MND NewsWire : 1 Year ARM

Mortgage Rates are Mixed, but ARMs Nearly Disappear as Factor in Financing

Glenn Setzer — Wed, 03 Sep 2008 11:00:00 GMT

Due to reports of continued weakness in the economy, rates on fixed- rate mortgages edged lower during the week ended August 28 according to the results of Freddie Mac's Primary Mortgage Market Survey.

Last week 34.0 percent of mortgage applications were for the purpose of refinancing an existing loan, down from 35.2 percent the previous week and the popularity of adjustable rate mortgages continued to slide. ARMs now represent only 6.6 percent of mortgage volume...

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Mortgage Rates Drop Slightly but Loan Applications Way Down from 2007 Levels

Glenn Setzer — Wed, 27 Aug 2008 11:00:00 GMT

Mortgage interest rates broke through the gridlock of the last few weeks and, with the exception of one-year adjustable rates, moved lower.

Mortgage activity as measured by the volume of loan applications increased by a marginal 0.5 percent on a seasonally adjusted basis from a week earlier and decreased by 0.9 percent unadjusted. Volume was down 31.2 percent compared to the same week in 2007.

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Rates Remain Mostly Flat while Mortgage Applications Lag, Hitting Four Year Low

Glenn Setzer — Wed, 13 Aug 2008 11:00:00 GMT

Mortgage interest rates remained flat during the week ended August 7 according to the weekly Primary Mortgage Market Survey released by Freddie Mac.

The Mortgage Bankers Association (MBA) in results from its Weekly Mortgage Applications Survey reported...

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New 2008 Highs for Mortgage Rates

Glenn Setzer — Wed, 30 Jul 2008 11:00:00 GMT

Fixed-rate mortgages (FRMs) hit the highest levels of 2008 during the week ended July 24 according to Freddie Mac's Primary Mortgage Market Survey.

"Market concerns about rising inflation and the greater probability that the Federal Reserve (Fed) will raise short-term rates this year all combined to push mortgage rates higher this week," said Frank Nothaft, Freddie Mac vice president and chief economist...

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Mortgage Rates Fall in Response to Speculation about Overnight Bank Rates

Glenn Setzer — Wed, 23 Jul 2008 11:00:00 GMT

Rates for both short- and long-term mortgages tumbled last week according to Freddie Mac's Primary Mortgage Market Survey.

The Mortgage Bankers Association (MBA) released the results of its Weekly Mortgage Applications Survey for the week ended July 18 on Wednesday. Mortgage activity as measured by the volume of loan applications...

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Despite Market Turmoil, Mortgage Rates Remain Becalmed

Glenn Setzer — Wed, 16 Jul 2008 11:00:00 GMT

According to Freddie Mac's Primary Mortgage Market Survey for the week ending July 10, there was little change in either short or long term mortgage rates.

The Mortgage Bankers Association released this week's figures Wednesday morning. MBA's Weekly Mortgage Applications Survey for the week ended July 11 reported that...

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Fed Report on Inflation Prompts Moderation in Interest Rates

Glenn Setzer — Wed, 09 Jul 2008 11:00:00 GMT

Mortgage interest rates dropped slightly during the week ended July 3 according to results of the Primary Mortgage Market Survey released by Freddie Mac.

The 30-year fixed-rate mortgage (FRM) eased back from the 6.45 percent with 0.6 point that it had averaged for the week ended July 26 to 6.35 percent also with 0.6 point.

Loan activity as measured by loan application volume increased...

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Mortgage Rates Mark Time Waiting for Federal Action

Glenn Setzer — Wed, 02 Jul 2008 11:00:00 GMT

Mortgage rates continued to set record 2008 levels with long term rates moving up slightly during the week ended June 26, and short term rates increasing modestly but in double digits.

Mortgage applications increased 3.6 percent on a seasonally adjusted basis and...

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Mortgage Rates Continue to Set New 2008 Records, Applications Fall

Glenn Setzer — Wed, 25 Jun 2008 11:00:00 GMT

Fixed-rate mortgage interest increased again during the week ended June 19 according to results from the Primary Mortgage Market Survey released by Freddie Mac.

The 30-year fixed-rate mortgage (FRM) jumped from 6.32 percent to 6.42 percent with fees and points...

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Long-Term Interest Rates Hit Highest Point since Last October

Glenn Setzer — Wed, 18 Jun 2008 11:00:00 GMT

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Most Mortgage Rates were Stagnant While Application Volume Increased

Glenn Setzer — Wed, 11 Jun 2008 11:00:00 GMT

While the stock market has been undergoing some wild fluctuations over the last couple of weeks, the mortgage scene has been quiet - very quiet.

According to Freddie Mac which released the results of its Primary Mortgage Market Survey for the week ended June 5, the two long- term products, the 30-year fixed-rate mortgage (FRM) and the 15- year FRM each moved a scant one basis point from the previous week.

Application volume increased 10.9 percent on a seasonally adjusted basis from a week earlier and 23 percent on an.

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Long-Term Interest Rates Higher While Mortgage Applications Continue to Slide

Glenn Setzer — Wed, 04 Jun 2008 11:00:00 GMT

Long term mortgage interest rates took a slight bump upward during the week ended May 29 while the rates for the two short- term products were virtually unchanged according to data released by Freddie Mac as part of its Primary Mortgage Market Survey.

"Mortgage rates drifted up this week over market concerns that the Federal Reserve Board may raise short-term rates later this year," said Frank Nothaft, Freddie Mac vice president and chief economist. "A recent working paper published by the Federal Reserve Bank of Minneapolis suggested that...

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Economic News Impacts Both Short- and Long-Term Rates; Applications Drop

Glenn Setzer — Wed, 28 May 2008 11:00:00 GMT

Long- and short-term interest rates each moved slightly during the week ended May 22 on the basis of larger economic news according to Freddie Mac�s Primary Mortgage Market Survey.

Mortgage application volume decreased...

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Interest Rates Still Moving Within a Narrow Range; Applications Down

Glenn Setzer — Wed, 21 May 2008 11:00:00 GMT

Mortgage rates continued to move within a tight range during the week ended May 15 according to results from Freddie Mac�s Primary Mortgage Market Survey.

The 30-year fixed-rate mortgage (FRM) averaged 6.01 percent, a decline of 4 basis points from the previous week, although there was a spike in average fees and points from 0.3 to 0.6 point.

"Despite the bleak housing market, there was positive news on...

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Mortgage Rates Continue Pattern of Last Few Weeks - Little Movement

Glenn Setzer — Wed, 07 May 2008 11:00:00 GMT

Continued tight credit and worries about inflation worked to keep mortgage rates essentially locked into place during the week ended May 1 according to the Primary Mortgage Market Survey conducted by Freddie Mac.

MBA also reported that mortgage originations for commercial and multifamily properties were up 19 percent last year (2007) with lenders closing $507.7 billion in loans.

Increases were seen in originations for...

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