The forbearance rate of mortgages backed by Fannie Mae and Freddie Mac dropped to a three-month low of 5.64%, while the overall rate fell to 7.8%, the lowest in more than two months, the Mortgage Bankers Association said in a report on Monday. The forbearance rate for mortgages backed by the government-sponsored enterprises, or GSEs, […more]
Posted in: San Francisco
Comments are closed.