Long-Term Mortgage Rates Remain Stable and Low
February 4, 2010 Posted by Freddie Mac
McLean, VA - February 4, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®)in which the 30-year fixed-rate mortgage (FRM) averaged 5.01 percent with an average 0.7 point for the week ending February 4, 2010, up from last week when it averaged 4.98 percent. Last year at this time, the 30-year FRM averaged 5.25 percent
Mortgage Rates Flat This Week
January 28, 2010 Posted by Freddie Mac
McLean, VA - January 28, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.98 percent with an average 0.6 point for the week ending January 28, 2010, down slightly from last week when it averaged 4.99 percent. Last year at this time, the 30-year FRM averaged 5.10 percent.
Federal Housing Finance Agency Reports Mortgage Interest Rates
January 26, 2010 Posted by FHFA
Washington, DC - January 26, 2010 - (RealEstateRama) — The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 4 basis points to 5.05 percent in December. The average interest rate on 15- year, fixed-rate loans of $417,000 or less decreased 9 basis points to 4.54 percent in December. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchase-money mortgages. These results reflect loans closed during the December 24-31 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late- November.
Refinance Applications Increase as Mortgage Rates Fall in Latest MBA Weekly Survey
January 20, 2010 Posted by MBA
WASHINGTON, D.C. - January 20, 2010 - (RealEstateRama) — The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending January 15, 2010. The Market Composite Index, a measure of mortgage loan application volume, increased 9.1 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased 10.4 percent compared with the previous week and decreased 52.3 percent compared with the same week one year earlier.
Mortgage Rates Start the New Year Slightly Lower Than They Ended the Old Year
January 8, 2010 Posted by Freddie Mac
McLean, VA - January 8, 2010 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.09 percent with an average 0.7 point for the week ending January 7, 2010, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 5.01 percent
Most Mortgage Rates Follow Bond Yields Higher This Week
December 10, 2009 Posted by Freddie Mac
McLean, VA - December 10, 2009 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.81 percent with an average 0.7 point for the week ending December 10, 2009, up from last week when it averaged 4.71 percent. Last year at this time, the 30-year FRM averaged 5.47 percent
Federal Housing Finance Agency Reports Mortgage Interest Rates
November 24, 2009 Posted by FHFA
Washington, DC - November 24, 2009 - (RealEstateRama) — The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 13 basis points to 5.10 percent in October. The average interest rate on 15- year, fixed-rate loans of $417,000 or less decreased 15 basis points to 4.62 percent in October. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchase-money mortgages. These results reflect loans closed during the October 26-31 period. Typically, the interest rate is determined 30 to 45 days before the loan is closed. Thus, the reported rates depict market conditions prevailing in mid- to late-September.
Mortgage Rates Nearly Flat in Freddie Mac Weekly Survey
October 29, 2009 Posted by Freddie Mac
McLean, VA - October 29, 2009 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 5.03 percent with an average 0.7 point for the week ending October 29, 2009, up from last week when it averaged 5.00 percent. Last year at this time, the 30-year FRM averaged 6.46 percent.
Federal Housing Finance Agency Reports Mortgage Interest Rates
October 27, 2009 Posted by FHFA
Washington, DC - October 27, 2009 - (RealEstateRama) — The Federal Housing Finance Agency today reported that the average interest rate on conventional 30-year, fixed-rate, mortgage loans of $417,000 or less decreased 7 basis points to 5.23 percent in September. The average interest rate on 15- year, fixed-rate loans of $417,000 or less increased 15 basis points to 4.77 percent in September. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchase-money mortgages.
Long-Term Mortgage Rates Ease Further This Week
October 8, 2009 Posted by Freddie Mac
McLean, VA - October 8, 2009 - (RealEstateRama) — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey® (PMMS®) in which the 30-year fixed-rate mortgage (FRM) averaged 4.87 percent with an average 0.7 point for the week ending October 8, 2009, down from last week when it averaged 4.94 percent. Last year at this time, the 30-year FRM averaged 5.94 percent. The last time the 30-year FRM was lower was the week ending May 21, 2009, when it averaged 4.82 percent.