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Meltdown 101: Low mortgage rates not for everyone

May. 1, 2009
Every week, mortgage finance giant Freddie Mac releases average rates on four types of home loans, including 30-year fixed rate mortgages _ the most popular type of loan for home buyers. Lately, the number put out by Freddie Mac has been incredibly low _...
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Mortgage interest rates drop slightly

WASHINGTON, April 23 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell this week, the Federal Home Loan Mortgage Corp. said Thursday.

Long-term mortgage rates at record low

WASHINGTON, April 2 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell to a record low in the week ending April 2, the Federal Home Loan Mortgage Corp. said Thursday.

Mortgage rates fall in week

WASHINGTON, Feb. 12 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell in the week ending Feb. 12, the Federal Home Loan Mortgage Corp. said Thursday.

U.S. mortgage rates edge down

MCLEAN, Va., April 19 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage interest rate slipped to 6.17 percent from 6.22 percent, housing finance company Freddie Mac said Thursday.

30-year U.S. mortgages rise 0.05 percent

MCLEAN, Va., April 12 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage interest rate rose to 6.22 percent from 6.17 percent, housing finance company Freddie Mac said Thursday.

30-year U.S. mortgage rate steady

MCLEAN, Va., March 29 (UPI) -- The benchmark 30-year fixed-rate U.S. mortgage was unchanged at 6.16 percent, housing finance company Freddie Mac said Thursday.

U.S. mortgage rates rise to 6.3 percent

MCLEAN, Va., Feb. 15 (UPI) -- U.S. mortgage rates rose slightly, to 6.3 percent from 6.28 percent for 30-year fixed-rate mortgages, Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 6.28 percent a year ago.

Refinanced U.S. mortage amounts rise

MCLEAN, Va., Feb. 6 (UPI) -- Nearly nine in 10 refinanced U.S. mortgages owned by Freddie Mac were for higher loan amounts than the original mortgage balances, Freddie Mac said Tuesday. The biggest reason for refinancing was to get additional spending money, said Freddie Mac, formall

30-year U.S. mortgages rise again

MCLEAN, Va., Feb. 1 (UPI) -- Thirty-year U.S. mortgages hit their highest level since October this week, averaging 6.34 percent, a government mortgage buyer reported Thursday.

30-year fixed-rate U.S. mortgages steady

MCLEAN, Va., Jan. 4 (UPI) -- Rates on 30-year U.S. mortgages were unchanged at 6.18 percent the first week of the new year, mortgage giant Freddie Mac reported Thursday.
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President Obama awards the Presidential Medal of Freedom in Washington
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President Barack Obama awards the the Presidential Medal of Freedom to singer/songwriter Bob Dylan during a ceremony in the East Room at the White House in Washington on May 29, 2012. The Medal of Freedom is our NationÕs highest civilian honor, presented to individuals who have made especially meritorious contributions to the security or national interests of the United States, to world peace, or to cultural or other significant public or private endeavors. UPI/Kevin Dietsch