A second study forecasting millions of foreclosures sweeping the nation in the next few years, says it won’t matter what the Feds do to fix the problem.
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In the market for a mortgage loan with a low interest rate? Instead of qualifying for a discount rate by earning a good credit score, you can simply buy your way to a great credit score — the kind of score that convinces lenders to loan you money at lower interest rates. You simply piggyback [...]

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McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.53 percent with an average 0.4 point for the week ending June 7, 2007, up from last week when it averaged 6.42 percent. Last year at this time, the 30-year [...]

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