Home >> Tag Archives: Adjustable-Rate Mortgages

Tag Archives: Adjustable-Rate Mortgages

Mortgage Rates Continue to Tick Down

The average interest rate for a 30-year fixed-rate mortgage (FRM) slipped 7 basis points in the last week, settling at 3.59 percent (0.7 point) for the week ending February 5, Freddie Mac reported Thursday. "Mortgage rates fell this week following the release of weaker than expected pending home sales, which fell 3.7 percent in December," said Len Kiefer, deputy chief economist for Freddie Mac.

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Mortgage Rates Hold Near All-Time Lows

According to data released by Freddie Mac on Thursday, the average interest rate for a 30-year fixed-rate mortgage loan was 3.66 percent (0.6 point) for the week ending January 29. This week's movement marked a slight increase from last week's average 3.63 percent—the first time this year that rates have gone up in the company's survey.

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Mortgage Rates Mixed in Weekly Reports

Freddie Mac's weekly Primary Mortgage Market Survey saw a slight drop in the 30-year fixed rate to an average 3.63 percent (0.7 point) for the week ending January 22, the company reported Thursday. With the decline, the 30-year fixed-rate mortgage (FRM) remains at its lowest average since May 2013.

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