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Mortgage Interest Rates Down Slightly

Average interest rates on fixed-rate mortgages were down slightly this week after jumping the week before according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending December 12th, 2013.

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Mortgage Applications Start December on an Up Note

Applications for mortgage loans increased during the first week of December according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending December 6th, 2013.

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Loan Modifications Higher for Freddie Mac in October

The number of loan modifications completed by Freddie Mac was on the rise in October as the percentage of loans refinanced for homeowner relief purposes rolled past forty percent according to the agency’s recently released Monthly Volume Summary.

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