Tag Archives: Mortgage Interest Rates

Interest rates on conventional purchase-money mortgages decreased three basis points from 4.02 percent in July to 3.99 percent in August for loans closed at the end of August, according to a index from the Federal Housing Finance Agency.

In the midst of last week’s mixed job’s report and the upcoming Federal Open Market Committee meeting next week, mortgage rates remained largely unchanged for the week ending September 10, 2015.

​Interest rates on conventional purchase-money mortgages decreased from March to April, according to several Federal Housing and Finance Agency (FHFA) indices of new mortgage contracts. The FHFA conducted a Monthly Interest Rate Survey (MIRS) to find interest rate data, which provides monthly information on interest rates, loan terms, and house prices by property type, loan type, and by lender type, as well as information on 15-year and​​​ 30-year fixed-rate loans.

Federal Reserve Chair Janet Yellen confirmed in speech held today at the Providence Chamber of Commerce in Providence, Rhode Island, that interest rates will likely increase later this year due to the gradual improvement in the economy.

Mortgage interest rates nationwide experienced declines from October to November, according to an index released by the Federal Housing Finance Agency (FHFA). The average interest rate for all mortgage loans in the U.S. was 4.01 percent in November, a decline of 10 basis points from 4.11 percent in October; for conventional, 30-year fixed-rate mortgages of $417,000 or less, the average interest rate of 4.24 percent for November represented a decline of eight basis points from 4.32 in October.