Tag Archives: Primary Mortgage Market Survey (PMMS)

As rates continue to drop, many homeowners are finding themselves unable to take advantage in the purchase market as low inventory continues to outpace demand.

A modest push in sales was overshadowed by a market that remains tight on inventory.

Savings will be passed on to consumers, as lenders will no longer be required to pay the GSEs a fee when they deliver refinanced mortgages.

Rates drop even further below 3%, as more are taking advantage of both purchase and refi opportunities with rates in continued record-low territories.

While the struggle between tight inventory and high demand continues, are record high sticker prices forcing prospective borrowers out of the market in droves?

For the first time in 10 weeks, mortgage rates have risen above the 3% mark, with forecasters projecting a gradual rise in rates to close out 2021.

Freddie Mac has found that rates are on the slide for the second consecutive week, dipping further below the 3% mark.

With the U.S. economy on the rise, mortgage rates slipped further below the 3% mark, but high prices and short supply continue to force down application volume.

Rates climbed slightly this week, but remain in refi-friendly territory as the struggle between low supply and high demand continues in the housing market nationwide.

Freddie Mac reports mortgage rates dipping again below the 3% mark, as the trend of inconsistency continues to rock the housing market.