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)

Mortgage Rates Decline and Head Below the Four Percent Mark

Rates Dip Pic

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) slightly down from the previous week with the 30-year FRM dipping just below four percent to 3.99 percent, with an average 0.5 point for the week ending Nov. 20, 2014. This total was down from last week when it averaged 4.01 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.Click to continue

HSH.com: Mortgage Rates Edge Slightly Higher

Houses_Red_Yellow_11_27_13/Copyright: kavring

Rates on the most popular types of mortgages edged up a bit this week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by just one basis point (0.01 percent) to 4.10 percent. Conforming 5/1 Hybrid ARM rates increased by three basis points, closing the Wednesday-to-Tuesday wrap-around weekly survey at an average of 3.13 percent.Click to continue

Fixed-Rate Mortgages Rise Over the Four Percent Mark

459934221.jpg

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that average fixed-rate mortgages (FRMs) moving higher for the second consecutive week amid better than expected economic data. The 30-year FRM averaged 4.02 percent with an average 0.5 point for the week ending Nov. 6, 2014, up from last week when it averaged 3.98 percent. A year ago at this time, the 30-year FRM averaged 4.16 percent.Click to continue

HSH.com: Fixed-Rates Again Eclipse the Four Percent Mark

House and Money Scale

Rates on the most popular types of mortgages firmed up for the first time since mid-September, according to HSH.com's Weekly Mortgage Rates Radar. In the last week, the average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.04 percent. Conforming 5/1 Hybrid ARM rates also increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.05 percent.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

Low and Stable Mortgage Rates Remain as QE Begins Wind Down

Mortgage Rates/Credit: Comstock Images

Rates on the most popular types of mortgages declined for a second consecutive week according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) fell by five basis points (0.05 percent) to 4.19 percent. Conforming 5/1 Hybrid ARM rates decreased by one basis point, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.22 percent.Click to continue

FHFA: Rates Plateau in August

Rates Flatline Pic

Nationally, interest rates on conventional purchase-money mortgages decreased slightly from July to August, according to several indices of new mortgage contracts, according to the Federal Housing Finance Agency (FHFA). The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders index was 4.08 percent for loans closed in late August, down one basis point from 4.09 percent in July. Click to continue

HSH.com: Rates See Week of Mixed Results

House For Sale/Credit: Jupiterimages

Rates on the most popular types of mortgages were mixed this week, according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by three basis points (0.03 percent) to 4.28 percent. Conforming 5/1 Hybrid ARM rates decreased by two basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.22 percent.Click to continue

Which Way is Housing Really Moving?

466614457.jpg

The progress of the housing market appeared to continue on a two-steps-forward/one-step-back trajectory, with forward-looking news of the Federal Reserve’s decision to finally move away from tapering and a rise in average fixed mortgage rates coupled with a housing starts data that saw a double-digit percentage drop.Click to continue

Rates Hold Steady, Remain Near Four Percent Mark

House Keys/Credit: Digital Vision

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) holding largely steady for the third straight week amid light economic reports. This week, the 30-year fixed-rate mortgage (FRM) averaged 4.10 percent with an average 0.5 point for the week ending Sept. 4, unchanged from last week. A year ago at this time, the 30-year FRM averaged 4.57 percent. Also this week, the 15-year FRM averaged 3.24 percent with an average 0.5 point, down from last week when it averaged 3.25 percent.Click to continue