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adjustable-rate mortgage (ARM)

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

Zillow: Fixed-Rate Mortgages Fall to 11-Week Low

House Keys/Credit: Digital Vision

The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 3.96 percent, down 12 basis points from this time last week. The 30-year FRM spiked to 4.30 percent on Wednesday, then hovered around 4.06 percent for most of the week before falling to the current rate.Click to continue

Nationwide Fixed-Rates Drop Slightly to 4.19 Percent

Home Money/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) flat to slightly down amid positive data on GDP, but mixed housing reports. The 30-year FRM averaged 4.19 percent, with an average 0.4 point for the week ending Oct. 2, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

Mortgage Apps Dip Slightly as Refis Level Off

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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 Sept. 26, 2014.Click to continue