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Frank Nothaft

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

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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

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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

Fixed-Rates Remain Low, Tick Upward to 4.33 Percent

Home Block Wood/Credit: Phil Ashley

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates up slightly for the second week in a row, as the 30-year fixed-rate mortgage (FRM) averaged 4.33 percent with an average 0.7 point for the week ending Feb. 20, 2014, up from last week when it averaged 4.28 percent. A year ago at this time, the 30-year FRM averaged 3.56 percent.Click to continue

Rates Change Little Weekly, Rise Slightly to 4.28 Percent

Home for Sale/Credit: Comstock

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing averaged fixed mortgage rates largely unchanged following a week of light economic reports with the 30-year fixed-rate mortgage (FRM) averaged 4.28 percent with an average 0.7 point for the week ending Feb. 13, 2014, up from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.53 percent.Click to continue