Tag Archives: Bankrate

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.

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.

Unexpectedly positive employment and spending data drove mortgage rates to their highest level since August last week, according to Freddie Mac and Bankrate.com.

Freddie Mac's Primary Mortgage Market Survey indicated little to no movement in fixed rates for the week ending March 7. According to Freddie Mac's readings, the 30-year fixed-rate mortgage (FRM) averaged 3.52 percent (0.7 point) this week, up slightly from the previous 3.51 percent average. Last year at this time, the 30-year FRM averaged 3.88 percent. Meanwhile, Bankrate.com reported no movement in any of its three major metrics, with all of them reading the same as last week.

Mortgage rates finally broke their holding pattern this week, pulling back as reports demonstrated the housing market's ongoing strength and the global economy's precariousness. According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 3.51 percent (0.8 point) for the week ending February 28, dropping from 3.56 percent previously. Last year at this time, the 30-year FRM averaged 3.90 percent. Bankrate.com's weekly national survey showed rates falling to five-week lows.

Fixed mortgage rates moved up just a smidgen this week, according to surveys from Freddie Mac and Bankrate.com.

Fixed mortgage rates continued to hold steady last week, according to data from Freddie Mac and Bankrate.com.

After spiking,, fixed mortgage rates held their ground last week as the economy showed signs of stability, at least for the near future.

Fixed mortgage rates took a major leap up last week amid news of a growing economy led in part by the recovering housing market.

Positive economic and housing news lifted fixed mortgage rates to their highest level in months this week. According to Freddie Mac's Primary Mortgage Market Survey, the average interest rate for a 30-year fixed-rate mortgage (FRM) was 3.42 (0.7 point) for the week ending January 24, up from 3.38 percent last week. The last time the average 30-year reading was this high was September 29 of last year, Freddie Mac said. Frank Nothaft, VP and chief economist for Freddie Mac, said the rise in fixed rates is unlikely to deter the housing recovery.