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"Continued signs of slowing in the housing market and weakness in the manufacturing sector helped keep mortgage rates down this week," said Frank Nothaft, Freddie Mac vice president and chief economist. "Looking forward in the housing market, we think..."

Long term interest rates took a bit of a dive during the week ended November 22 according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 6.18 percent, A drop of six basis point from the previous week and the lowest point the 30-year FRM has seen since...

Frank Nothaft, vice and president and chief economist of Freddie Mac credited declining third quarter Gross Domestic Product figures for a slight drop in mortgage interest rates for the week ended November 2.

Nothaft said, "With mortgage rates down this week, we may see a spurt of refinancing by those who want to get out of ARMS that are scheduled to reset in the next year while interest rates are still comparatively low."

Maybe it was just too good to last.

After four weeks of declining interest rates Freddie Mac reported a relatively sharp jump for each of the products it tracks during the week ended October 12.

Frank Nothaft, Freddie Mac's vice president and chief economist blamed...

The old mortgage tracking clock has just rolled back to March 2. That was the last time that the interest on a 30-year fixed-rate mortgage was lower than the average contract rate that Freddie Mac reported for last week, the week ending September 28.

Applications for mortgages increased 11.9 percent on a seasonally adjusted basis from the earlier week and 11.5 percent on an unadjusted basis. The change from the same week a year earlier was...