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Mortgage rates were fairly stagnant during the week ended December 14 according to the Primary Mortgage Market Survey released by Freddie Mac. Frank Nothaft, Freddie Mac vice president and chief economist said that "Mixed economic reports have kept mortgage rates from making any drastic changes. On the...
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Mortgage rates declined yet again in the results of the Primary Mortgage Market Survey for the week ended December 7. Freddie Mac reported that the 30-year fixed-rate mortgage reached the second lowest point of the year at 6.11 percent with an average 0.5 point. This was a drop of 3 basis points from...
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Mortgage rates continued to trend downward during the week ended November 30 according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) reached its third lowest level of the year at 6.14 percent with an average of 0.4 in fees and points. With 2006 drawing to an end...
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Long term interest rates took a bit of a dive during the week ended November 22 according to Freddie Mac's Primary Mortgage Market Survey. The 30-year fixed-rate mortgage (FRM) averaged 6.18 percent, A drop of six basis point from the previous week and the lowest point the 30-year FRM has seen since...
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Mortgage rates continued a general downward trend during the week ended November 16 with the long term rate retreating substantially. According to Freddie Mac and its Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 6.24 percent. This was 9 basis points below the average...
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Frank Nothaft, vice and president and chief economist of Freddie Mac credited declining third quarter Gross Domestic Product figures for a slight drop in mortgage interest rates for the week ended November 2. Nothaft said, "With mortgage rates down this week, we may see a spurt of refinancing by those...
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After surging a bit during the week ended October 12, mortgage rates barely moved according to the Primary Mortgage Market Survey conducted by Freddie Mac for the week ended October 19. The average rate for the 30-year fixed-rate mortgage was 6.36 percent last week compared to 6.37 the week before. Points...
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Maybe it was just too good to last. After four weeks of declining interest rates Freddie Mac reported a relatively sharp jump for each of the products it tracks during the week ended October 12. Frank Nothaft, Freddie Mac's vice president and chief economist blamed inflation jitters for the spike, saying...
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Mortgage rates for the week ended October 5 barely budged. After substantial downward moves over the last ten weeks only the 30-year fixed-rate mortgage and the one-year ARM changed at all, declining only slightly from the previous week. Freddie Mac’s Primary Mortgage Market Survey reported that...
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The old mortgage tracking clock has just rolled back to March 2 . That was the last time that the interest on a 30-year fixed-rate mortgage was lower than the average contract rate that Freddie Mac reported for last week, the week ending September 28. The most recent Weekly Primary Mortgage Market Survey...