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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. The 30-year fixed-rate mortgage (FRM) averaged 6.40 percent with 0.6 point for the week compared with...
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Mortgage interest rates broke through the gridlock of the last few weeks and, with the exception of one-year adjustable rates, moved lower. According to Freddie Mac, the results of its Primary Mortgage Market Survey indicated that the average contract rate for the 30-year fixed-rate mortgage (FRM) was...
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Mortgage interest rates remained flat during the week ended August 7 according to the weekly Primary Mortgage Market Survey released by Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 6.5 percent with 0.7 point, unchanged from the previous week. The 15-year FRM averaged 6.10 percent, up 3...
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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. 30-year FRMs averaged 6.63 percent with 0.6 point for the week, compared to 6.26 percent with 0.6 point a week earlier and the 15-year FRM averaged 6.18...
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Rates for both short- and long-term mortgages tumbled last week according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) dropped to an average of 6.26 percent with 0.6 point for the week ended July 17. The previous week the 30-year averaged 6.37 percent also with...
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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 30-year fixed-rate mortgage (FRM) increased from 6.35 percent with 0.6 point during the week ended July 3 to 6.37 percent also with 0.6 point...
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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...
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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. The information comes from the Primary Mortgage Market Survey released from Freddie Mac as financial markets waited...
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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 unchanged at 0.7. This was the highest rate...
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After weeks of relative inactivity, long-term interest rates took a huge jump, finishing the week ended June 12 at an eight-month high. According to the Freddie Mac Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.32 percent with 0.7 point. During the week ended June 5...
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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...
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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. The 30-year fixed-rate-mortgage (FRM) averaged 6.08...
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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. Frank Nothaft, Freddie Mac vice president and chief economist reported that "Interest rates for fixed-rate mortgages fell...
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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...
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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. Freddie Mac vice president and chief economist Frank Nothaft said, "This week saw little...