Skip to main content

Mortgage Rates Up Slightly

Jan 31, 2019
Freddie Mac reported slight upward motion in the Primary Mortgage Market Survey (PMMS) covering the week ending Jan. 31

Freddie Mac reported slight upward motion in the Primary Mortgage Market Survey (PMMS) covering the week ending Jan. 31.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.46 percent, up from last week when it averaged 4.45 percent. The 15-year FRM this week averaged 3.89 percent, up from last week when it averaged 3.88 percent. And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.96 percent, up from last week when it averaged 3.90 percent.
 
“Purchase applications were down this week after soaring early in the year,” said Sam Khater, Freddie Mac’s Chief Economist. “However, softening house price appreciation along with increasing inventory of homes on the market–and historically low mortgage rates–should give a boost to the spring homebuying season.”
Freddie Mac reported slight upward motion in the Primary Mortgage Market Survey (PMMS) covering the week ending Jan. 31

 
About the author
Published
Jan 31, 2019
Comings And Goings At AmeriHome

Chief Operating Officer John Hedlund announced his retirement on Thursday in a LinkedIn post.

Mar 22, 2024
Rocket's Tim Birkmeier To Retire

Birkmeier is bidding farewell after a 28-year career at Rocket Companies.

Mar 21, 2024
How NAR’s Settlement Impacts Homebuying

While the settlement's silver lining is that homes are expected to become more affordable, many uncertainties loom over the housing market.

Mar 19, 2024
NAR Reaches $418 Million Settlement

The association agreed to give home sellers the option of compensating agents.

Mar 15, 2024
U.S. Non-Bank Mortgage Lenders Surge Amid Industry Consolidation, Fitch Ratings Reports

As smaller players exit the market, scaled originators like UWM and PennyMac Financial dominate, but challenges persist with low origination volume and pressured margins amidst rising interest rates.

Mar 14, 2024
Guild Mortgage Reports Net Loss In 2023 Amid Acquisition Spree

San Diego-based lender reports net loss for 2023 despite aggressive growth strategy.

Mar 13, 2024