Finance & Mortgage

Mortgage Rates Follow Bond Yields Higher

Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates moving higher amid positive jobs data and increasing bond yields. Despite the increase, the average 30-year fixed rate mortgage has been below 4.00 percent for 15 consecutive weeks helping to keep homebuyer affordability high.

Going After Bank Post-stress Tests

In the carnage of the U.S. financial crisis, a familiar refrain echoed throughout Wall Street as the stock market tried to recover: "The market needs the banks for a healthy rally."

Whistleblowers Reap Millions in U.S. $25 Billion Mortgage Settlement

Troubled homeowners are not the only ones set to get a financial lift from the U.S. government's $25 billion landmark mortgage settlement.