The national average contract mortgage rate was 4.55% for September loans.
October 28, 2010
The average interest rate on conventional, 30-year fixed-rate mortgage loans of $417,000 or less decreased 12 basis points (bp) to 4.58% in September. The average interest rate on 15-year, fixed-rate loans of $417,000 increased 11 bp to 4.57% in September.
This is the first drop in spending from the previous year since the U.S. Labor Bureau began publishing this data in 1984.
October 11, 2010
Mortgage interest payments and charges fell from $3,890 in 2007 to $3,594 in 2009, evidence of the higher than normal mortgage default rate, falling house prices, lower rates of homeownership, and declining mortgage interest rates over the period.
Loan modifications and refinancings by Fannie Mae and Freddie Mac increased significantly during the first quarter as the
volume of permanent modifications under the Federal Housing Finance Agency’s Home Affordable Modification Program tripled,
and refinancings grew steadily.
The Office of the Inspector General for the U.S. Postal Service has issued a report examining the possibilities of the USPS offering affordable financial services products, with credit unions included in the mix.
ATLANTA (5/28/15 UPDATED 6:26 p.m. ET)--A consolidated class action complaint in the lawsuit against Home Depot was filed today in the U.S. District Court for the Northern District of Georgia and now includes more than 60 named plaintiffs, including CUNA.
A consolidated class action complaint in the lawsuit against Home Depot was filed Wednesday in the U.S. District Court for the Northern District of Georgia and now includes more than 60 named plaintiffs, including CUNA.