Mortgage Archives - Page 4 of 5

Governor Hogan prohibits mortgage lenders from initiating foreclosure process during COVID-19 pandemic

Posted on April 3, 2020 by Chris Montcalmo

UPDATE: Click here for a full summary and video from Governor Hogan’s Friday press conference. Original story below… —— ANNAPOLIS, MD—Governor Larry Hogan held a press conference on Friday afternoon outlining additional steps the state of Maryland would take to assist Maryland residents during the coronavirus pandemic. Governor Hogan is issuing an emergency order to provide additional and immediate financial […]

Governor Hogan announces record milestone of $1 billion in mortgages through Maryland Mortgage Program in 2019

Posted on February 10, 2020 by Chris Montcalmo

ANNAPOLIS, MD—Governor Larry Hogan on Monday announced that the Maryland Department of Housing and Community Development’s Maryland Mortgage Program reached a record $1 billion in reservations for the program in 2019, representing more than 4,000 homebuyers. This is a 12-month period high for the history of the program. The Maryland Mortgage Program provides fixed-rate mortgages that come with downpayment and […]

Baltimore mortgage rates steady to begin February

Posted on February 2, 2017 by Chris Montcalmo

by Chris Montcalmo, Sierra Pacific Mortgage Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average 30-year Baltimore mortgage rates holding steady after rising last week. The 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.5 point for the week ending Feb. 2, 2017, unchanged from last week. A year ago at this time, […]

Baltimore mortgage rates creep higher

Posted on January 26, 2017 by Chris Montcalmo

by Chris Montcalmo, Sierra Pacific Mortgage Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average 30-year and 15-year fixed mortgage rates rising. The 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending Jan. 26, 2017, up from last week when it averaged 4.09 percent. A year ago […]

Baltimore mortgage rates touch new 2016 lows

Posted on July 1, 2016 by Chris Montcalmo

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates in Baltimore and nationwide dropping to new 2016 lows in the wake of the Brexit vote. At 3.48 percent, the 30-year fixed-rate mortgage is only 17 basis points from its November 2012 all-time record low of 3.31 percent. The 30-year […]

Baltimore mortgage rates tick up on Fed news

Posted on May 28, 2016 by Chris Montcalmo

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates up slightly from 2016 lows. The 30-year fixed-rate mortgage averaged 3.64 percent with an average 0.5 point for the week ending May 26, 2016, up from last week when it averaged 3.58 percent. A year ago at this time, the […]

Baltimore mortgage rates hold near 2016 lows

Posted on May 19, 2016 by Chris Montcalmo

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates holding near 2016 lows. The 30-year fixed-rate mortgage averaged 3.58 percent with an average 0.6 point for the week ending May 19, 2016, up from last week when it averaged 3.57 percent. A year ago at this time, the […]

Baltimore mortgage rates back near 2016 lows

Posted on May 6, 2016 by Chris Montcalmo

by Chris Montcalmo Freddie Mac on Thursday released the results of its Primary Mortgage Market Survey, showing average fixed mortgage rates falling following the Federal Reserve’s decision to stand pat last week, and other negative economic data. Mortgage rates are now hovering just above their low point for the year. The 30-year fixed-rate mortgage (FRM) averaged 3.61 percent with an […]

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