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Good news or bad news? Depends, perhaps, on what you do with it. Freddie Mac?s weekly survey of mortgage interest rates today reveals the rate on the 30-year fixed mortgage has hit a new low: 3.84% for the week ending May 3, down from 3.88% last week and 4.71% a year ago. As a matter of fact, all the rates surveyed hit new lows.
While mortgage interest rates cling to record lows, mortgage-related fees are creeping up. And consumers should pay attention to any fee increases because they could be a sign of what?s to come: increasingly higher costs to get a government-backed mortgage.
If you?ve been wondering why your mortgage lender won?t offer you the record low interest rates you keep hearing about, we?ve got five reasons for you. Read that story and more in today?s Personal Finance Daily.
A growing number of analysts from investment banking firms and hedge funds are using Mortgage Daily, a leading source of online mortgage news, as a tool for historical statistics and news about issuers of mortgage-backed securities.
In the beginning there was only a financial crisis. When the US subprime mortgage market blew up in August 2007 few economists worried too much about the wider impact.
Low mortgage rates are set to drive up house prices by an expected 24% by June next year from the same month this year, a report out yesterday says. read more
The White House's proposed financial rules overhaul Wednesday includes provisions that push banks to increase lending to low-income areas, even as it seeks to increase both federal and state oversight of that "subprime" market.

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Mortgage How to Get is an informational resource about mortgage news and information.