Tag Archives: Freddie Mac

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 →

New Bill To Promote Foreclosure Rentals

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The Neighborhood Preservation Act (H.R. 2636) introduced to authorize GSE’s and member banks to lease REO properties back to the foreclosed homeowner or third party.

for rentCongressman Gary G. Miller (Republican Representive from Ca.) recently introduced the Neighborhood Preservation Act (H.R. 2636). It is hoped that this legislation would ease some of the pressure that the massive inventory of foreclosed homes are putting on the housing market. According to the supportors of the bill, it would help to stabilize home values and restore overall confidence in the housing market, while, at the same time, give families a chance to stay in their homes. 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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