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adjustable-rate mortgage (ARM)

Mortgage Rates Rebound, Remain Below the Four Percent Mark

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moved higher across the board this week, rebounding from the lowest rates of the year of 3.92 percent.Click to continue

Mortgage Apps Decline 6.6 Percent Week Over Week

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Mortgage applications decreased 6.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 24, 2014. The Market Composite Index, a measure of mortgage loan application volume, decreased 6.6 percent on a seasonally adjusted basis from one week earlier.Click to continue

Zillow: Mortgage Rates Rise Slightly, But Remain Below Four Percent Mark

For Sale/Credit: Stockbyte

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.85 percent, up four basis points from this time last week. The 30-year fixed mortgage rate hovered around 3.90 percent for most of the week, dropping to 3.77 percent Wednesday before rising to the current rate.Click to continue

Fixed-Rates Drop to 18-Month Low

Home Sale/Copyright: 2008 Getty Images/Credit: David Sacks

Freddie Mac has released the results of its weekly Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting fresh lows for the year for the second consecutive week amid declining bond yields. The 30-year fixed-rate mortgage (FRM) averaged 3.92 percent with an average 0.5 point for the week ending Oct. 23, 2014, down from last week when it averaged 3.97 percent. A year ago at this time, the 30-year FRM averaged 4.13 percent.Click to continue

Refi Apps Begin to Gain Steam

House Atop Money/Credit: Creatas

Mortgage applications increased 11.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 17, 2014. This week’s results did not include an adjustment for the Columbus Day holiday.Click to continue

Fixed-Rates Hit Lowest Mark Since June 2013

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates hitting new lows for the year as 10-year bond yields briefly dipped below two percent. At 3.97 percent the average 30-year fixed rate is at its lowest level since the week of June 20, 2013 when it averaged 3.93 percent. This was also the last time the 30-year fixed averaged below four percent in the PMMS until this week.Click to continue

U.S. Mortgage Apps Rise Nearly Six Percent

Mortgage Applications

On the heels of news that mortgage rates are hitting, in some cases, 16-month lows, mortgage applications increased 5.6 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Oct. 10, 2014.Click to continue

Zillow: Mortgage Rates Plummet to 16-Month Low

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The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently at 3.81 percent, down 15 basis points from this time last week. The 30-year FRM dropped Wednesday, then hovered around 3.88 percent for most of the week before falling to its current rate.Click to continue

Fixed-Rate Mortgages Dip Back Down to 2014 Lows

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates falling back near their lows for 2014, as the 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending Oct. 9, 2014, down from last week when it averaged 4.19 percent. A year ago at this time, the 30-year FRM averaged 4.23 percent.Click to continue