decrease: Mortgage Interest Rates Drop a Bit This Week says Freddie Mac
- 07/23/15 08:37 AM
Today, 7/23/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.04% down from 4.09% last week. The average interest rate for 15 year fixed-rate mortgages was 3.21%. down from 3.25% last week. A year ago the average rate for a 30 year fixed-rate loan was 4.13%.
A Freddie Mac spokesperson stated: "U.S. Treasury yields dropped following announcements that many blue chip companies' earnings failed to meet expectations. This drove the 30-year fixed rate mortgage down 5 basis points to 4.04 percent this week. Housing continues to be the bright spot in the economic recovery. Existing home sales beat … (0 comments)
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decrease: Mortgage Interest Rates Slide a Little Lower this Week
- 09/25/14 07:43 AM
Today, 9/25/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.20% down from 4.23% last week. The average interest rate for 15 year fixed-rate mortgages was 3.36%, down from 3.37% last week. A year ago the 30 year rate was 4.32%.
Freddie Mac's spokesperson said, "Mortgage rates were slightly changed with the rate on the 30-year fixed mortgage down three basis points. Meanwhile, existing home sales dropped 1.8 percent in August to a seasonally-adjusted annual rate of 5.05 million. Sales of new single-family homes surged 18.0 percent in August to an annual pace of 504,000 units. … (0 comments)
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decrease: Mortgage Interest Rates Drop Again Due to Negative Economic News
- 06/26/14 10:53 AM
Today, 6/26/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.14% down from 4.17% last week. The average interest rate for 15 year fixed-rate mortgages was 3.22%, down from 3.30% last week. A year ago the 30 year rate was 4.46%.
Freddie Mac's spokesperson said, "Mortgage rates were down following the release of first quarter real GDP final estimate, which fell at a 2.9 percent annualized rate, a steeper than expected decline and the worst reading since the first quarter of 2009. Also, the seasonally-adjusted S&P/Case-Shiller 20-city home price index was up only 0.2 percent … (0 comments)
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decrease: Mortgage Interest Rates Drop this Week, but Just Slightly
- 06/19/14 10:09 AM
Today, 6/19/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.17% down from 4.20% last week. The average interest rate for 15 year fixed-rate mortgages was 3.30%, down from 3.31% last week. A year ago the 30 year rate was 3.93%.
Freddie Mac's spokesperson said, "Mortgage rates were down slightly for the week ending on June 19, 2014. Meanwhile, housing starts in May were 6.5 percent below the revised April rate. Following a similar pattern, building permits fell 6.4 percent in May after a 5.9 percent increase a month earlier. Also, CPI rose 0.4 percent … (0 comments)
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decrease: Mortgage Interest Rates Near a Seven Month Low - Time to Buy a Home?
- 05/22/14 10:23 AM
Today, 5/22/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.14% down from 4.20% last week. The average interest rate for 15 year fixed-rate mortgages was 3.25%, down from 3.29% last week. A year ago the 30 year rate was 3.59%.
Freddie Mac's spokesperson said, "Mortgage rates continued to decline this week as industrial production slipped by 0.6 percent in April, below the market consensus forecast. Meanwhile, housing starts jumped 13 percent in April to a seasonally adjusted annual rate of 1,072,000 units, well above expectations. Permits rose to a seasonally adjusted annual rate … (0 comments)
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decrease: Mortgage Interest Rates Go Lower this Week says Freddie Mac Survey
- 05/08/14 09:59 AM
Today, 5/8/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.21% down from 4.29% last week. The average interest rate for 15 year fixed-rate mortgages was 3.32%, down from 3.38% last week. A year ago the 30 year rate was 3.42%.
Freddie Mac's spokesperson said, "Mortgage rates continued moving down following the decline in 10-year Treasury yields after a dismal report on real GDP growth in the first quarter. Meanwhile, the economy added 288,000 jobs in April, the largest since January 2012, and followed an upward revision of 36,000 jobs for the prior two months. … (0 comments)
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decrease: Lower Home Mortgage Rates This Week - Take Advantage of Them!
- 04/10/14 11:17 AM
Today, 4/10/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.34 down from 4.41% last week. The average interest rate for 15 year fixed-rate mortgages was 3.38%, down from 3.47% last week. A year ago the 30 year rate was 3.43%.
Freddie Mac's spokesperson said, "Mortgage rates eased a bit following the decline in 10-year Treasury yields. Also, the economy added 192,000 jobs in March, which was below the market consensus forecast but followed an upward revision of 22,000 jobs in February. Meanwhile, the unemployment rate held steady at 6.7 percent."
Do keep in mind … (0 comments)
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decrease: Mortgage Interest Rates Sag a Little This Week says Freddie Mac
- 03/20/14 10:47 AM
Today, 3/20/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.32 down from 4.37% last week. The average interest rate for 15 year fixed-rate mortgages was 3.32%, down from 3.38% last week. A year ago the 30 year rate was 3.54%.
Freddie Mac's spokesperson said, "Mortgage rates eased this week as housing starts declined 0.2 percent in February to a seasonally adjusted annual rate of 907,000, below consensus forecast. The rate on the 10-year treasury note rose following the Fed's announcement Wednesday afternoon and, if this holds, interest rates may begin to trend higher going … (1 comments)
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decrease: After a Few Weeks of Increases, Mortgage Interest Drops a Little
- 12/12/13 06:32 AM
Today, 12/12/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.42% up from 4.46% last week. The average interest rate for 15 year fixed-rate mortgages was 3.43%, up from 3.37% last week. A year ago the 30 year rate was 3.32%.
Freddie Mac's Vice President said, "Mortgage rates were little changed amid a light week of economic data releases. Of the few releases, total nonfarm payroll employment rose by 203,000 in November and the unemployment rate declined to 7.0 percent. Also, single family mortgage debt outstanding increased for the first time since 2008. This is a … (0 comments)
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decrease: Negative Economic Data Causes Mortgage Interest Rates to Move "South"
- 11/21/13 10:14 AM
Today, 11/21/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.22% down from 4.35% last week. The average interest rate for 15 year fixed-rate mortgages was 3.27%, down from 3.35% last week. A year ago the 30 year rate was 3.31%.
Freddie Mac's Vice President said, "Fixed mortgage rates fell this week on reports of weaker manufacturing growth and declines in overall inflation rates. Industrial production slipped by 0.1 percent in October, below the market consensus forecast of a 0.2 percent gain. The consumer price index also unexpectedly fellduring the month. On an annual basis, consumer prices … (0 comments)
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decrease: Happy Halloween! Lower Mortgage Interest is Your Treat!
- 10/31/13 08:41 AM
Today, 10/31/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.10% down from 4.13% last week. The average interest rate for 15 year fixed-rate mortgages was 3.20%, down from 3.24% last week. A year ago the 30 year rate was 3.39%.
Freddie Mac's Vice President said, "Fixed mortgage rates eased further leading up to the Federal Reserve's (Fed) October 30th monetary policy announcement. The Fed saw improvement in economic activity and labor market conditions since it began its asset purchase program, but noted the recovery in the housing market slowed somewhat in recent months and unemployment remains … (0 comments)
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decrease: Mortgage Rates Hit a Four Month Low says Freddie Mac Survey
- 10/24/13 07:29 AM
Today, 10/24/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.13% down from 4.28% last week. The average interest rate for 15 year fixed-rate mortgages was 3.24%, down from 3.33% last week. A year ago the 30 year rate was 3.41%.
Freddie Mac's Vice President said, "Mortgage rates slid this week as the partial government shutdown led to market speculation that the Federal Reserve will not alter its bond purchases this year. The weak employment report for September added to this expectation. The economy added just 148,000 jobs, which was below the market consensus forecast and less … (0 comments)
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decrease: After Some Large Jumps, Mortgage Interest Rates Fall Back a Bit
- 07/18/13 08:09 AM
Today, 7/18/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.37% down from 4.51% last week. The average interest rate for 15 year fixed-rate mortgages was 3.41%, down from 3.53% last week. A year ago the 30 year rate was 3.53%.
Even though rates are still well above the LOW levels they were just a few weeks ago, at least the rapid upward movement has abated a bit this week. Maybe this is just a "breather" or perhaps we are at a plateau where we will hover around the 4.5% level for a while. There is little … (0 comments)
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decrease: Nice Drop for Average Mortgage Interest Rates This Week!
- 04/11/13 09:13 AM
Today, 4/11/2013 Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.43% down from 3.54% last week. The average interest rate for 15 year fixed-rate mortgages was 2.65, down from 2.74 last week. A year ago the 30 year rate was 3.88%.
Freddie Mac's Vice President said, "Mortgage rates fell further this week following a lackluster employment report for March. The economy added just 88,000 net new jobs last month, about one-third as many as February and the fewest since June 2012. In addition, approximately 496,000 people left the workforce causing the unemployment rate to … (0 comments)
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decrease: Average Mortgage Interest Rates Now at 3.4% says Freddie Mac!
- 09/27/12 08:41 AM
Today, 9/27/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.40% down from 3.49% last week. The average interest rate for 15 year fixed-rate mortgages was 2.73%, down from 2.77 last week. A year ago the 30 year rate was 4.01%.
Not long ago the Federal Reserve said it was going to buy up mortgage-backed securities. And true to their word, they did. This caused the desired effect of making interest rates fall. That should help supplement an improving housing market in the United States. Buyers AND sellers both benefit when mortgage rates are low.
Here are some … (0 comments)
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decrease: How Low Can Interest Rates Fall? This Week They Hit New Record Lows!
- 07/19/12 05:48 AM
Today, 7/19/2012, Freddie Mac reported that the average mortgage interesy rate for 30 year fixed-rate mortgages was 3.53%, down from last week when it was 3.56%. The average interest rate for 15 year fixed-rate mortgages was 2.83%, down from 2.86% last week. A year ago the 30 year rate was 4.52%. Two weeks ago I asked if we had finally reached a "bottom". Apparently not. I hope many of you are able to get these new rates when buying a new home or can do the same on a refinancing deal for your current home.
Freddie Mac's spokesman made the following statement concerning today's report, "With little … (0 comments)
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decrease: After Week of Little Movement, Mortgage Rates Again Move Even Lower
- 07/05/12 07:53 AM
Today, 7/5/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.62%, down from last week when it was 3.66%. The average interest rate for 15 year fixed-rate mortgages was 2.89%, down from 2.94% last week. A year ago the 30 year rate was 4.60%. Is this the bottom? Or will we see further drops. It sure makes home buying a lot more economical and available to a lot of people From what I hear, even some of those who had a foreclosure not all that long ago are now able to get loans in some cases. At … (0 comments)
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decrease: After Rising for 1 Week, Average Mortgage Interest Decreases Again
- 06/21/12 05:40 AM
Today, 6/21/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.66%, down from 3.71% last week. The average interest rate for 15 year fixed-rate mortgages was 2.95%, down from 2.98% last week. A year ago the 30 year rate was 4.50%. Makes you wonder if the rates are going to hover around this area for some time. It would be good for buyers AND sellers if it does. Makes homes much more affordable than when rates were above 6%. And that was not all that long ago!
Freddie Mac said that the yield on treasury bonds went south … (0 comments)
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decrease: How Much Farther Can Average Mortgage Interest Rates Fall?? Now 3.67%!
- 06/07/12 03:32 AM
Today, 6/7/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.67%, down from 3.75% last week. The average interest rate for 15 year fixed-rate mortgages was 2.94%, down from 2.97% last week. A year ago the 30 year rate was 4.49%. Each week I tell myself that the rates cannot go any lower. Then within 7 days, I have to eat my words again. I guarantee you that there is a bottom to which they cannot go lower, but I have given up trying to guess where that level could be. But without a doubt there are some … (0 comments)
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decrease: New Record Lows for Average Mortgage Interest Rates says Freddie Mac
- 05/10/12 11:58 AM
Yesterday, 5/10/2012, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 3.83%, down from 3.84% last week. The average interest rate for 15 year fixed-rate mortgages was 3.05%, down from 3.07% from last week. A year ago the 30 year rate was 4.63%.
Not since 1951 have rates been this low! Since early December 2011 the average interest rate for 30 fixed-rate mortgages has been below 4% for all but 1 week.
The job report for April was weaker than expected. Then the economic news out of Europe was not very good since both Greece and France had … (0 comments)
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Today, 7/23/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.04% down from 4.09% last week. The average interest rate for 15 year fixed-rate mortgages was 3.21%. down from 3.25% last week. A year ago the average rate for a 30 year fixed-rate loan was 4.13%.
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