Tag Archives: Bankrate

Freddie Mac's Primary Mortgage Market Survey registered little motion among rates for the week ending January 17. The average 30-year fixed rate slipped to 3.38 percent (0.7 point), down from 3.40 percent last week. The 15-year fixed rate averaged 2.66 percent (0.7 point), the same as in the previous week's survey. Bankrate.com, on the other hand, reported more extreme shifts as markets grow increasingly nervous about the country's continued financial uncertainties.

Mortgage rates took a jump this week as markets await the fiscal drama to unfold in the next few months. According to Freddie Mac's Primary Mortgage Market Survey, the average rate on a 30-year fixed-rate mortgage (FRM) was 3.40 (0.7 point) percent for the week ending January 10, up somewhat significantly from 3.34 percent in 2013's first survey. Bankrate reported similar results in its weekly survey, with the 30-year fixed average soaring to 3.67 percent--its highest level since September.

After going into free-fall for much of 2012, fixed mortgage rates started off 2013 with very slight declines.

According to Freddie Mac's Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) interest rate averaged 3.32 percent (0.7 point) for the week ending December 13, down slightly from 3.34 percent the previous week. The 15-year FRM this week averaged 2.66 percent (0.6 point), down week-to-week from 2.67 percent. Rates measured by Bankrate's weekly survey were even more sluggish. The 30-year fixed averaged 3.52 percent, a slight increase from last week's low of 3.50 percent.

Fixed mortgage rates stayed relatively calm this week as economic indicators showed improved strength.

Fixed mortgage rates showed little signs of life in the last full week of November, hovering near record lows as markets show increased worry about the fiscal cliff.

Consumer sentiment regarding personal finances was down in November, indicating Americans foster a more negative perception about their own finances than they did last year, according to Bankrate's Financial Security Index. Bankrate measures financial security in five categories: debt, net worth, savings, job security, and overall financial situation. Net worth was the one category in which Americans seem to feel somewhat better than they did last year.

Amid increases in new construction, homebuilder confidence, and existing home sales, Freddie Mac reported fixed mortgage rates reaching new record lows for the second week in a row. The average 30-year fixed-rate mortgage rate fell to 3.31 percent (0.7 point) over the week ending November 21. The 15-year fixed-rate mortgage also experienced a decline this week, falling from 2.65 percent to 2.63 percent (0.7 point), according to Freddie Mac's data.

It's been a tumultuous couple of weeks for Americans, but mortgage rates have been rock-steady.

Fixed mortgage rates fell back slightly to start November as investors anxiously wait for signs of which direction the economy is headed.