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In its first week at least, the conservatorship of Freddie Mac and Fannie Mae accomplished one part of the hoped-for effect; longer term mortgage rates plunged to levels not seen for months. Freddie's Primary Mortgage Market Survey for the week ended September 11 (which includes the four business...
Posted to
MND NewsWire
by
Jann Swanson
on
Fri, Sep 12 2008
Filed under:
Filed under: mortgage rates, Freddie Mac, Mortgage Bankers Association, Mortgage Applications, Frank Nothaft, freddie mac, mortgage applications, mortgage rates, mortgage bankers association, frank nothaft
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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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NOTE: Follow daily mortgage rate activity with our blogs: A blog for Mortgage Professionals A blog for Consumers interested in following mortgage rates Mortgage rates continued to grow in the most recent week, now approaching very close to the level of interest rates at the beginning of the year. This...
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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 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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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 continued to decline by baby steps as reported by Freddie Mac in its Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 6.20 percent with 0.5 point during the week ended November 21. The previous week it averaged 6.24 percent with 0.4 point. One year ago the...
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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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Buoyed by the strong employment figures for September that were released last week, mortgage interest rates rose slightly in all categories according to Freddie Mac's Primary Mortgage Market Survey for the previous week. It is interesting that, with the exception of the short-term ARM, rates were virtually...
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Freddie Mac's Primary Mortgage Market Survey for the previous week showed both long and short term mortgage rates easing off slightly after three straight weeks of rising numbers. The rates reported from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the same week, however...
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Long term mortgage rates during the previous week did not respond at all to the drop in the Federal Funds Rate announced by the Federal Reserve a little over a week earlier according to Freddie Mac's Primary Mortgage Market Survey (PMMS). Shorter term rates did decline several basis points. The 30-year...
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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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Even before the Federal Reserve's half point rate cut on Tuesday Freddie Mac's Primary Mortgage Market Survey showed another dramatic downturn in both long and short term interest rates for conventional mortgages. The Federal Funds, the rate impacted by the Federal Reserve's action on Tuesday actually...
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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...