Category Archives: Interest Rates

Mortgage Rates Plunge to Record Lows

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Recent Reports that economy is even weaker than expected sent rates plummeting.

Mortgages and Interest RatesFreddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending August 4, 2011, showing mortgage rates dropping sharply amid falling bond yields and signs of a weaker than expected economy. The 30-year fixed averaged 4.39 percent, its lowest level for 2011. The 15-year fixed and 5-year ARM set new historical record lows averaging 3.54 percent and 3.18 percent, respectively. Continue reading →

30-Year FRM Edges Higher

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30-Year Fixed-Rate Mortgage Follows Treasury Yields Higher; other rates remain the same or fall back slightly.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending July 28, 2011, which shows mortgage changing little for the week amid mixed macroeconomic data. The 30-year fixed averaged 4.55 percent, while the 15-year remained unchanged from its previous week average of 3.66 percent. Continue reading →

Mortgage Rates Virtually Unchanged This Week

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30-Year Fixed-Rate and 15-Year Fixed-Rate both up just 0.01 point for the week ending July 21, 2011.

Interest RatesFreddie Mac  released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending July 21, 2011, which shows mortgage rates changing little over the previous week following mixed economic and housing data. The 30-year fixed average 4.52 percent and the 15-year fixed averaged 3.66 percent.

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Mortgage Rates Down Across The Board

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Mortgage Rates Fall After Weak Jobs Report

Interest RatesFreddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending July 14, 2011, showing mortgage rates following long-term bond yields lower amid weaker than expected jobs gains and an increase in the unemployment rate.

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Interest Rates: Up and Up

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Both 30-year fixed-rate mortgage and 15-year FRM rise 0.7 points to  4.60 and 3.75 percent respectively.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending July 7, 2011. After changing little over the past month, both long- and short-term mortgage rates followed Treasury yields higher this week. The 30-year fixed averaged 4.60 percent, and the 15-year fixed averaged 3.75 percent.

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30-Yr Fixed Up Just a Tick

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Mortgage Rates were a bit mixed this week.

The 30-year fixed rate continues to hold rather steady, up just 0.01 point, and the 5-year ARM sets new low.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending June 30, 2011, which shows fixed mortgage rates holding steady amid mixed economic reports and some signs of improvement in the housing market. The 5-year adjustable-rate mortgage hit a new record low at 3.22 percent, dropping below the previous record of 3.25 percent set November 11, 2010.

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30-Yr. FR Unchanged; 15-Yr. Ticks Up

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30-Year Fixed-Rate Mortgage remained unchanged at 4.50 percent while the 15-Yr Fixed Rate Mortgage ticked up just 0.02 points to 3.69 percent.

Mortgages and Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending June 23, 2011, which shows mortgage rates mixed but holding steady for the second week with the 30-year fixed matching last week’s 4.50 percent average and the 15-year fixed edging up to 3.69 percent.

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30-Yr Fixed Ticks Up; 15-Yr Nudges Down

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Mortgage rates mixed but basically unchanged as mortgage applications surge.

Interest ratesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending June 16, 2011, which shows fixed mortgages rates changing little despite recent inflation reports. After declining for eight consecutive weeks, the 30-year fixed ticked up to 4.50 percent, while the 15-year inched down again to 3.67 percent.

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Rates Move Lower Sixth Straight Week

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Mortgage rates move lower following weak jobs report and continuing weakness in housing market.

Interest RatesFreddie Mac (OTC: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending June 9, 2011, which showed weaker than expected job growth in May pushing both fixed and adjustable-rate mortgages to new lows for the year. The 30-year fixed averaged 4.49 percent and the 15-year averaged 3.68 percent, its lowest since November, 2010.

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Fixed Mortgage Rates Continue To Fall

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Freddie Mac: Fixed mortgage rates eased slightly for the sixth consecutive week amid reports of slower economic activity.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) for the week ending May 26, 2011, which shows slower economic activity pushing fixed-rate mortgages slightly lower for the sixth consecutive week. The 30-year average at  4.60 percent, and the 15-year averaged 3.78 percent, mark new lows for 2011.

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Fixed Rates Still in Free Fall

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Fixed-Rate mortgages hit a new year-to-date low; Mortgage Refinancers take the bait but fewer Buyers nibble on new Purchase Applications.

Interest RatesFreddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) the week ending May 19, 2011, which shows fixed-rate mortgages declining for the fifth consecutive week amid mixed economic and housing data. The 30-year fixed averaged 4.61 percent and the 15-year, 3.80 percent.

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