freddie mac: Thanksgiving 2015 - Little Change in Mortgage Interest Rates
- 11/25/15 04:47 AM
Today, 11/25/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.95% down from 3.97% last week. The average interest rate for 15 year fixed-rate mortgages was 3.18%, unchanged from last week. A year ago the average rate for a 30 year fixed-rate loan was 3.97%.
A Freddie Mac spokesperson stated:
"In a quiet week leading up to the Thanksgiving holiday, the 30-year mortgage rate dipped 2 basis points to 3.95 percent. Economic releases over the last week contained no major surprises, and none are expected in the next few days. The year is winding down, and the only … (0 comments)
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freddie mac: Tiny Changes in Mortgage Interest Rates Prior to Halloween 2015!
- 10/29/15 09:31 AM
Today, 10/29/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.76% down from 3.79% last week. The average interest rate for 15 year fixed-rate mortgages was 2.98%, unchanged from last week. A year ago the average rate for a 30 year fixed-rate loan was 3.98%.
A Freddie Mac spokesperson stated:
"Treasury yields oscillated without a clear direction heading into the October FOMC meeting, as investors were confident there would be no rate increase. The 30-year mortgage rate was little changed, declining just 3 basis points to 3.76 percent this week. While the FOMC left rates unchanged at … (0 comments)
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freddie mac: Little Change for Mortgage Interest Rates This Week - Still Under 4%
- 08/20/15 08:44 AM
Today, 8/20/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.93% up from 3.94% last week. The average interest rate for 15 year fixed-rate mortgages was 3.15%, up from 3.17% last week. A year ago the average rate for a 30 year fixed-rate loan was 4.10%.
A Freddie Mac spokesperson stated:
"There was little movement in financial markets this week as the 30-year fixed mortgage rate remained steady, dropping only 1 basis point to 3.93 percent. Overall inflation grew an underwhelming 0.2 percent year-over-year in July, but core inflation remains steady at 1.8 percent keeping chances … (0 comments)
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freddie mac: Good Economic News Pushes Mortgage Interest Rates Above 4%
- 06/11/15 07:55 AM
Today, 6/11/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.04%up from 3.87% last week. The average interest rate for 15 year fixed-rate mortgages was 3.25%, up from 3.08% last week. A year ago the 30 year rate was 4.20%.
Freddie Mac's spokesperson said, "Mortgage rates rose above 4 percent for the first time since November 2014 as Treasury yields surged. Markets are responding to strong employment data. In May, the U.S. economy added 280,000 jobs. Moreover, job openings surged to 5.4 million in April, up over 20 percent from a year ago."
Do keep in mind … (0 comments)
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freddie mac: Average mortgage interest rates little changed this week!
- 04/16/15 07:21 AM
Today, 4/16/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.67% up from 3.66% last week. The average interest rate for 15 year fixed-rate mortgages was 2.94%, up from 2.93% last week. A year ago the 30 year rate was 4.27%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed following a light week of economic reports and remaining low at the spring homebuying season. Of the few releases, the advance estimate of retail sales rebounded 0.9 percent in March though slightly below market expectations. Meanwhile, the National Association of Home Builders/Wells Fargo Housing Market Index jumped … (0 comments)
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freddie mac: After a Week of Increases, Mortgage Interest Rates Fall Again
- 02/05/15 08:15 AM
Today, 2/5//2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.59% down from 3.66% last week. The average interest rate for 15 year fixed-rate mortgages was 2.92%, down from 2.98% last week. A year ago the 30 year rate was 4.32%.
Freddie Mac's spokesperson said, "Mortgage rates fell this week following the release of weaker than expected pending home sales, which fell 3.7 percent in December. Moreover, real GDP growth for the fourth quarter was 2.6 percent and the Institute for Supply Management reported slower growth in manufacturing last month, both missing market consensus forecasts."
Do … (2 comments)
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freddie mac: At Christmas 2014 Mortgage Interest Rates Remain Very Low
- 12/24/14 06:10 AM
Today, 12/24//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.83% up from 3.80% last week. The average interest rate for 15 year fixed-rate mortgages was 3.10%, up from 3.09% last week. A year ago the 30 year rate was 4.48%.
Freddie Mac's spokesperson said, "Mortgage rates were up slightly, following a week of mixed economic releases. Existing home sales were down 6.1 percent in November to annual rate of 4.93 million units, below economists' expectations. New home sales fell 1.6 percent last month to an annual rate of 438,000, also below expectations. Meanwhile, the … (0 comments)
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freddie mac: Mortgage Interest Rates Creep Upward a Bit - Still Under 4%
- 12/11/14 01:46 AM
Today, 12/11//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.93% up from 3.89% last week. The average interest rate for 15 year fixed-rate mortgages was 3.20%, up from 3.10% last week. A year ago the 30 year rate was 4.42%.
Since rates are still below the 4% mark, that makes homes much more affordable, even though prices for the homes themselves are creeping higher as well. So give serious thought to making a move. Once the New Year begins and the other party takes control of Congress, who knows what can happen. I am … (0 comments)
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freddie mac: Mortgage Interest Rates Drop to Lowest Level Since May 2013
- 12/04/14 05:47 AM
Today, 12/4//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.89% down from 3.97% last week. The average interest rate for 15 year fixed-rate mortgages was 3.10%,down from 3.17% last week. A year ago the 30 year rate was 4.46%.
The rate of 3.89% is the lowest it has been since May of 2013! Are you going to take advantage of this situation and buy a home? Don't wait until rates go back above the 4% point and beyond!
Freddie Mac's spokesperson said, "Mortgage rates were down across the board on a week of underwhelming … (0 comments)
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freddie mac: On Thanksgiving 2014 Mortgage Interest Rates Remain Under 4 Percent
- 11/26/14 08:38 AM
Today, 11/26//2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.97% down from 3.99% last week. The average interest rate for 15 year fixed-rate mortgages was 3.17%, unchanged from last week.
Perhaps due to the holiday tomorrow, Freddie Mac did not release any remarks by their spokesperson this week. At least not by the time I wrote this post at 7:30 PM on the night before Thanksgiving. So there are no comments to give you this week.
Do keep in mind that we are a very large country, So figures that come out for the … (0 comments)
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freddie mac: Mortgage Interest Rates Bounce Back Higher This Week
- 10/30/14 07:11 AM
Today, 10/30/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.98% up from 3.92% last week. The average interest rate for 15 year fixed-rate mortgages was 3.13%, up from 3.08% last week. A year ago the 30 year rate was 4.10%.
Freddie Mac's spokesperson said, "Mortgage rates grew across the board this week, rebounding from the lowest rates of the year. New home sales grew at an annual rate of 467,000 sales in September, the fastest rate observed during the recovery. Meanwhile, the National S&P Case-Shiller House Price Index grew at a seasonally adjusted annual rate of … (0 comments)
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freddie mac: Mortgage Interest Rates Remain Very Stable This Week
- 10/02/14 09:27 AM
Today, 10/2/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.19% down from 4.20% last week. The average interest rate for 15 year fixed-rate mortgages was 3.36%, unchanged from 3.36% last week. A year ago the 30 year rate was 4.22%.
Freddie Mac's spokesperson said, "Mortgage rates were flat to slightly down across the board as the Gross Domestic Product was revised up from 4.2 percent to 4.6 percent for the second quarter and the S&P/Case-Shiller National House Price Index was up a seasonally adjusted 0.2 percent for July and up 5.6 percent from the prior July. Pending … (0 comments)
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freddie mac: Mortgage Interest Rates Relatively Unchanged for Labor Day 2014
- 08/28/14 09:06 AM
Today, 8/28/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.10% unchanged from last week. The average interest rate for 15 year fixed-rate mortgages was 3.25%, up a little from 3.23% last week. A year ago the 30 year rate was 4.51%.
Though no big changes, the rates remain VERY low. But so are inventories. So that can make prices rise. Sometimes a bit of a trade-off.
Freddie Mac's spokesperson said, "Mortgage rates were little changed following mixed housing news. Existing home sales rose for the fourth consecutive month to an annualized pace of 5.15 million, the … (0 comments)
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freddie mac: Mortgage Rates Slip Slightly Lower this Week. Just Slightly!
- 08/21/14 06:52 AM
Today, 8/21/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.10% down a tad from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down a little from 3.24% last week. A year ago the 30 year rate was 4.58%.
Another week with little change. But that is sure better than having the rates skyrocket, isn't it? As long as rates remain low, buyers can more easily get the properties they want and sellers can better sell their homes for a fair price. Win-win!
The problem many areas are seeing is … (0 comments)
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freddie mac: Home Financing Interest Little Changed this Week - Little Changed!
- 08/07/14 07:01 AM
Today, 8/7/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.14% up a tad from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.27%, up a little from 3.23% last week. A year ago the 30 year rate was 4.40%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, ISM non-manufacturing index rose to 58.7 in July from 56.0 a month earlier. Also, factory orders were up 1.1 percent in June. The two reports signal steady economic growth … (0 comments)
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freddie mac: Mortgage Interest Rates Remain at Very Low Levels in Summer of 2014
- 07/31/14 08:02 AM
Today, 7/31/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.12% down a tad from 4.13% last week. The average interest rate for 15 year fixed-rate mortgages was 3.23%, down a little from 3.26% last week. A year ago the 30 year rate was 4.39%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed this week with the 30-year fixed-rate mortgage rate at 4.12 percent, just a basis point lower from the previous week. Meanwhile, on Wednesday afternoon the yield on the 10-year Treasury surged as data showed gross domestic product for the … (0 comments)
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freddie mac: Average Mortgage Interest Rates Moved Very Little This Week
- 07/24/14 10:07 AM
Today, 7/24/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.13% unchanged from 4.13% last week. The average interest rate for 15 year fixed-rate mortgages was 3.26%, up a little from 3.23% last week. A year ago the 30 year rate was 4.31%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed for the week with the 30-year fixed-rate mortgage remaining unchanged. Meanwhile, we received some good news on housing with existing home sales climbing 2.6 percent to a seasonally adjusted annual rate of 5.04 million in June, the highest pace since October 2013."
Do keep in … (0 comments)
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freddie mac: Only Slight Upward Movement in Mortgage Interest Rates this Week
- 07/10/14 07:01 AM
Today, 7/10/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.15% barely up from 4.12% last week. The average interest rate for 15 year fixed-rate mortgages was 3.24%, up a bit from 3.22% last week. A year ago the 30 year rate was 4.51%.
Freddie Mac's spokesperson said, "Mortgage rates increased for the week as the labor market appears to be improving. Based on the employment report, released last week, the U.S. economy added 288,000 jobs in June, gained224,000 in May and increased by 304,000 in April. Also, the unemployment rate in June fell to 6.1 … (0 comments)
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freddie mac: Little Movement of Mortgage Interest Rates before 4th of July 2014
- 07/03/14 10:21 AM
Today, 7/3/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.12% down from 4.14% last week. The average interest rate for 15 year fixed-rate mortgages was 3.22%, unchanged from last week. A year ago the 30 year rate was 4.29%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed from the previous week and remain below levels seen the same time last year, which should provide some help with homebuyer affordability in many markets. Recent housing data was better with pending home sales up 6.1 percent in May and overall construction spending showing a slight … (0 comments)
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freddie mac: Freddie Mac says Average Mortgage Rates Climb Higher Again this Week!
- 06/12/14 04:46 AM
Today, 6/12/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.20% up from 4.14% last week. The average interest rate for 15 year fixed-rate mortgages was 3.31%, up from 3.23% last week. A year ago the 30 year rate was 3.98%.
Freddie Mac's spokesperson said, "Mortgage rates continued to climb for the second week in a row following the increase in 10-year Treasury yields. Also, the economy added 217,000 jobs in May, following a 282,000 surge in April and a 203,000 increase in March. Meanwhile, the unemployment rate in May held steady at 6.3 percent."
… (0 comments)
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