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.
Mortgage Rates Remain Low, Increasing Affordability
September 24, 2009 Posted by Freddie Mac
McLean, VA - September 24, 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 5.04 percent with an average 0.6 point for the week ending September 24, 2009, unchanged from last week when it averaged 5.04 percent. Last year at this time, the 30-year FRM averaged 6.09 percent.
New First American CoreLogic Study Quantifies Consumer Benefit of Economic Stimulus Tied to Mortgage Rates
September 15, 2009 Posted by RealEstateRama
September 15, 2009 - (RealEstateRama) — First American CoreLogic, a member of The First American Corporation (NYSE: FAF) family of companies and America’s largest provider of advanced property and ownership information, analytics and services, today released a new study that measures the consumer impact of recent government actions to reduce mortgage rates.
Mortgage Rates Down Slightly This Week
September 10, 2009 Posted by Freddie Mac
McLean, VA - September 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 5.07 percent with an average 0.7 point for the week ending September 10, 2009, down from last week when it averaged 5.08 percent. Last year at this time, the 30-year FRM averaged 5.93 percent
Bond Yields Push Mortgage Rates Down Slightly This Week
September 3, 2009 Posted by Freddie Mac
McLean, VA - September 3, 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 5.08 percent with an average 0.7 point for the week ending September 3, 2009, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 6.35 percent.
Low Mortgage Rates Helping to Stabilize Housing Market
August 27, 2009 Posted by Freddie Mac
McLean, VA - August 27, 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 5.14 percent with an average 0.7 point for the week ending August 27, 2009, up from last week when it averaged 5.12 percent. Last year at this time, the 30-year FRM averaged 6.40 percent.
Federal Housing Finance Agency Reports Mortgage Interest Rates
August 27, 2009 Posted by FHFA
Washington, DC - August 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 increased 19 basis points to 5.31 percent in July. The average interest rate on 15-year, fixed-rate loans of $417,000 or less increased 9 basis points to 4.89 percent in July. These rates are calculated from the FHFA’s Monthly Interest Rate Survey (MIRS) of purchasemoney mortgages. These results reflect loans closed during the July 27-31 period.
Mortgage Rates Down to Lowest Level in Three Months
August 20, 2009 Posted by Freddie Mac
McLean, VA - August 20, 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 5.12 percent with an average 0.7 point for the week ending August 20, 2009, down from last week when it averaged 5.29 percent. Last year at this time, the 30-year FRM averaged 6.47 percent.
Improvement in Labor Market Encouraged Mortgage Rates to Inch Up
August 13, 2009 Posted by Freddie Mac
McLean, VA - August 13, 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 5.29 percent with an average 0.7 point for the week ending August 13, 2009, up from last week when it averaged 5.22 percent. Last year at this time, the 30-year FRM averaged 6.52 percent
