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The Housing Mortgage Rates Could Rise To 5% Depending On These Factors

In the past quarter, we have seen mortgage rates hit their highest at 4.5% last week. As the rates have calmed a bit going into this week, it begs the question: could we see 5% mortgage rates in the near future, possible as soon as this year. In order for the rates to continue to rise, there are a number of factors that we can look into for signals.

Mortgage Rates Up on Mixed Economic and Housing Data

(Marketwired - Apr 30, 2015) - Freddie Mac (OTCQB: FMCC) today released the results of itsPrimary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates slightly higher amid mixed housing and economic reports.

Mortgage rates inching down closer to historic lows

Spring home buyers in the market have more to look forward to this home buying season as fixed-rate mortgage rates were pushed down further in the week ended April 23, according to the latest mortgage report by Freddie Mac. Lower mortgage rates could mean reduced borrowing costs and increased housing affordability, which could result in more buyers coming into the market this season and throughout 2015.

Economy Poised for a Stronger Second Half of 2013

WASHINGTON, DC - July 22, 2013 - (RealEstateRama) -- The ongoing housing recovery coupled with improvement in both consumer confidence and the labor market are expected to boost economic growth in the second half of the year, according to Fannie Mae’s (FNMA/OTC) Economic & Strategic Research Group. The latest jobs report showed steady year-to-date job creation and measures of consumer confidence are at or near recovery highs. Furthermore, despite a sharp increase in mortgage rates during the past two months, home sales have held up and home prices have continued to post gains, helping to keep the economy on a positive—albeit modest—growth path in 2013.

Mortgage Rates Break Holding Pattern, Move Lower

MCLEAN, VA - February 28, 2013 - (RealEstateRama) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower after being largely unchanged over the past month, while continuing to help drive the housing recovery leading up to the spring home buying season.

Mortgage Rates Trending Higher

MCLEAN, VA - January 31, 2013 - (RealEstateRama) -- Freddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates continuing to trend higher amid a growing economy led in part by the recovering housing market. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13th of last year. The all-time record low for the 30-year fixed was set the week of November 21, 2012, when it averaged 3.31 percent.

Mortgage Rates Post Largest One Week Increase in 10 Months

NEW YORK, NY - January 31, 2013 - (RealEstateRama) -- Fixed mortgage rates recorded the biggest one week increase since last March, with the benchmark 30-year fixed mortgage rate rising to 3.77 percent this week, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.29 discount and origination points.

Fixed Mortgage Rates Move Higher

MCLEAN, VA - January 24, 2013 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing fixed mortgage rates moving higher from the previous week. The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012. Regardless, fixed-mortgage rates still remain highly affordable near their all-time record lows, and should continue to aid in the ongoing housing recovery.

Mortgage Rates Mostly Flat

MCLEAN, VA - January 17, 2012 - (RealEstateRama) -- Freddie Mac (OTCBB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing mortgage rates largely unchanged from the previous week helping to keep homebuyer affordability high, refinancing strong and should continue to aid the ongoing housing recovery.

Record Low Mortgage Rates Contribute to Strong HARP Volume Report Includes State-Level HARP Data

Washington, D.C. - December 20, 2012 - (RealEstateRama) -- The Federal Housing Finance Agency (FHFA) today released its October Refinance Report, which shows that Fannie Mae and Freddie Mac have refinanced more than 1.8 million loans through the Home Affordable Refinance Program (HARP) since the program began in 2009. In October, more than 81,000 homeowners refinanced their mortgage through HARP and 790,619 loans have been refinanced through HARP between January and October. The continued high volume of HARP refinances is attributed to record-low mortgage rates and program enhancements announced last year.

Mortgage Rates Drop to New Survey Lows

WASHINGTON, D.C. - September 19, 2012 - (RealEstateRama) -- Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending September 14, 2012

Mortgage Rates Drop to New Survey Lows

WASHINGTON, D.C. - May 30, 2012 - (RealEstateRama) -- Mortgage applications decreased 1.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 25, 2012. This week’s results do not include an adjustment for early closings on Friday before the Memorial Day holiday.

Record Low Mortgage Rates Fuel Third Consecutive Increase In Refinance Applications In Latest MBA...

WASHINGTON, D.C. - May 23, 2012 - (RealEstateRama) -- Mortgage applications increased 3.8 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 18, 2012.

Best Real Estate Market Forecasts Released

Destin, FL - December 20, 2011 - (RealEstateRama) -- The best real estate markets for 2012 have been released by Housing Predictor, which forecasts the 25 best and 25 worst housing markets annually. The cities selected have the highest probability of reaching their forecasts.

Federal Housing Finance Agency Reports Mortgage Interest Rates

Washington, DC - November 22, 2011 - (RealEstateRama) -- The Federal Housing Finance Agency today reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some ARM contracts, was 4.19 percent based on loans closed in October. This is a decrease of 0.19 percent from the previous month.

LendingTree Weekly Mortgage Rate Pulse Reports Mortgage Rates Continue to Fall

CHARLOTTE, NC - November 9, 2011 - (RealEstateRama) -- Average mortgage rates continued to fall according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

LendingTree Weekly Mortgage Rate Pulse Reports that Fed Holding Rate Near Zero and Global...

CHARLOTTE, NC - November 2, 2011 - (RealEstateRama) -- Average mortgage rates decreased across the board week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

LendingTree Applauds Program Changes for HARP 2.0

CHARLOTTE, NC - October 26, 2011 - (RealEstateRama) -- Average mortgage rates have dipped slightly week-over-week according to the LendingTree Weekly Mortgage Rate Pulse, which tracks the lowest and average mortgage rates offered by lenders on the LendingTree network.

Best Housing Markets Change

Destin, FL - August 1, 2011 - (RealEstateRama) -- A shake up has developed in the best real estate markets forecast for the year by Housing Predictor as cities that appeared to be developing stronger markets decline, and others move into full-fledged housing recoveries. Many cities in the U.S. are sustaining the blow of a generation in terms of home prices, but there are markets that are strengthening.

Bankrate: Mortgage Rates Reverse Course

NEW YORK, N.Y. - June 16, 2011 - (RealEstateRama) -- Mortgage rates increased this week, following a nine-week streak of declines. The benchmark conforming 30-year fixed mortgage rate is now 4.71 percent, according to Bankrate.com's weekly national survey. The average 30-year fixed mortgage has an average of 0.41 discount and origination points.

Business Real Estate Press Releases

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CBRE’s Philip D. Voorhees, Jimmy Slusher, Alex Kozakov, Patrick Wade and...

CBRE Vice Chairman Philip D. Voorhees announced today that the National Retail Partners-West (NRP-West), along with Alex Kozakov and Patrick Wade from CBRE Los Angeles