Recent Mortgage News
As default rates in the subprime segment of the market have jumped in recent months, U.S. domestic banks tightened lending standards for non-traditional and subprime home mortgages in the first quarter, the Federal Reserve said. More
30-Year Mortgage Rates Fall
The 30-year fixed-rate mortgage decreased for the first time in more than a month, landing at an average 6.69% for the week ending June 21, down from last week's 6.74% average, according to Freddie Mac's weekly survey. The mortgage averaged 6.71% a year ago. More |
