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Tag Archives: Bankrate

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.

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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.

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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.

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