Tag Archives: Bankrate

Nearly three months after first settling into the 4.10 percent to 4.20 percent range, long-term fixed mortgage rates continue to show little movement. According to Freddie Mac's weekly Primary Mortgage Market Survey, the 30-year fixed mortgage rate this week came to an average 4.14 percent (0.7 point), up slightly from 4.12 percent in the last survey.

According to data from finance site Bankrate.com, closing costs in 2014 are up 6 percent over last year, rising to an average $2,539 on a $200,000 loan (assuming a 20 percent down payment). "New mortgage regulations are the biggest reasons why closing costs went up over the past year," said Holden Lewis, senior mortgage analyst for Bankrate. "The good news is that some lenders have not increased fees."

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.

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.

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.

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.

According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) was 4.20 percent (0.6 point) for the week ending June 12, an increase of 6 basis points from last week's report. Last year, the 30-year FRM hovered just below 4.0 percent. The increase followed last week's release of the May jobs report, which showed payrolls performing more or less as expected.

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).

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.

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.