Compare FED’s Refinance Mortgage Programs

Tue, 11 Jun 2013 19:15:58 GMT

There are various government-backed refinance programs that are designed to make the home-purchasing process easier for Americans. These programs are aimed at lowering the income and credit score requirements along with reducing the requirements associated with cash down-payments. Here are some of the refinance mortgage assistance programs offered by the federal government of the United States:

Mortgage Rates Up to One-Year High

Fri, 31 May 2013 15:01:51 GMT

Written By: John B Landers

Freddie Mac reports that U.S. mortgage rates increased to the highest level in a year in the face of a housing market that continues to show strength and the general economy improves. The benchmark 30-year fixed rate mortgage climbed to 3.81 percent from 3.59 percent just a week ago. The 15-year product increased to 2.98 percent compared to 2.77 percent last week. The 5 ½ ARM remained stable at 2.6 percent.
The average mortgage interest rate for a Federal Housing Administration or FHA-insured 30-year fixed rate mortgage rose to the highest level since August last year—at 3.62 percent from 3.53 percent the week before.

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Compare FED’s Refinance Mortgage Programs

Mortgage Rates Up to One-Year High