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Today's Mortgage Terms starting with G Good Faith Estimate: A written estimate of the closing costs the borrower will most likely have to pay based on common local practices. Under the Real Estate Settlement Procedures Act (RESPA), the lender is must provide this disclosure to the borrower within three days of receiving a loan application. View all Terms

Washington mortgage rates news:

30-year mortgages dip slightly to 6.35 percent - Associated Press
WASHINGTON (AP) -- Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down ...

Record 9% of Americans can't make home payments - Detroit Free Press
WASHINGTON — More than 4 million American homeowners with a mortgage, a record 9%, were either behind on their payments or in foreclosure at the end of June, as damage from the housing crisis worsened, the Mortgage Bankers Association said today ...

Government plan for Fannie, Freddie to hit shareholders - Reuters
WASHINGTON (Reuters) - The U.S. government plans to takeover Fannie Mae and Freddie Mac and all shareholders of the two mortgage giants will take a hit, an influential lawmaker said on Saturday. The move to take control of the two companies, which ...

See today's average credit card rates across the country. - MSNBC
TERRE HAUTE, Ind. - The historic takeover of Fannie Mae and Freddie Mac, which could come as soon as this weekend, moved to the forefront of the presidential campaign Saturday as candidates and congressional leaders seized on the enormous ...

Mortgage giants were blind to housing risks - MSNBC
WASHINGTON - Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies — particularly ...

Treasury to Rescue Fannie and Freddie - Washington Post
Treasury Secretary Henry Paulson briefed presidential candidates John McCain and Barack Obama on plan. (Pool Photo By Simon Dawson Via Getty Images) The Bush administration yesterday prepared to take over the troubled housing finance companies Fannie ...

Mortgage giants were blind to the bubble - Globe and Mail
WASHINGTON — Mortgage giants Fannie Mae and Freddie Mac – despite their robust cadre of economists and mortgage experts – failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies – particularly ...

Mortgage finance companies Fannie Mae, Freddie Mac failed to ... - Baltimore Sun
WASHINGTON (AP) _ Mortgage giants Fannie Mae and Freddie Mac — despite their robust cadre of economists and mortgage experts — failed to heed warnings that the most dramatic housing bubble in U.S. history would burst. The companies ...

30-year mortgage rates decline for a third week - Boston Globe
WASHINGTON - Rates on 30-year mortgages fell for a third straight week, dropping to the lowest level since mid-July. Freddie Mac , the mortgage company, reported yesterday that 30-year, fixed-rate mortgages dipped to 6.35 percent this week, down from ...

Treasury briefs candidates on plan to seize Fannie, Freddie - Miami Herald
WASHINGTON -- The widening housing crisis took center stage on the presidential campaign trail Saturday after the Treasury Department confirmed to the candidates it was preparing a historic seizure of mortgage finance giants Fannie Mae and Freddie ...