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adjustable-rate mortgage (ARM)

Mortgage Rates Continue Downward Trend, Hit 4.27 Percent for the Week

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates easing further for the second consecutive week helping to increase homebuyer affordability at the onset of the spring home buying season. For the week ending April 17, the 30-year fixed-rate mortgage (FRM) averaged 4.27 percent with an average 0.7 point, down from last week when it averaged 4.34 percent. A year ago at this time, the 30-year FRM averaged 3.41 percent.Click to continue

Mortgage Apps Climb 4.3 Percent Week-Over-Week

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Mortgage applications increased 4.3 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 11, 2014. The Market Composite Index, a measure of mortgage loan application volume, increased 4.3 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index increased five percent compared with the previous week. The Refinance Index increased seven percent from the previous week.Click to continue

Fixed-Rate Mortgages Drop to 4.34 Percent

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving down slightly with the 30-year fixed-rate mortgage (FRM) averaging 4.34 percent with an average 0.7 point for the week ending April 10, 2014, down from last week when it averaged 4.41 percent. A year ago at this time, the 30-year FRM averaged 3.43 percent.Click to continue

Mortgage Apps Dip 1.6 Percent Week-Over-Week

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Mortgage applications decreased 1.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending April 4, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.6 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased one percent compared with the previous week. The Refinance Index decreased five percent from the previous week and is at its lowest level since the end of 2013.Click to continue

Fixed-Rate Mortgages Drop for the Second Consecutive Week

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The 30-year fixed-rate mortgage (FRM) on the Zillow Mortgage Marketplace is currently at 4.20 percent, down five basis points from this time last week. The 30-year FRM peaked on Wednesday at 4.28 percent before falling to 4.20 percent over the weekend.Click to continue

Fixed-Rate Mortgages Remain Virtually Unchanged Amid Light Economic Reports

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing the average fixed-rate mortgage (FRM) virtually unchanged from last week, as the 30-year FRM averaged 4.41 percent with an average 0.7 point for the week ending April 3, 2014, up from last week when it averaged 4.40 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.Click to continue

Purchase Apps Dip 1.2 Percent Week-Over-Week

House Keys/Credit: Digital Vision

Mortgage applications decreased 1.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 28, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 1.2 percent on a seasonally adjusted basis from one week earlier. On an unadjusted basis, the Index decreased one percent compared with the previous week. The Refinance Index decreased three percent from the previous week. The seasonally adjusted Purchase Index increased one percent from one week earlier.Click to continue

Fixed Mortgage Rates Down to 4.25 Percent on Zillow Marketplace

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The 30-year fixed mortgage rate on the Zillow Mortgage Marketplace is currently 4.25 percent, down two basis points from this time last week. The 30-year fixed mortgage rate peaked on Wednesday at 4.29 percent before falling to 4.20 percent, where rates hovered for the remainder of the week.Click to continue

Yellen's Comments Scare Mortgage Rates Up to 4.40 Percent

Rates Climb

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates up a bit from last week, as the 30-year fixed-rate mortgage (FRM) averaged 4.40 percent with an average 0.6 point for the week ending March 27, 2014, up from last week when it averaged 4.32 percent. A year ago at this time, the 30-year FRM averaged 3.57 percent. Also this week, the 15-year FRM averaged 3.42 percent with an average 0.6 point, up from last week when it averaged 3.32 percent.Click to continue

Mortgage Apps Dip 3.5 Percent Over Last Week

Home for Sale/Credit: Comstock

Mortgage applications decreased 3.5 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending March 21, 2014. This week's results are compared to a revised level from last week. The seasonally adjusted market index, initially reported as a decline of 1.2 percent, was revised to an increase of 0.2 percent.Click to continue