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Home >> Tag Archives: Mortgage Rates

Tag Archives: Mortgage Rates

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Mortgage Rates Reach New Highs for 2015

Mortgage Rates Reach New Highs for 2015

*+-The average fixed mortgage rates have reached new 2015 highs, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS). According to the survey, the 30-year fixed-rate mortgage (FRM) averaged 4.08 percent with an average 0.6 point for the week ending July 2, 2015. This is an increase from last week when it averaged 4.02 percent.

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Freddie Mac Posts Upward Trending Mortgage Rates

Freddie Mac Posts Upward Trending Mortgage Rates

*+-In their Mortgage Market Survey (PMMS), Freddie Mac found that mortgage rates inched to the highest levels seen in nearly a month for the week ending May 7, 2015. Len Kiefer, deputy chief economist at Freddie Mac, attributes the rise in part to a selloff in German bonds that drove U.S. Treasury yields above 2.2 percent.

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Freddie Mac Finds Mortgage Rate Drop Amid Underwhelming Job Growth

Freddie Mac Finds Mortgage Rate Drop Amid Underwhelming Job Growth

*+-Variable-rate mortgages were down as well. According to Freddie, 5-year Treasury-indexed hybrid adjustable-rate mortgages averaged 2.83 percent this week, down from last week’s 2.92 percent. A year ago, the 5-year ARM averaged 3.09 percent. However, 1-year Treasury-indexed ARMs maintained at 2.46 percent, almost unchanged from a year ago.

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Refi Share Makes Comeback in January

Refi Share Makes Comeback in January

*+-Based on a sample of loans originated on the company's platform, Ellie Mae reported that refinances accounted for 51 percent of loan volume in January, a jump of 8 percentage points from December. The spike put refinance share at its highest in more than a year and a half.

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