Skip to main content

Mortgage Rates Stay Steady

Phil Hall
Nov 02, 2017
Fears of mortgage rates rising too quickly might have been premature, as the latest Freddie Mac data points to a rate drop

Average mortgage rates held steady after last week's big jump, according to new data from Freddie Mac.
The 30-year fixed-rate mortgage (FRM) averaged 3.94 percent for the week ending Nov. 2, unchanged from last week. The 15-year FRM this week averaged 3.27 percent, up from last week when it averaged 3.25 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.23 percent this week, up from last week when it averaged 3.21 percent.
Sean Becketti, Chief Economist, Freddie Mac, commented, “The markets' reaction to the upcoming announcement of the next Fed chair may impact the movement of rates in next week's survey.”
And speaking of the Fed, the central bank’s Federal Open Market Committee (FOMC) announced yesterday that it would not be raising rates at this time. While acknowledging that “hurricane-related disruptions and rebuilding will continue to affect economic activity, employment, and inflation in the near term … past experience suggests that the storms are unlikely to materially alter the course of the national economy over the medium term.” The Fed’s policy makers added that the “stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to two percent inflation.”
Average mortgage rates held steady after last week's big jump, according to new data from Freddie Mac

Nov 02, 2017
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
Interfirst Mortgage Launches ONE, Backed By Non-Owner Occupied Properties

ONE is a unique product built on a single interest rate with no adjustments and qualifies off the cash flow of the rental property.

Industry News
Jul 16, 2021
Global Digital Lending Market Projected To Reach $27B By 2028

The Global Digital Lending Platform Market was valued at $7.14 billion in 2020 and is projected to reach $27.07 billion by 2028.

Analysis and Data
Jul 14, 2021
FOMC Discusses Raising Interest Rates

Inflationary pressures have finally forced the Federal Open Market Committee (FOMC) to discuss raising interest rates and tapering its bond-buying program.

Analysis and Data
Jul 14, 2021
Fathom Holdings Inc. Creates New Hispanic Division

Fathom Holdings Inc., a technology-driven real estate platform, announced the creation of their Hispanic Division to more adequately serve this fast-growing demographic. 

Industry News
Jul 07, 2021