According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.91 percent (0.7 point) for the week ending June 6, up 10 basis points over last week. Last year at this time, the 30-year FRM averaged 3.67 percent. Meanwhile, Bankrate's weekly national survey had the 30-year fixed rising to 4.1 percent, its highest level since April 2012. The 15-year fixed increased to 3.28 percent, while the 5/1 ARM rose 12 basis points to 2.93 percent.
Read More »Mortgage Rates Rocket as Analysts Foresee End to Fed Activity
Encouraging economic data helped lift fixed mortgage rates to their highest level in the past year this week, according to surveys from Freddie Mac and Bankrate.com.
Read More »Fixed Rates Continue to Climb
Fixed mortgage rates trended higher for the third consecutive week, according to reports from Freddie Mac and Bankrate.com.
Read More »Mortgage Rates Climb for Second Week
According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.51 percent (0.7 point) for the week ending May 16, a significant climb from last week.
Read More »April Job Growth Lifts Mortgage Rates
After spending the last month approaching record lows, fixed mortgage rates reversed the trend this week. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.42 percent (0.7 point) for the week ending May 9, up from last week, when it averaged 3.35 percent. Last year at this time, the 30-year FRM averaged 3.83 percent. According to Frank Nothaft, VP and chief economist for Freddie Mac, the rise in fixed rates this week was a reaction to April's better than expected employment report.
Read More »Mortgage Rates Approach Record Lows
Rates fell all around in Freddie Mac's Primary Mortgage Market Survey for the week ending May 2.
Read More »Refinance Demand Lifts Mortgage Application Volume
The Market Composite Index in the Mortgage Bankers Association's (MBA) weekly applications survey rose 1.8 percent for the week ending April 26.
Read More »Downward Trend Continues for Mortgage Rates
Mortgage rates dipped last week--some of them hitting record lows--as unstable economic news left investors with visions of another potential economic slowdown.
Read More »Mortgage Rates Shift Slightly, Remain Near Lows
According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.57 percent (0.8 point) for the week ending March 28, up from 3.54 percent the previous week. Last year at this time, the 30-year FRM averaged 3.99 percent. Bankrate.com reported slight decline in the 30-year fixed average, meanwhile. According to the site's weekly survey, the average 30-year rate fell from 3.78 percent to 3.75 percent in the last week.
Read More »Mortgage Rates Turn Down Amid Eurozone Woes
After spiking last week, mortgage rates took a dive this week as tension broke out in Europe over the financial crisis in the island country of Cyprus.
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