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Mortgage interest rates increased during the week ended March 13, in some cases more than wiping out the substantial declines reported for the week ended March 6. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) had an average rate of 6.13 percent, an increase...
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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. Freddie Mac's Primary Mortgage Market Survey...
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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. Freddie Mac's Primary Mortgage Market Survey reported that the average rate for a 30-year fixed-rate mortgage...
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In perhaps the only good news in the mortgage and real estate worlds this week, both long and short term interest rates for the week ended July 19 barely budged from their positions a week earlier. With hedge funds that had heavily invested in residential mortgage-backed securities literally bleeding...
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According to the Freddie Mac Primary Mortgage Market Survey for the previous week, long term interest rates were down for the third week in a row. However, the Weekly Mortgage Market Survey released by the Mortgage Bankers Association reported quite the opposite results with rates up sharply from a week...
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Mortgage rates decreased for the second week in a row according to the results of Freddie Mac's Primary Mortgage Market Survey for the previous week. The 30-year fixed-rate mortgage (FRM) decreased from 6.69 percent with 0.5 point to 6.67 percent with 0.4 point. One year ago the 30-year FRM averaged...
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According to Freddie Mac's Primary Mortgage Market Survey for the previous week, the market has rolled back a small portion of the large increases in mortgage rates that were recorded over the prior five weeks. The 30-year fixed-rate mortgage (FRM) which had increased from 6.15 percent to 6.74 percent...
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Interest rates as reported by Freddie Mac and those published by the Mortgage Bankers Association (MBA) diverged sharply for the week ending June 14 (Freddie Mac) and June 15 (MBA). Freddie Mac's Primary Mortgage Market Survey concluded there was a double digit jump in the rates of each of the four products...
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Mortgage rates continued to climb last week according to the results of Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 6.53 percent with 0.4 point, 11 basis points higher than the average for the week ended May 31. In the five weeks since rates began their...
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Longer term mortgage rates hit 2007 highs during last week according to the results of Freddie Mac's Primary Mortgage Market Survey. With the exception of the one-year adjustable rate mortgage (ARM) rates have gone up 20 or more basis points in the last two weeks. The 30-year fixed-rate mortgage (FRM...
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Maybe it is just temporary, but it looks like the worm - that is the mortgage interest rate version of it - has finally turned. Freddie Mac's Primary Mortgage Market Survey for the previous week had some pretty heart-stopping data for those who may have hoped for continued low rates. However, this is...
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New Home Sales Post Sharpest Jump In 14 Years After quite a few weeks floating in the doldrums, mortgage rates made some modest moves last week. Unfortunately those movements, from a consumer perspective, were all in the wrong direction. According to Freddie Mac's Primary Mortgage Market Survey' the...
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Once more there was little movement in the mortgage markets during the week ended May 10, especially for fixed rate mortgages (FRM). The 30-year FRM averaged 6.15 percent with 0.5 point compared to 6.16 percent and 0.5 point the previous week while the 15-year FRM was unchanged at 5.87 percent and 0...
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The two mortgage rate surveys we follow each week showed few significant changes for the weeks ended May 3 (Freddie Mac) and May 4 (Mortgage Bankers Association) although the MBA data did show a substantial change in the 30-year fixed rate mortgage (FRM) rate. Freddie Mac's Primary Mortgage Market Survey...
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Soothing news about inflation was reflected by declining mortgage interest rates last week, although Freddie Mac and the Mortgage Bankers Association were in substantial disagreement about the scale of the changes. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage...