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...
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...
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...
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...
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...
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...
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...
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...
Long term mortgage interest rates showed a healthy decline during the previous week according to the Primary Mortgage Market Survey released by Freddie Mac. The one-year ARM, however, shot up in this report as it had one week earlier in the Mortgage Bankers Association survey. The 30-year fixed rate...
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...