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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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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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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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Mortgage rates in general took a fairly substantial dive during the previous week with longer term rates dropping double digits in most cases and some rates returning to mid-2006 levels. However, the Mortgage Bankers Association reported a spectacular increase in the interest rate of the one-year adjustable...
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Only fixed-rate mortgages (FRMs) continued to trend downward last week according to the results of Freddie Mac's Primary Mortgage Market Survey . Shorter term rates were all up slightly in that survey as were all rates in the Weekly Mortgage Applications Survey released by the Mortgage Bankers Association...