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Frank Nothaft

Ten-Year Treasury Note Drives Mortgage Rates Back Up

Home for Sale/Credit: Comstock

Freddie Mac has announced the results of its latest Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates following an uptick, as the 30-year fixed-rate mortgage (FRM) averaged 4.33 percent with an average 0.6 point for the week ending April 24, 2014. This was up from last week when it averaged 4.27 percent. A year ago at this time, the 30-year FRM averaged 3.40 percent. Also this week, the 15-year FRM veraged 3.39 percent with an average 0.6 point, up from last week when it averaged 3.33 percent.Click to continue

Freddie Mac: Nationwide Housing Recovery Crawls Along

Home Mortgage/Credit: Photodisc

Freddie Mac has released its Multi-Indicator Market Index (MiMi) for February showing the U.S. housing market overall recovering at a slightly slower pace from the previous month. However, more than half of all states, as well as more than half of the top 50 metro areas, continue to show an improving trend. Eleven states and the District of Columbia, and four metro areas, are in their stable range of housing activity, unchanged from last month. One year ago, seven states and the District of Columbia, and zero metro areas, were in their stable range.Click to continue

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

Home_Atop_Cash_04_17_14

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

Fixed-Rate Mortgages Drop to 4.34 Percent

House Keys Pic

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

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

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

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

Rise in Unemployment Drives Up Mortgage Rates to 4.37 Percent

For Sale Sign/Credit: Medioimages/Photodisc

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates edging up following a week with little new economic and housing news, as the 30-year fixed-rate mortgage (FRM) averaged 4.37 percent with an average 0.6 point for the week ending March 13, 2014, up from last week when it averaged 4.28 percent. A year ago at this time, the 30-year FRM averaged 3.63 percent. Also this week, the 15-year FRM averaged 3.38 percent with an average 0.6 point, up from last week when it averaged 3.32 percent.Click to continue

Weak Economic News Drops Fixed-Rates to 4.28 Percent

For Sale/Credit: Stockbyte

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving down following weaker than expected economic and housing news, as the 30-year fixed-rate mortgage (FRM) averaged 4.28 percent with an average 0.7 point for the week ending March 6, 2014, down from last week when it averaged 4.37 percent. A year ago at this time, the 30-year FRM averaged 3.52 percent.Click to continue