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Home >> Tag Archives: Mortgage Rates

Tag Archives: Mortgage Rates

Mortgage Rates Jump to 4-Month High

Mortgage Rates Jump to 4-Month High

Freddie Mac released Thursday the results of its latest Primary Mortgage Market Survey, showing the interest rate on the 30-year fixed-rate mortgage (FRM) jumping more than 10 basis points to an average 4.23 percent (0.5 point), the highest level since the start of May. It was the biggest one-week gain so far this year. "Fixed-rate mortgage rates rose this week following the increase in 10-year Treasury yields being partially fueled by market speculation the Federal Reserve might change its interest rate guidance," said Frank Nothaft, VP and chief economist at Freddie Mac.

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Mortgage Rates Move Up from 2014 Lows

Mortgage Rates Move Up from 2014 Lows

Freddie Mac reported Thursday that the average 30-year fixed mortgage rate came up slightly to 4.12 percent (0.5 point) for the week ending September 11, marking the first increase after three weeks of year-low averages. A year ago, the 30-year fixed-rate mortgage (FRM) averaged 4.57 percent in Freddie Mac's Primary Mortgage Market Survey.

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Mortgage Applications Plunge in Latest Index

Mortgage Applications Plunge in Latest Index

Applications for mortgage loans took a hard drop in September's first week, ending at their lowest level in nearly 14 years, according to a report from the Mortgage Bankers Association (MBA). MBA's Weekly Mortgage Applications Survey showed loan applications fell 7.2 percent for the week ending September 5, declining to the lowest level since December 2000. The week's results include seasonal adjustments and an adjustment for the Labor Day holiday.

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Fixed Mortgage Rates Hold for Third Straight Week

Fixed Mortgage Rates Hold for Third Straight Week

Mortgage interest rates stayed fairly level this week, settling in ahead of Friday's August jobs report. Freddie Mac released on Thursday the results of its latest Primary Mortgage Market Survey, showing the average 30-year fixed-rate mortgage (FRM) coming in at 4.10 percent (0.5 point) for a third straight week, the lowest level seen so far this year.

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Mortgage Rates Hover Heading into Holiday Weekend

Mortgage Rates Hover Heading into Holiday Weekend

Having hit their lowest level of 2014 last week, mortgage rates barely budged in the latest market report from Freddie Mac. The company reported Thursday the average interest rate for a 30-year fixed-rate mortgage (FRM) was 4.10 percent (0.5 point) for the week ending August 28, unchanged heading into the Labor Day holiday.

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Long-Term Mortgage Rates Fall to Year-Low

Long-Term Mortgage Rates Fall to Year-Low

Average fixed mortgage rates drifted down again this week, sinking to their lowest level so far this year. Freddie Mac reported Thursday that the average fixed interest rate for a 30-year fixed-rate mortgage (FRM) was 4.10 percent (0.5 point) for the week ending August 21, down 2 basis points from last week's average. The previous 2014 low was 4.12 percent, first seen in late May and then again three more times throughout the summer.

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Mortgage Apps Rise in Latest Survey

Mortgage Apps Rise in Latest Survey

The Mortgage Bankers Association (MBA) reported a 1.4 percent seasonally adjusted bump in application volumes for the week ending August 15, a partial reversal from the 2.7 percent decline reported the week prior. While last week's results were lifted by improvement in applications for conventional mortgages, they were also weighed down by a 5.9 percent decrease in applications for government mortgages.

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Fixed Mortgage Rates Sink Slightly

Fixed Mortgage Rates Sink Slightly

The average rate for 30-year fixed-rate mortgages (FRMs) dropped to a year-low 4.12 percent with an average 0.6 point for the week ending August 14, according to Freddie Mac, down from 4.14 percent from the week ending August 7 and from 4.40 percent from the same week in 2013.

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Atlanta Lender to Pay $19.3M in Alleged Bait and Switch

Atlanta Lender to Pay $19.3M in Alleged Bait and Switch

The Consumer Financial Protection Bureau has targeted an Atlanta-based online lender to pay up for its role in an alleged bait and switch scheme. AmeriSave, its affiliate, Novo Appraisal Management Companies, and the CEO/owner of both companies, Patrick Markert, were penalized for misleading consumers by advertising fraudulent low rates and then failing to honor those rates once the consumers were locked in.

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Mortgage Rates Remain Stuck

Mortgage Rates Remain Stuck

Nearly three months after first settling into the 4.10 percent to 4.20 percent range, long-term fixed mortgage rates continue to show little movement. According to Freddie Mac's weekly Primary Mortgage Market Survey, the 30-year fixed mortgage rate this week came to an average 4.14 percent (0.7 point), up slightly from 4.12 percent in the last survey.

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