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After a single "up" week, long term interest rates have resumed the slow downward pattern that began the week ending July 20. Freddie Mac's Primary Mortgage Market Survey for the week ended September recorded an average rate of 6.43 percent for the 30-year fixed-rate mortgage. This is 3 basis points...
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Mortgage rates reversed a six week downward trend, increasing slightly during the week ended September 7 according to the Weekly Primary Mortgage Market Survey released by Freddie Mac. Both types of fixed-rate mortgages were up slightly . The 30-year fixed increased from 6.44 percent during the week...
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Once again Freddie Mac is reporting that mortgage rates are down from the preceding week and have now reached levels not seen since late March and early April. The Primary Mortgage Market Survey for the week ended August 31 reported that the 30-year fixed-rate mortgage averaged 6.44 percent with an average...
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For the fifth straight week Freddie Mac reported that mortgage rates fell from the previous week's level. During the past week which ended August 24 all four the of the mortgage products tracked by Freddie Mac reached levels last seen at some point this past April. The Mortgage Bankers Association, however...
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Most interest rates were down again during the week ended August 17 and 18, but the changes were not nearly as aggressive as immediately after the Federal Reserve Board's decision to pause in its long term pattern of quarter-point rate increases. Freddie Mac's Weekly Primary Mortgage Market Survey for...
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It is hard to imagine how two organizations could deviate more on the direction of mortgage rates than Freddie Mac and The Mortgage Bankers Association did in their respective reports for the week ending August 10 and August 11. In the wake of the Federal Reserves' decision to halt, temporarily at least...
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Mortgage rates dropped again during the week ended August 3 and August 4, and with the announcement on August 8 that the Federal Reserve has, for the moment at least, stopped its regular lock step quarter-point increases in the federal funds rate, there is reason to hope that home mortgage rates will...
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It was nice while it lasted - one full week to be exact - but, according to Freddie Mac the mortgage market last week took back most of the rate decreases that were so welcome the week before. The Mortgage Bankers Association, however, recorded rate drops stretching into a second week. Freddie's Weekly...
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Mortgage rates backed off during the week ending July 13 and 14th, declining in every category tracked by both Freddie Mac and the Mortgage Bankers Association. Frank Nothaft, Freddie Mac's vice president and chief economist upped the optimism factor by stating that the financial markets now expect only...
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Mortgage rates barely budged during the week ended July 6 and July 7. While the average contract rate of most products moved up, changes were virtually imperceptible, perhaps lending further credence to Freddie Mac's projection in its July Economic Outlook that rates would "continue to bounce around...