Skip to main content

No Movement on Fixed Mortgage Rates

Phil Hall
Sep 28, 2017
Mortgage rates were mostly flat this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)

Mortgage rates were mostly flat this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS).
 
The 30-year fixed-rate mortgage (FRM) averaged 3.83 percent for the week ending Sept. 28, the same as last week. The 15-year FRM this week averaged 3.13 percent, also the same as last week. However, the five-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.20 percent, up from last week when it averaged 3.17 percent.
 
Separately, the Federal Housing Finance Agency (FHFA) reported that the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.05 percent for loans closed in late
 
August, up from 3.99 percent in July. The average interest rate on all mortgage loans was 4.04 percent, up from 3.98 percent, in July, while the average interest rate on conventional, 30-year, fixed-rate mortgages of $424,100 or less was 4.19 percent, up from 4.14 percent in July. 
 
The FHFA also reported that the effective interest rate on all mortgage loans was 4.14 percent in August, up from 4.08 percent in July, and the average loan amount for all loans was $309,600 in August, down $7,400 from $317,000 in July. 
Mortgage rates were mostly flat this week, according to the latest Freddie Mac Primary Mortgage Market Survey (PMMS)

 
Published
Sep 28, 2017
loanDepot And mellohome Introduce Home Services Bundle

loanDepot, Inc. and its sister company mellohome are launching a proprietary bundle of home buying and selling services.

Industry News
Jul 30, 2021
Gateway Mortgage Surpasses 165 Mortgage Centers With 10 New Additions

Gateway Mortgage reported significant growth in the company, prompting it to open 10 new locations across Colorado, Idaho, Oklahoma, Texas, Oregon, and Wyoming.

Industry News
Jul 30, 2021
FHFA Requires 30-Day Notice Prior To Eviction

Wednesday, the Federal Housing Finance Agency (FHFA) announced that tenants of multi-family properties must be given 30 days notice to vacate before the tenant is required to leave the premise.

Industry News
Jul 29, 2021
Houston-Based Stewart Acquires Title First Agency

Ohio-Based Agency Has 20 Offices And Operates in 32 States

Industry News
Jul 28, 2021
Planet Home Lending Reports Total Origination Volume Of $6.8B In Q2 2021

Planet Home Lending's total origination volume reached $6.8 billion in Q2 2021, up 77% from $3.9 billion in Q2 2020.

Industry News
Jul 22, 2021
FHFA Ends Controversial Refinance Fee

The FHFA announced that Fannie Mae and Freddie Mac will eliminate the Adverse Market Refinance Fee for loan deliveries, starting August 1, 2021.

Analysis and Data
Jul 19, 2021