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The Fed's daily purchase average was $5.00 billion per day, an increase from last week's daily average of $4.08 billion per day. This is twice the amount of average daily originator selling, illustrating that the Federal Reserve continues to provide ample liquidity to mortgage bankers looking to hedge their pipelines of committed and uncommitted loans....

Home buyers and refinancers waiting and hoping for a return of record low rates suffered a setback this week as fixed rates reversed a three-week downward trend. Only the short-term adjustable rate mortgage was lower than the previous week. ...

Freddie Mac's Primary Mortgage Market Survey for the week ended June 18 showed significant decreases in all mortgage products although they are still above the record low territory of late spring. The 30-year fixed rate mortgage (FRM) dropped to 5.38 percent with 0.7 point from the average of 5.59 percent with 0.7 point reported last week after three consecutive weeks of increases left the average of 4.82 percent reported on May 21 in the dust. The 15-year FRM averaged 4.89 percent compared to...

After months of low rates some of which broke long-time records, mortgage interest rates shot up drastically during the week ended June 4. Freddie Mac released the results of its Primary Mortgage Market survey this morning, showing that the 30-year fixed-rate mortgage (FRM) for the week averaged 5.29 percent with 0.7 point. This is the highest rate for the 30-year FRM since the week ended December 18, 2008 when the average was 5.19 percent. The new number is an increase of 37 basis points over last...

Long term mortgages rates declined slightly last week although none reached the record lows that were established a few weeks ago According to results of Freddie Mac’s weekly Primary Mortgage Market Survey for the period ended May 21, the 30-year fixed-rate mortgage (FRM) averaged 4.82 percent with 0.7 point compared to 4.86 percent with 0.6 point a week earlier. The 15-year FRM carried an average rate of 4.50 percent with 0.7 point. Last week the average rate was 4.52 percent with 0.6 point...

Long-term mortgages reclaimed record low status this week as the 30-year fixed rate mortgage (FRM) dropped to 4.78 percent. This ties the record that was set on April 7 as the lowest interest rate recorded by Freddie Mac's Primary Mortgage Market Survey since it was started in 1970. One week ago the survey reported the 30-year average at 4.80. Fees and points both weeks averaged 0.7 point. The 15-year FRM remained at the record breaking level of 4.48 percent for the third successive week, the...

For the third time in 2009 mortgage interest rates hit a new record low according to results of Freddie Mac's Primary Mortgage Market Survey released this morning. During the week ended March 26 the 30-year fixed-rate mortgage (FRM) averaged 4.85 percent. This is the lowest level the 30-year has achieved in the lifetime of Freddie Mac's survey which began in 1971. The rate was 13 basis points below the average rate for the week ended March 19. Fees and points were unchanged at 0.7. The 30...