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After two weeks of modest increases, mortgage rates drifted down during the week ended August 6 according to results of Freddie Mac's Primary Mortgage Market Survey released on Thursday. Fannie Mae rates also decreased during the week. ...

Mortgage interest rates dropped again this week according to the results of Freddie Mac’s Primary Mortgage Market Survey for the week ended July 9. 30-year fixed-rate mortgages (FRM) had an average rate for the week of 5.20 percent with 0.7 point, down from the previous week when it averaged 5.32 percent with 0.7 point. This is the lowest rate for the 30-year mortgage since the week ended May 28 when the average was 4.91 percent. ...

Interest rates continued to increase during the week ended June 11 according to results of Freddie Mac’s weekly Primary Mortgage Market Survey released this morning. Three of the four average rates tracked by the survey were the highest of the current year. According to the survey the 30-year fixed-rate mortgage (FRM) jumped to an average of 5.59 percent with 0.7 point. One week ago the average rate was 5.29 percent with 0.7 point. This is the highest average rate for the 30-year FRM since...

Mortgage rates increased during the week ended May 28 according to the results of Freddie Mac's Primary Mortgage Market Survey . The average rate for the 30-year fixed-rate mortgage (FRM) jumped from 4.82 percent with 0.7 point during the week ended May 21 to 4.91 percent with 0.7 point this week. This is the highest average for this product since the week ended March 19 when it was at 4.98 percent. The 15-yer FRM was up slightly to 4.53 percent with 0.7 point from 4.50 percent also with 0.7...

Mortgage interest rates changed very little during the week ended May 14 according to data released Thursday morning by Freddie Mac. Results of the corporations weekly Primary Mortgage Market Survey placed the average interest rate of the conventional 30-year fixed-rate mortgage (FRM) at 4.86 Percent with an average 0.6 point. Last week the average was 4.84 percent with 0.7 point. The 15-year FRM increased one basis point to 4.52 percent. Fees and points were down to 0.6 point from 0.7 point. Five...

Federal Reserve Chairman Ben Bernanke said the U.S. economy has “contracted sharply” over the past six months, and he sees “further sizable job losses” and a rising unemployment rate in the coming months. Speaking before the Joint Economic Committee at Congress on Tuesday, the Fed chairman said the U.S. economy could return to growth later this year, provided that improvements in the financial markets continue. “In coming months, households' spending power will be...

Data from the Primary Mortgage Market Survey showed that the average rate for 30-year fixed-rate mortgages (FRM) averaged 4.82 percent with .06 point compared to 4.87 percent with 0.7 point reported for the week ended April 9. The 15-year FRM set its second record low this month with an average rate of 4.48 percent with 0.6 point, down from last week when the average was 4.54 percent with 0.7 point. This beats the previous record of 4.52 percent set two weeks ago to become the lowest 15-year fixed...

Ho hum; another week, another record low mortgage rate. Three of the four mortgage products tracked by F reddie Mac in its Primary Mortgage Market Survey hit new interest rate lows this week. For the 30-year it was the fourth time in 2009 that a new record has been established. The survey which covers the week ended April 2 reported that the average interest rate on a 30-year fixed-rate mortgage (FRM) was 4.78 percent compared to the previous record low set last week of 4.85 percent. Fees and points...