Home >> Tag Archives: Fixed-Rate Mortgages

Tag Archives: Fixed-Rate Mortgages

More Affluent Buyers Turning to ARMs

An erratic mortgage rate market has not necessarily been a “farewell to ARMs,” as Zillow reports the share of ARM apps hit a 15-year high point, comprised primarily of those making nearly $75,000 more than the average borrower.

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A Resurgence of ARMs

mortgage application

What does the rise of ARMs indicate for the housing market and which areas are experiencing a higher demand for this mortgage product? Here’s what an analysis found.

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Mortgage Rates Pick Up for Second Straight Week

Freddie Mac reported Thursday that the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.76 percent (0.6 point) for the week ending February 19, up from 3.69 percent a week ago and the highest rate since 2014's final reading.

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Continued Job Growth Lifts Mortgage Rates from 2015 Lows

Freddie Mac's Primary Mortgage Market Survey for the week ending February 12 shows the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.69 percent (0.6 point) this week, up a full 10 basis points from last week's 2015 low of 3.59 percent.

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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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Global Economic Woes Drag Mortgage Rates Down Further

In a survey released Thursday, Freddie Mac reported that the 30-year fixed-rate mortgage (FRM) averaged a rate of 3.66 percent (0.6 point) for the week ending January 2015, a decline of 7 basis points from last week. Last year around this time, the 30-year FRM averaged 4.41 percent.

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