Homeowners have taken advantage of record-low interest rates to refinance their homes. According to Lender Processing Services Inc., mortgage prepayment rates in August were up to its highest levels in seven years. The Florida-based mortgage data provider also showed that home loans were repaid in August at a pace that would erase 25% of the […]
REALTORMag.com reported today that, for the fourth consecutive week, mortgage rates have risen after seeing record lows. Interest rates for 30-year fixed-rate loans went from 4.46% last week to 4.61%, based on the most recent Freddie Mac survey. In addition, 15-fixed-rate loans averaged 3.96% last week, compared to 3.81% the week before. These rates are […]
Bloomberg BusinessWeek reported today that JPMorgan Chase & Co. is marketing $716.3 million of mortgage bonds. The transaction consists of 36 loans on 96 properties and is the second of newly issued commercial mortgage-backed bonds to be sold this year. In 2008, funding to property borrowers was cut off as credit markets froze, which resulted […]