freddie mac: Average Mortgage Interest Rates Slip Ever Lower This Week: Freddie Mac
- 07/22/10 12:46 PM
Today, 7/22/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.56% (4.59% in the southeast), down from 4.57% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.03%, down from 4.06% last week. A year ago the 30 year rate was 5.20%. These are record lows for the Freddie Mac survey which is nearly 40 years old! Wish my own mortgage had rates like these. Why are people waiting?
Freddie Mac said that the lower rates reflected a belief in the country that the economy was weakening a bit, especially in the housing and … (0 comments)
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freddie mac: Mortgage Interest Rates Remain Mostly Unchanged and Low: Freddie Mac
- 07/08/10 10:33 AM
Today, 7/8/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.57% (4.60% in the southeast), down from 4.58% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.07%, down from 4.04% last week. A year ago the 30 year rate was 5.20%. Lower interest rates continue to make homes very affordable, along with the very reasonable home prices in many parts of the country.
Freddie Mac reports that since interest rates are so low, those homeowners that can, are refinancing in large numbers during the past three months. Since the start of April 2 out … (0 comments)
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freddie mac: Freddie Mac: Average Mortgage Interest Rates Rise Only Slightly This Week
- 06/17/10 10:11 AM
Today 6/17/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.75% (4.74% in the southeast), up from 4.72% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.20%, up from 4.17% last week. A year ago the average 30 year rate was 5.39%!
As I noted in previous posts, housing starts and new home permits were down last month. Also, home builders are less optimistic about the near future, in regard to the housing market. In this setting, interest rates stayed pretty much unchanged from last week. So experts are also saying … (0 comments)
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freddie mac: After One Week With a Tiny Rise, Mortgage Interest Rates Drop Again!
- 06/10/10 01:53 PM
Today, 6/10/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.72% (4.73% in the southeast), down from 4.79% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.17%, down from 4.20% last week. A year ago the 30 year rate was 5.59%. Lower interest rates help improve home affordability, along with the very reasonable home prices in may parts of the country. The buyers market continues for now.
Due to poor employment reports earlier this week, interest paid on bonds fell, and the interest rates for mortgages followed them down the same path. Bad for people … (0 comments)
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freddie mac: Average Mortgage Interest Rates Barely Move - Still VERY Low Historically Speaking
- 06/03/10 11:22 AM
Today 6/3/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.79% (4.79% in the southeast), up from 4.78% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.20%, down from 4.21% last week. A year ago the average 30 year rate was 5.29%. Still well below 5%! That's great news for buyers and for sellers.
Experts believe that inflation will stay mild since economic growth for the first quarter of 2010 was less than had been forecast. With no fears of inflation on the horizon, interest rates remained at historically low levels. (But for … (0 comments)
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freddie mac: Average Mortgage Interest Rates Fall Again! How Low Will They Go?
- 05/27/10 01:33 PM
Today, 5/27/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.78% (4.77% in the southeast), down from 4.84% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.21%, down from 4.24% last week. A year ago the 30 year rate was 4.91%. Lower interest rates help improve home affordability, along with reasonable home prices in may parts of the country.
Now Freddie Mac is saying what I have said in earlier posts. These incredibly low interest rates are helping make the loss of the home buyer tax credit easier to swallow. Prices are still … (0 comments)
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freddie mac: Yet Another Very Nice Drop for Mortgage Interest Rates According to Freddie Mac
- 05/20/10 10:10 AM
Today, 5/20/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.84% (4.83% in the southeast), down from 4.93% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.24%, down from 4.30% last week. A year ago the 30 year rate was 4.82%. Wow, rates are nearly what they were way back last year! Not a bad thing for home buyers or for sellers. Lower interest rates help improve home affordability, along with reasonable home prices in may parts of the country.
According to a Freddie Mac spokesperson: "Low mortgage rates, coupled with the homebuyer … (0 comments)
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freddie mac: Average Mortgage Interest Rates Drop to Lowest Level of 2010! Now Under 5%!
- 05/13/10 12:25 PM
Today, 5/13/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.93% (4.91% in the southeast), down from 5.00% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.30%, down from 4.36% last week. A year ago the 30 year rate was 4.86%.
Freddie Mac reported that this is the 5th week in a row that interest rates have dropped. They also made reference to the National Association of REALTORs report I posted a few days ago. It said that median home prices were recovering in more local areas in the first quarter of … (0 comments)
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freddie mac: Average Mortgage Interest Rates Take a Nice Drop This Week
- 05/06/10 07:11 AM
Today, 5/6/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.00% (4.97% in the southeast), down from 5.06% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.36%, down from 4.39% last week. A year ago the 30 year rate was 4.84%.
Yields on notes and bonds issued by the US Treasury went south this week, and the rates on mortgages followed them down the hill. This is the lowest that rates have been in 6 weeks. A lot of experts had said rates would continue to climb, so it is nice to see that … (0 comments)
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freddie mac: Little Movement in Average Mortgage Interest Rates says Freddie Mac
- 04/29/10 11:28 AM
Today, 4/29/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.06% (5.00% in the southeast), down from 5.07% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.39%, unchanged from last week. A year ago the 30 year rate was 4.78%.
For the past four months mortgage interest rates for 30 year fixed-rate loans have hovered right around the 5% mark. Historically very low. This level is almost exactly the way things were throughout 2009. The low rates have worked to moderate the drop in home prices as they made buying a home more … (0 comments)
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freddie mac: After Several Weeks of Increases, Finally Average Mortgage Interest Rates Drop
- 04/16/10 02:09 PM
Today, 4/15/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.07% (5.02% in the southeast), down from 5.21% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.40%, down from 4.52% last week. A year ago the 30 year rate was 4.82%.
Nice to see that after going up for 4 weeks in a row, the interest rates have at least taken a temporary dip. Hope that this indicates that the upward trend is going to moderate some. Last thing we need now, in my humble opinion, is high interest rates that … (0 comments)
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freddie mac: As I Had Feared, Interest Rates Continue Upward Movement According to Freddie Mac Survey
- 04/08/10 06:31 AM
Today 4/8/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.21% (5.15% in the southeast), up from 5.08% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.52%, up from 4.39% last week. A year ago the average 30 year rate was 4.87%. Just a couple of weeks ago it had been well below 5%!
Positive news about employment numbers spurred the yields to go higher for bonds and this in turn pushed up the interest rates on mortgages. The economy "added" 162,000 jobs which was the largest gain in 3 years. … (0 comments)
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freddie mac: Average Mortgage Interest Rates Cross-Over the 5% Mark says Freddie Mac
- 04/01/10 07:42 AM
Today 4/1/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.08% (5.06% in the southeast), up from 4.99% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.39%, up from 4.34% last week. A year ago the average 30 year rate was 4.78%.
Just like last week, long-term bond rates went up and the mortgage interest rates followed them. The mortgage interest rates for 30 year fixed-rate loans now sit at their highest level since the first week of 2010. But they still are historically low. Many of us can remember when … (0 comments)
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freddie mac: Average Mortgage Interest Rates Just Barely Stay Below 5% This Week
- 03/25/10 07:06 AM
Today 3/25/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.99% (4.99% in the southeast), up from 4.96% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.34%, up from 4.33% last week. A year ago the average 30 year rate was 4.85%.
Bond Rates climbed higher and mortgage interest rates went along for the ride. However, for the 4th week in a row the average interest rate is below 5%!
The financial burden that consumers are carrying, in relationship to their disposible income, went down some in the 4th quarter of 2009. Was … (0 comments)
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freddie mac: Average Mortgage Interest Rates Hardly Move This Week - Remain Below 5%
- 03/18/10 01:13 PM
Today 3/18/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.96% (4.94% in the southeast), up from 4.95% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.33%, up from 4.32% last week. A year ago the average 30 year rate was 4.98%.
The rates hardly changed at all this week. Not enough to really affect payments that one would make of a 15 year or 30 year fixed-rate loan.
New home construction was down in February, but much of this was attributed to bad weather both in the north and the … (0 comments)
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freddie mac: Back Below 5% go Average Mortgage Interest Rates says Freddie Mac
- 03/04/10 11:47 AM
Today, 3/4/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.97% (4.97% in the southeast), down from 5.05% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.33%, down from 4.40% last week. A year ago the 30 year rate was 5.15%.
Home affordability remains within the grasp of many due to the continued low levels of interest rates. According to a Freddie Mac spokesperson, "In fact, monthly principal and interst mortgage payments for a typical family buying a median-priced home of $163,800 were just $709 in January, the lowest amount since … (0 comments)
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freddie mac: Average Mortgage Interest Rates Just Below 5% Once Again!
- 02/11/10 11:33 AM
Today, 2/11/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.97% (4.93% in the southeast), down from 5.01% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.34%, down from 4.40% last week. A year ago the 30 year rate was 5.16%.
For the third time in 2010 interest rates on 30 year fixed-rate loans dipped below 5%. This is helping a lot of people by making it possible to refinance their higher interest rate loans. Remember when 6% sounded great? Doesn't 5% sound better? Over the first weeks of 2010 two … (0 comments)
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freddie mac: Mortgage Interest Rates Creep Just a Bit Lower says Freddie Mac
- 01/28/10 10:46 AM
Today, 1/28/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.98% (4.97% in the southeast), down from 4.99% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.39%, down from 4.40% last week. A year ago the 30 year rate was 5.10%.
Interest rates held pretty steady this week as the Federal Reserve indicated that it would probably not play much with interest rates due to an economy that appeared to continue its strengthening. They feel that lower rates will help ease unemployment and spark further growth of the US economy. However, … (0 comments)
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freddie mac: Average Mortgage Interest Rates Again Drop Below 5% Point
- 01/21/10 08:51 AM
Today, 1/21/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.99% (4.97% in the southeast), down from 5.06% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.40%, down from 4.45% last week. A year ago the 30 year rate was 5.12%.
Bond yields dropped this week and mortgage interest rates played "follow-the-leader". Once again we are seeing rates below the 5% mark.
As was mentioned in a previous post, home starts last month (December 2009) were down while new housing permits were up. This kind of makes sense since fewer homes … (0 comments)
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freddie mac: For 2 Weeks Straight, Average Mortgage Interest Rates Have Fallen Closer to 5% Mark
- 01/14/10 08:34 AM
Today, 1/14/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 5.06% (5.00% in the southeast), down from 5.09% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.45%, down from 4.50% last week. A year ago the 30 year rate was 4.96%.
Since interest rates on fixed-rate loans are still historically low, many people are taking the opportunity to refinance their homes and lower their payments. Over the past 3 months or so, over 75% of the applications for new loans were for refinancing purposes. So at least someone is making use … (0 comments)
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Today, 7/22/10, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgages was 4.56% (4.59% in the southeast), down from 4.57% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.03%, down from 4.06% last week. A year ago the 30 year rate was 5.20%. These are record lows for the Freddie Mac survey which is nearly 40 years old! Wish my own mortgage had rates like these. Why are people waiting?
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