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Weekly mortgage applications in the United States decreased in the week ending October 31, according to data released from the Mortgage Bankers' Association (MBA) on Wednesday, which reported a 20.3% week-over-week fall in applications. In the previous week, applications rose by 16.8%. The portion...
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Mortgage interest rates as reported by Freddie Mac were only slightly changed if changed at all during the week ended December 27 - the last full survey week of the year. The Primary Mortgage Market Survey reported an average for the 30-year fixed rate mortgage (FRM) of 6.17 percent with an average 0...
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With the exception of the five-year treasury indexed hybrid adjustable rate mortgage (ARM), mortgage rates remained virtually unchanged for the second week in a row according to the results of the Primary Mortgage Market Survey conducted by Freddie Mac for the week ended November 15. The 30-year fixed...
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Both long and short term interest rates dropped slightly last week according to Freddie Mac's Primary Mortgage Market Survey for the week ended November 8. The 30-year fixed-rate mortgage (FRM) averaged 6.24 percent with an average 0.4 point for the week compared with 6.26 and 0.4 point the week before...
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The Federal Reserve's striking 50 basis point cut in the Federal Funds Rate occurred only two days before the Freddie Mac Primary Mortgage Market Survey and the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey were locked down for the weeks ending September 20 and September 21...
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Long term mortgage interest rates showed a healthy decline during the previous week according to the Primary Mortgage Market Survey released by Freddie Mac. The one-year ARM, however, shot up in this report as it had one week earlier in the Mortgage Bankers Association survey. The 30-year fixed rate...
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Mortgage rates declined again during the week ended August 2 according to the Weekly Mortgage Market Survey conducted by Freddie Mac and the week ended August 3 per the Weekly Mortgage Applications Survey released by the Mortgage Bankers Association. Freddie Mac's report indicted that the 30-year fixed...
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To use the word "drift" in conjunction with the mortgage market the past week would be suggesting too much energy in mortgage rates and in the market. According to Freddie Mac's Primary Mortgage Market Survey for last week, fixed rate mortgages (FRM) inched down a maximum of two basis points and ARMs...
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Here we are looking at mortgage rates for the first week of the year's second quarter and we might as well be looking at the rates for the beginning of the year. For fourteen week rates have moved up and down within a narrow range of 14 to 20 basis points, ending up, in the case of the 30-year fixed...
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In its report of the results of its Primary Mortgage Market Survey for last week, Freddie Mac took some credit for the stability in mortgage rates in spite of the turbulence in the subprime market. Those troubles claimed another victim on Monday when New Century Financial finally did what had been expected...
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Freddie Mac's Primary Mortgage Market Survey placed the 30-year fixed rate mortgage (FRM) at 6.16 percent, little changed from the previous week when the 30-year averaged 6.14 percent. Fees and points averaged 0.4 both weeks. During the same week in 2006 this product carried an average rate of 6.32 percent...
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Mortgage rates were essentially unchanged during the week ended March 15 according to Freddie Mac's Primary Mortgage Market Survey. The corporation's chief economist and vice president Frank Nothaft said that the lack of movement was largely due to the lack of economic news. "The economy added 97,000...
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Mortgage rates tracked by Freddie Mac in its Primary Mortgage Market Survey for the previous week mostly established new 2007 lows. The 30-year fixed-rate mortgage (FRM) lost four basis points from the previous week, averaging 6.14. This was the lowest rate since the week ended December 21. Fees and...
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After a single week of declining rates, mortgage interest rates returned to the pattern of small incremental increases that has prevailed since mid-December. The Freddie Mac Primary Mortgage Market Survey for last week showed the 30-year fixed-rate mortgage (FRM) had an average contract interest rate...
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Mortgage rates ratcheted down last week according to the results of Freddie Mac's Primary Mortgage Market Survey. Rates have generally been on an upward trajectory since the mid December. Frank Nothaft, Freddie Mac vice president and chief economists said, "News of moderate employment gains in January...