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Tag Archives: Bankrate

Mortgage Rates Sink to Pre-‘Taper Tantrum’ Levels

Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) fell to 3.73 percent (0.6 point) in the last week, a decline of 14 basis points from the end of 2014. The 30-year fixed started off last year at an average 4.51 percent.

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What Will 2015 Bring for Mortgage Rates?

With the Federal Reserve recently ending its monthly asset purchases and turning toward the possibility of bringing short-term interest rates up in 2015, analysts (including economists at Freddie Mac, Fannie Mae, the Mortgage Bankers Association, and other housing groups and companies) are calling for the average 30-year fixed mortgage rate to rise to nearly 4.5 percent, with some calling for an average closer to 5 percent.

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Mortgage Rates Continue to Sink

According to figures released Thursday by Freddie Mac, the 30-year fixed mortgage rate averaged 3.80 percent (0.6 point) for the week ending December 18, down 13 basis points from last week's survey. Last year, the 30-year fixed-rate mortgage (FRM) averaged 4.47 percent.

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Mortgage Rates Fall to Lowest Point Since May 2013

The average interest rate for a 30-year fixed-rate mortgage fell to 3.89 percent for the week ending December 4, Freddie Mac reported Thursday in its Primary Mortgage Market Survey. According to the company, it was the lowest average 30-year rate recorded since the end of May last year.

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Mortgage Rates Drop for Second Week

In its Primary Mortgage Market Survey, Freddie Mac recorded the average 30-year fixed interest rate at 3.99 percent (0.5 point) for the week ending November 20, just down from an average of 4.01 percent last week. Last year at this time, the 30-year fixed-rate mortgage (FRM) averaged 4.22 percent.

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Mortgage Rates Little Changed in Latest Week

Freddie's Primary Mortgage Market Survey, released Thursday, shows the 30-year fixed-rate mortgage (FRM) coming in at an average interest rate of 4.01 percent (0.5 point) for the week ending November 13, just down from last week's average of 4.02 percent.

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Mortgage Rates Up for Second Week

In its weekly Primary Mortgage Market Survey, Freddie Mac reported the average interest rate for a 30-year fixed-rate mortgage (FRM) slid up to 4.02 percent (0.5 point) for the week ending November 6. It was the first time the 30-year fixed average measured above 4 percent in nearly a month.

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Mortgage Rates Rise After Scraping 16-Month Low

Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.98 percent (0.5 point) for the week ending October 30. Frank Nothaft, VP and chief economist at Freddie Mac, attributed the climb in interest rates to fair news in the housing market, pointing to new home sales and ongoing increases in the S&P Case-Shiller price indices.

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Mortgage Rates Sink to 16-Month Lows

Freddie Mac released Thursday the results of its weekly Primary Mortgage Market Survey, showing the average 30-year fixed interest rate dropping 15 basis points to 3.97 percent (0.5 point) for the week ending October 16. The week's average marks the lowest level for the 30-year fixed-rate mortgage (FRM) since the week of June 20, 2013—which also happens to be the last time it averaged below 4 percent.

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Despite Financial Security, More Americans Cutting Spending

In survey findings released Tuesday, Bankrate.com reported that two-thirds of American consumers are now limiting how much they spend each month. Of those who have had to draw their purse strings tighter, 32 percent cited stagnant income as the main reason, while 29 percent said they need to save more. Sixteen percent cited worries about the economy in general.

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