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Tag Archives: Adjustable-Rate Mortgage

Mortgage Rates Edge Down

Freddie Mac released Thursday the results of its latest Primary Mortgage Market Survey, showing the average 30-year fixed-rate mortgage (FRM) coming in at an interest rate of 4.13 percent (0.6 point) for the week ending July 17. Bankrate.com's survey was similarly flat, with both the 30- and 15-year fixed averages falling 1 basis point each.

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June Job Growth Boosts Mortgage Rates

Signs of a healing—though still depressed—jobs market provided some slight lift to mortgage rates this week, market data shows. In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average 30-year fixed rate at 4.15 percent (0.7 point) for the week ending June 10, up from 4.12 percent in last week's survey. A year ago, the 30-year fixed-rate mortgage (FRM) averaged 4.51 percent following a spike in late June.

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Mortgage Rates Dig In for Holiday Weekend

According to Freddie Mac's Primary Mortgage Market Survey, the average interest rate for a 30-year fixed-rate mortgage (FRM) product was 4.12 percent (0.5 point) for the week ending July 3. Rates remained down year-over-year for the second straight week, "which should provide some help with homebuyer affordability in many markets," said Frank Nothaft, chief economist for Freddie Mac.

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Mortgage Rates Down on Weak GDP Report

Freddie Mac's weekly Primary Mortgage Market Survey, released Thursday, shows the average rate for a 30-year fixed-rate mortgage (FRM) falling to 4.14 percent (0.5 point) for the week ending June 26, a continued slide from 4.17 percent last week .The declines follow Wednesday's report on gross domestic product in the first quarter, which surprised most analysts with news of a worse than expected contraction in the nation's economy.

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Mortgage Rates Hover Following Fed Announcement

A year ago, interest rates were on their way up on speculation that the Fed may soon start tapering its bond stimulus. Now that the central bank is on track to potentially end its stimulus purchases by the end of the year, rates have actually shown little movement, defying expectations. While the first quarter's economic contraction is partly responsible for rates staying put, analysts at Bankrate.com say developments overseas are also having an effect.

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Mortgage Rates Move Up from 2014 Lows

In its latest survey results, Freddie Mac recorded the average 30-year fixed rate at 4.14 percent (0.5 point) for the week ending June 5, up from last week's average 4.12 percent. A year ago, the 30-year fixed-rate mortgage (FRM) was 3.91 percent and rising. The 15-year FRM also moved up this week, hitting an average of 3.23 percent (0.5 point).

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Mortgage Rates Slide for Fifth Straight Week

In its weekly released Primary Mortgage Market Survey, Freddie Mac found the average rate for a 30-year fixed-rate mortgage (FRM) was 4.12 percent (0.6 point) for the week ending May 29, down from 4.14 percent last week and the lowest 30-year fixed average since October 2013.

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Purchase Market Grows; Loans Take Less Time to Close

Purchase loans made up 63 percent of originations in April, up from 60 percent a month earlier and significantly higher than last year, according to the latest report from Ellie Mae. Jonathan Corr, Ellie Mae's president and COO, noted it was the highest share of purchase loans the company has recorded since it began reporting data in August 2011.

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Mortgage Rates Remain on Downward Path

In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at 3.59 percent and climbing amid speculation the Federal Reserve would soon start tapering its monthly asset purchases.

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Mortgage Rates Hit 6-Month Low

According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year average fixed-rate mortgage (FRM) eased to 4.20 percent (0.6 point) for the week ending May 15, a drop from the last survey. "These lower than expected rates are welcome news with the spring home buying season underway and may even provide those who haven't already refinanced possibly a reason to take another look," said Frank Nothaft, chief economist at Freddie Mac.

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