Subscribe to the print edition of National Mortgage Professional MagazineSubscribe to our RSS feedFollow us on TwitterGet daily updates via emailJoin us on Facebook

fixed-rate mortgages (FRMs)

Fixed-Rates Drop Slightly to 4.32 Percent

Home Equity/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) moving down slightly after last week's uptick, and remaining within range of average fixed rates for the first quarter of 2014. The 30-year FRM averaged 4.32 percent with an average 0.6 point for the week ending March 20, 2014, down from last week when it averaged 4.37 percent. A year ago at this time, the 30-year FRM averaged 3.54 percent.Click to continue

The Increasing Importance of Scale in the Home Mortgage Space

Homes For Sale

Since the early 1980s, interest rates on 15-year and 30-year fixed-rate mortgages (FRMs) have trended downward, eventually reaching lows under 3.5 percent in early 2013. This trend generated multiple periods of high refinancing volume, accelerated a historic increase in securitization, and created mega-banks such as Wells Fargo, JP Morgan Chase and Bank of America, which grew to dominate the mortgage securities industry.Click to continue

Mortgage Rates Dip for the Second Consecutive Week to Start 2014

House Keys/Credit: Digital Vision

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) drifting slightly lower for the second consecutive week amid recent reports that inflation remains subdued. The 30-year FRM averaged 4.39 percent with an average 0.7 point for the week ending Jan. 23, 2014, down from last week when it averaged 4.41 percent. A year ago at this time, the 30-year FRM averaged 3.42 percent.Click to continue

Rates Edge Higher as New Year Begins

House_Snow_Pic

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) continuing to edge higher as 2014 begins, with the 30-year FRM averaging 4.53 percent with an average 0.8 point for the week ending Jan. 2, 2014, up from last week when it averaged 4.48 percent. A year ago at this time, the 30-year FRM averaged 3.34 percent.  The 15-year FRM this week averaged 3.55 percent with an average 0.7 point, up from last week when it averaged 3.52 percent.Click to continue

HSH.com: Fixed-Rates Rise to 4.56 Percent as Fed Tapering Begins

Home for Sale Credit: Jupiterimages

Rates on the most popular types of mortgages increased slightly, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by five basis points (0.05 percent) to 4.56 percent. Conforming 5/1 Hybrid ARM rates also increased by five basis points, closing theWednesday-to-Tuesday wraparound weekly survey at an average 3.24 percent.Click to continue

Refi Volume Drops to Lowest Level in Two Years

House Atop Money/Credit: Creatas

Mortgage applications decreased three percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending June 21, 2013. The Market Composite Index, a measure of mortgage loan application volume, decreased three percent on a seasonally adjusted basis from one week earlier to the lowest level since November 2011. On an unadjusted basis, the Index decreased three percent compared with the previous week.Click to continue

Rates Break 3.90 Percent Mark and Rise for Fifth Consecutive Week

For Sale Sign/Copyright: Getty Images/Credit: Hemera Technologies

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing fixed mortgage rates climbing higher for the fifth consecutive week on concerns the Federal Reserve may slow its bond purchases amid a strengthening economy. This week, the 30-year fixed-rate mortgage (FRM) averaged 3.91 percent with an average 0.7 point for the week ending June 6, 2013, up from last week when it averaged 3.81 percent. Last year at this time, the 30-year FRM averaged 3.67 percent.Click to continue

Fixed Rates Hold Steady at 3.5 Percent Range for Second Consecutive Week

Home Block Wood/Credit: Phil Ashley

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing fixed-rate mortgages (FRMs) largely holding steady from the previous week, remaining near their 65-year record lows, as the 30-year FRM averaged 3.52 percent with an average 0.7 point for the week ending March 7, 2013, up from last week when it averaged 3.51 percent. Last year at this time, the 30-year FRM averaged 3.88 percent. The 15-year FRM averaged 2.76 percent with an average 0.7 point, the same as last week. A year ago at this time, the 15-year FRM averaged 3.13 percent.Click to continue

HSH.com: Mortgages Rates Fall to 3.64 Percent for the Week

Mortgage Rates/Credit: Comstock Images

Rates on the most popular types of mortgages stepped backward this week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages fell by seven basis points (0.07 percent) to 3.64 percent. Conforming 5/1 Hybrid ARM rates decreased by five basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at average of 2.62 percent. Thirty-year fixed mortgage rates have retreated to late January, 2013, levels.Click to continue

Mortgage Rates Rise for First Time in Two Months

House and Money Scale

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing fixed mortgage rates moving higher following December's employment report as the 30-year fixed-rate mortgage (FRM) averaging 3.40 percent, its highest reading in eight weeks. The FRM was up from last week when it averaged 3.34 percent. The all-time record low for the average 30-year fixed was 3.31 percent set Nov.Click to continue