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Reports on the sales of both new and existing homes were released on Friday, March 23 and Monday, March 26 and they pointed in distinctly opposite directions. The National Association of Realtors (NAR) released figures showing an unexpected surge in existing home sales for February on the heels of a...
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Is it the end of the end of the housing bubble ? The National Association of Realtors (NAR) seemed to think so as it issued its November report on the sales of existing houses, the second month in a row when sales showed slight improvement over the previous month. New home sales also showed signs of...
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Mortgage rates were mixed for the week ending September 7 and September 8, with no definitive movement in either direction. After three weeks of declines, both Freddie Mac and the Mortgage Bankers Association (MBA) surveys saw rates up, down, and unchanged. According to Freddie Mac, the 30-year fixed...
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Mortgage rates were up again for the week ended August 11 (Freddie Mac) and August 12 (Mortgage Bankers Association.) This is the sixth straight week that Freddie Mac's Weekly Primary Mortgage Market Survey showed an increase in the 30 year fixed rate mortgage. That product averaged 5.89 percent last...
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Fixed rates mortgages made a sixth straight week of upward bound rates according to the Freddie Mac Weekly Primary Mortgage Market Survey for the week ending August 4. The 30 year fixed rate averaged 5.82 percent, up from 5.77 for the previous week. Fees and points were also up from 0.5 to 0.6. The 15...
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Mortgages rates were up again during the last week of July, marking the fourth straight week of increases for fixed rate loans and the fifth week for the 1-year adjustable rate mortgages. Freddie Mac reported that the 30-year fixed mortgage averaged 5.77 percent for the week ended July 28, up 4 basis...
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Average mortgage rates were up again last week according to both Freddie Mac and the Mortgage Bankers Association (MBA). Freddie Mac reported that fixed rate products were up for the fourth week in a row with the 30-year fixed at 5.73 percent compared to 5.66 percent the previous week and the 15-year...
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Mortgage rates reversed direction yet again last week; the only exception to a general rate increase was the drop reported for the 1-year ARM in the Mortgage Bankers Association (MBA) survey. Freddie Mac's Weekly Primary Mortgage Survey for the week ended July 7 reported that the 30-year fixed rate mortgage...
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Freddie Mac's message might be, "Be A Patriot, Buy A House" - Or at least that seems to be the underlying message of Freddie Mac's July Economic Outlook Report. The monthly report, prepared by the Office of the Chief Economist, states that it is housing that is indeed providing substantial impetus to...
Posted to
MND NewsWire
by
Glenn Setzer
on
Mon, Jul 11 2005
Filed under:
Filed under: mortgage rates, 1 Year ARM, mortgage originations, new home sales, existing home sales, Freddie Mac July Economic Outlook, Economic Report, U.S. Gross Domestic Product (GDP), renovations, new construction, home buying expenses, real estate commissions, single family housing starts, adjustable rate mortgages, home price appreciation
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Rates on 15 and 30 year mortgages continued to fall last week according to Freddie Mac, although the 5/1 and 1-year ARM were up by the smallest possible amount. Freddie's survey for the week ended June 30 had the 30 year down from 5.57 percent to 5.53 percent and the 15 year dropping from 5.16 percent...
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Both Freddie Mac and the Mortgage Bankers' Association surveys for the weeks ending June 23 and 24 respectively showed mortgage rates backing off from their increases the previous week. The Freddie Mac survey reported the 30-year fixed at 5.57 percent compared to 5.63 percent the previous week and the...
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Freddie Mac and the Mortgage Bankers' Association surveys for the weeks ended June 16 and June 17 were, for once, in total agreement - the average mortgage rates for all the products they tracked went up, some as much as 9 basis points. Freddie Mac reported the 30-year fixed mortgage rate at 5.63. This...
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According to Freddie Mac, the 30-year fixed rate mortgage hit a low for the year during the week ended June 9. The national average was 5.56 percent, down from 5.62 the previous week. The 15-year fixed also dropped 0.06 to 5.14 percent, the lowest since February 17, 2005. Both the 1-year ARM and the...
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FREDDIE ISSUES JUNE ECONOMIC PROGNOSTICATION If you want to add a headache to your day's aggravation, you are invited to read the latest Economic Outlook report issued late Wednesday by Freddie Mac's Office of the Chief Economist. It isn't their fault, nobody seems to understand what is going on nationally...
Posted to
MND NewsWire
by
Glenn Setzer
on
Fri, Jun 10 2005
Filed under:
Filed under: mortgage rates, home prices, mortgage originations, new home sales, existing home sales, consumer confidence, gross domestic product, trade deficit, Freddie Mac economic report, GDP first quarter 2005, Freddy Mac, unemployment, stable inflation, low inflation, U.S. exports, labor costs, job creation
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Fixed rate mortgages declined again last week and a decrease in fees and points helped to offset slight increases in some adjustable rate products. Freddie Mac reported that the 30-year fixed rate mortgage dropped from 5.65 percent to 5.62 percent and the 15-year inched down to 5.20 percent from 5.21...