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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. There are frequently differences in the trends revealed in the two surveys which...
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Mortgage rates continued to move upwards during the week ended February 28 according to the Primary Mortgage Market Survey report released by Freddie Mac. The 30-year fixed-rate mortgage (FRM) climbed 20 basis points from the average 6.04 rate a week earlier although fees and points declined from 0.6...
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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. The 30-year FRM increased to 5.72 from 5.67 the previous week with fees and points unchanged at 0.4. One year ago the 30-year FRM averaged...
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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, down a single...
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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. The survey showed that the 30-year fixed-rate mortgage...
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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. The 30-year FRM averaged 5.69 percent, down...
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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...
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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...
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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...
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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...
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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...
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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. Freddie Mac reported that the 30-year fixed...
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It was one of those weeks when one had to wonder if Freddie Mac and the Mortgage Bankers Association were operating in the same universe. The former presented results of its weekly survey indicating that mortgage rates were dead in the water while the latter reported substantial interest rate declines...
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Short term mortgage rates which had been rising, sometimes very sharply over the last few weeks fell a bit last week while long term rates were almost unchanged in the Freddie Mac Primary Mortgage Market Survey for the previous week. The 30-year fixed-rate mortgage (FRM) moved up one basis point from...
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Mortgage rates increased in every category last week according to surveys released by Freddie Mac and by the Mortgage Bankers Association. Freddie Mac's Primary Mortgage Market survey reported that the 30-year fixed-rate mortgage (FRM) averaged 6.62 percent with 0.4 point during the week ended August...