Payments over the Coming Year Freddie Mac released the results of its fourth quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage Read More...
Refinance Cash-Out Share Increases; Remains Low Historically Freddie Mac recently released the results of its second quarter 2013 quarterly refinance analysis, showing that borrowers are continuing to take advantage of near record low mortgage rates to Read More...
Q: Can a home be sold for less than its mortgage? A: Sometimes. But it is a complicated process and a lot will depend on the lender. This process is called a “short sale,” which occurs when a lender agrees to write off the portion of a mortgage Read More...