MND NewsWire : 30 year mortgage

Most Mortgage Rates Increase During Wild Week in Financial Markets

Glenn Setzer — Wed, 19 Mar 2008 11:00:00 GMT

"Average mortgage rates were up for all loan products reported," said Frank Nothaft, Freddie Mac vice president and chief economist. "However, for the first 11 weeks so far this year, the average 30-year fixed rate is still below 5.9 percent, and the average 30-year rate in January was the lowest since July 2005.

"The combination of lower house prices and lower mortgage rates contributed to a more affordable market for homebuyers.

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Mortgage Rates Mixed - Very Mixed - in Last Week's Reports

Glenn Setzer — Wed, 12 Mar 2008 11:00:00 GMT

Mortgage interest rates made substantial moves during the week ended March 6 and 7, but according to surveys conducted by Freddie Mac and by the Mortgage Bankers Association (MBA) they made the moves in opposite directions.

Freddie's Primary Mortgage Market Survey reported that the 30-year fixed-rate mortgage...

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Mortgage Rates Mixed in Freddie Mac, MBA Weekly Surveys

Glenn Setzer — Wed, 05 Mar 2008 13:00:00 GMT

Mortgage rates continued to move upwards during the week ended February 28 according to the Primary Mortgage Market Survey report released by Freddie Mac.

"Long-term fixed mortgage rates trended up for a third week, bringing rates on 30-year and 15- year fixed-rate mortgages back to..."

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Fixed-Rate Mortgages Were Pricier Last Week

Glenn Setzer — Thu, 21 Feb 2008 13:00:00 GMT

The interest rates on fixed rate mortgages (FRM) were up during the week ended February 14 according to the results of Freddie Mac's Primary Mortgage Market Survey.

Freddie Mac vice president and chief economist commented on the rates; "This week was relatively light on the number of economic data releases, which painted a...

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Mortgage Rates are Drifting and Applications Trend Down

Glenn Setzer — Thu, 14 Feb 2008 13:00:00 GMT

After pitching upward the previous week long term interest rates were flat during the week ended February 7 according to the results of Freddie Mac's Primary Mortgage Market Survey.

The survey found that the 30-year fixed-rate mortgage (FRM) averaged 5.67 percent with 0.4 point for the week.

Mortgage originations were down a bit from the previous week although they were still...

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Mortgage Rates Reclaim Last Week's Declines

Glenn Setzer — Wed, 06 Feb 2008 13:00:00 GMT

It was nice while it lasted but mortgage rates last week reversed a four week downward trend and made up much of the ground they lost a week earlier. However, they still remained well below where they were at the end of 2007 when the four-week slide began.

The volume of mortgage applications reported by survey respondents continues to be much stronger than...

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Mortgage Rates Still Falling Hitting Four Year Low

Glenn Setzer — Wed, 30 Jan 2008 13:00:00 GMT

Mortgage interest rates for the week ended January 24 continued to fall and long term rates hit their lowest levels since the spring of 2004 according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended January 24, 2008.

Mortgage application volume increased 7.5 percent on a seasonally adjusted basis from a week earlier and 10.5 percent on an unadjusted basis. The volume was...

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Mortgage Rates at 2.5 Year Low

Glenn Setzer — Thu, 24 Jan 2008 13:00:00 GMT

Mortgage rates continued to fall during the week ended January 17 according to the results of the Primary Mortgage Market Survey released by Freddie Mac and, in the case of 30 and 15-year fixed rate mortgages (FRMs) reached the lowest level since July 2005.

"Refinance applications are up 92% since the beginning of November and purchase applications are...

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Mortgage Rates Plummet While Applications and Refinancing Increase

Glenn Setzer — Wed, 16 Jan 2008 13:00:00 GMT

Mortgage rates plummeted last week as week economic reports, chiefly jobs and unemployment reports came in at the weakest levels in several years.

The Freddie Mac Primary Mortgage Market Survey reported that the 30- year fixed-rate mortgage (FRM) dropped 20 basis points from the previous week to an average of 5.87 percent.

The current Weekly Mortgage Applications Survey (for the week ending January 11,) confirmed that the trend of higher mortgage applications is continuing...

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Mortgage Applications Surge Into New Year

Glenn Setzer — Wed, 09 Jan 2008 13:00:00 GMT

Interest rates were down significantly during the week ended January 5, but the big news was the surge in mortgage applications that welcomed in the New Year.

The Mortgage Bankers Association (MBA) announced that mortgage loan applications increased 32.2 percent on a seasonally adjusted basis from the pace during the week between Christmas and New Years. Not too surprising...

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Mortgage Applications Slow While Rates Are Mixed

Glenn Setzer — Thu, 27 Dec 2007 13:00:00 GMT

Mortgage rates were up slightly during the pre- holiday week ended December 20 according to the Primary Mortgage Market Survey conducted by Freddie Mac.

The 30-year fixed rate mortgage (FRM) averaged 6.14 percent with 0.4 point for the week, up from 6.11 percent with 0.5 point the week before. During the same week in 2006 the 30-year FRM carried an average interest rate of 6.13 percent.

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Mortgage Rates Rise While Application Activity Plummets

Glenn Setzer — Wed, 19 Dec 2007 13:00:00 GMT

Mortgage interest rates took a jump upward during the week ended December 13 and December 14 according to information released by Freddie Mac and the Mortgage Bankers Association respectively.

Mortgage applications activity was weak; the seasonally adjusted measure of volume was...

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Two Surveys Show Big Rate Moves In Opposite Directions

Glenn Setzer — Thu, 13 Dec 2007 13:00:00 GMT

The two mortgage interest rate surveys upon which we report each week showed big changes for long term rates during the week ended December 6 and 7, but the difference in the outcomes was striking. Two of the products tracked by Freddie Mac dropped to new two year lows while the Mortgage Bankers Association (MBA) reported substantial upward movement.

The most recent result of Freddie Mac's Primary Mortgage Market Survey for showed the 30-year fixed-rate mortgage (FRM) averaging...

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Mortgage Rates Back To May 2007 Levels

Glenn Setzer — Wed, 07 Nov 2007 13:00:00 GMT

Mortgage rates fell last week to their lowest point in nearly six months according to the results of Freddie Mac's Primary Mortgage Market Survey for the week ended November 1.

The average rate for the 30-year fixed-rate mortgage (FRM) dropped to 6.26 percent with an average 0.4 point from the average the previous week of 6.33 percent with 0.5 point. This was the lowest average rate for the 30-year FRM since the week ended May 17 when it averaged 6.21 percent. One year ago this product...

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Growth Worries Push Mortgage Rates Down

Glenn Setzer — Thu, 01 Nov 2007 11:00:00 GMT

Mortgage rates showed substantial declines for the previous week according to Freddie Mac's Primary Mortgage Market Survey. Similar drops were recorded by the Mortgage Bankers Association (MBA) in its Mortgage Applications Survey for the week ended October 26.

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