Mortgage Rates Hit Another Low: 4.54 Percent
Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, making homebuying and refinancing the most attractive in decades for those who can get loans. Freddie Mac says the average rate for 30-year fixed loans this week was 4.54 percent, down from 4.56 last week. That's the lowest since Freddie Mac began tracking rates in 1971.
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Hedge Fund Sees Risk in Mortgage Bonds After 28% Gain
Metacapital Management LP, the hedge-fund firm run by former Lehman Brothers Holdings Inc. mortgage-bond trader Deepak Narula, returned 28 percent in the first half of this year, boosted by government-backed debt that benefits from limited homeowner refinancing.
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Bankrate: Mortgage Rates Reset Record Lows
RISMEDIA, July 30, 2010Mortgage rates were lower this week, with the average conforming 30-year fixed mortgage rate hitting a record low of 4.71%, according to Bankrate.coms weekly national survey. The average 30-year fixed mortgage has an average of 0.44 discount
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Narula's Hedge Fund Sees Risk in Mortgage Bonds After Recording 28% Gain
Now the New York-based firm is seeking to protect against one of the biggest risks in the $5.2 trillion market for agency mortgage bonds, Narula wrote in a July 22 letter to investors.
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Fifth Third Mortgage Company Refinances $4 Billion in Loans
CINCINNATI , July 29 /PRNewswire-FirstCall/ -- Fifth Third Mortgage Company, a subsidiary of Fifth Third Bank and the 16th largest mortgage originator in the country ( Inside Mortgage Finance , April 30, 2010 ) has been hard at work to help those looking to refinance their homes do so. Since the Freddie Mac Relief Refinance(SM) Mortgage Program began in April 2009 , Fifth Third Mortgage Company ...
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