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If you don't have a TV, a radio, or a newspaper, you may have missed all of the negative press surrounding the mortgage and housing markets . The severity of the situation has created a sort of panic that has paralyzed the consumer. Rather than deal with any aspect of the problem, we wait for someone...
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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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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...
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Mortgage rates assumed a split personality again this past week with Freddie Mac showing moderate increases and the Mortgage Bankers Association reporting similar movement in the opposite direction. Freddie Mac's Primary Mortgage Market Survey for the previous week reported that the 30-year fixed-rate...