mortgage rates: 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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mortgage rates: 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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mortgage rates: Average Mortgage Interest Rates as of June 23, 2015
- 06/25/15 06:58 AM
Today, 6/25/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.02%. The average interest rate for 15 year fixed-rate mortgages was 3.21%.
Do keep in mind that we are a very large country, So figures that come out for the entire nation, may have little or no relevance for your particular area. In the end, it is best if you speak with a local REALTOR or financing expert to see what the situation is for your part of the United States. Florida is not Michigan, nor is Maine the same as California. Market conditions … (0 comments)
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mortgage rates: Only a Very Slight Increase in Mortgage Rates This Week
- 05/28/15 07:39 AM
Today, 5/28/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.87%up from 3.84% last week. The average interest rate for 15 year fixed-rate mortgages was 3.11%, up from 3.05% last week. A year ago the 30 year rate was 4.12%.
Freddie Mac's spokesperson said, "Mortgage rates rose to the highest level in 2015 following positive housing market data. New home sales surged 6.8 percent to an annual pace of 517,000 units in April. Although existing home sales slipped 3.3 percent to a seasonally-adjusted pace of 5.04 million units, sales are up 6.1 percent on a year-over-year … (0 comments)
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mortgage rates: Little Change in Average Mortgage Interest Rates this Week
- 05/21/15 09:08 AM
Today, 5/21/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.84% down from 3.85% last week. The average interest rate for 15 year fixed-rate mortgages was 3.05%, down from 3.07% last week. A year ago the 30 year rate was 4.14%.
Freddie Mac's spokesperson said, "Mortgage rates were little changed this week amid positive housing news. Housing starts surged 20.2 percent to a seasonally adjusted pace of 1.14 million units in April, the highest level since 2007. As homebuying season moves into full swing, home builders remain positive about home sales in the near future. Although the … (0 comments)
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mortgage rates: For the Third Week, Mortgage Rates Slightly Increase
- 05/14/15 08:17 AM
Today, 5/14/2015, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 3.85% up from 3.80% last week. The average interest rate for 15 year fixed-rate mortgages was 3.07%, up from 3.02% last week. A year ago the 30 year rate was 4.20%.
Freddie Mac's spokesperson said, "Mortgage rates rose for the third consecutive week as 10-year Treasury yields continued to climb. The labor market continues to improve with the U.S. economy adding 223,000 jobs in April 2015, a solid rebound from merely 85,000 job gains in March. Also, the unemployment rate dipped to 5.4 percent in April as … (0 comments)
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mortgage rates: 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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mortgage rates: 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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mortgage rates: 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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mortgage rates: 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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mortgage rates: 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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mortgage rates: Miniscule Change in Home Mortgage Interest Rates this Week
- 02/13/14 09:51 AM
Today, 2/13/2014, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.28% up from 4.23% last week. The average interest rate for 15 year fixed-rate mortgages was 3.33%, unchanged rom last week. A year ago the 30 year rate was 3.53%.
Freddie Mac's Vice President said, "Mortgage rates were little changed amid a week of light economic reports. Of the few releases, the economy added 113,000 jobs in January, which was below the market consensus forecast and followed a slight upward revision of 1,000 jobs in December. Meanwhile, the unemployment rate fell to 6.6 percent, … (0 comments)
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mortgage rates: Mortgage Interest Rates Drop for Third Week - Fed Shutdown the Cause
- 10/03/13 09:04 AM
Today, 10/3/2013, Freddie Mac reported that the average mortgage interest rate for 30 year fixed-rate mortgage was 4.22% down from 4.32% last week. The average interest rate for 15 year fixed-rate mortgages was 3.29%, down from 3.37% last week. A year ago the 30 year rate was 3.36%. Drops are good news for people looking to purchase a home and those of you who are trying to sell your current residence.
Part of the reason that this week's rates dropped was the federal shutdown brought about by the nuts in the House of Representatives. In just a few weeks they will also … (0 comments)
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mortgage rates: Mortgage Interest Rates Go Even Lower Again and Stay Below 5% on Average
- 02/18/10 11:28 AM
Today, 2/18/10, 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 4.97% a week ago. The average interest rate for 15 year fixed-rate mortgages was 4.33%, down from 4.34% last week. A year ago the 30 year rate was 5.04%.
Both Freddie Mac and the National Association of REALTORs (NAR) believe that the housing market is slowly recovering, this based on recent trends. Therefore, the interest rates on mortgage loans went down a bit more and remain under 5%, a very good rate indeed.
Last June the average interest rate … (0 comments)
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mortgage rates: Freddie Mac: Mortgage Interest Rates Below 6% Again!
- 05/22/08 12:12 PM
Today 5/22/08 Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans have again moved lower for 30 year and 15 year loans, with the average rate for 30 year fixed-rate loans again below the 6% mark. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.98% (5.96% in the southeast), down from 6.01% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.55%, down from 5.60% last week. A year ago the 30 year rate was 6.37%.
Reports of lower industrial production in April and news … (0 comments)
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mortgage rates: Didn't I Warn You Last Week?? Freddie Mac Average Mortgage Interest Rates Went Up This Week
- 01/31/08 10:29 AM
I could say " I told you so", but I won't. Today 1/31/08, Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans moved higher after several weeks of big drops. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 5.68% (5.63% in the southeast), up from 5.48% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.17%, up from 4.95% last week.
If you recall, last week I mentioned that sooner or later interest rates, and/or home prices would begin to rise since lower limits had … (0 comments)
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mortgage rates: Freddie Mac: Starting the New Year With Lower Average Interest Rates
- 01/03/08 09:07 AM
Today 1/03/08, Freddie Mac reported that the average mortgage interest rates for 30 year and 15 year fixed-rate interest rates dropped for the start of the New Year. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.07% (6.06% in the southeast), down from 6.17% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.68%. down from 5.79% last week.
As has been the case throughout most of 2007, mixed signals were evident at the start of 2008 concerning the general economy and the housing market. On one hand it was reported that … (0 comments)
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mortgage rates: 30 Year Fixed-Rate Mortgage Interest Up Slightly, 15 Year Fixed-Rate Mortgage Interest Unchanged
- 12/28/07 12:19 PM
Yesterday 12/27/07, Freddie Mac reported that the average mortgage interest rates for 30 year fixed-rate loans were up just a bit and 15 year fixed-rate interest rates remained unchanged. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.17% (6.17% in the southeast), up from 6.14% a week ago. The average interest rate for 15 year fixed-rate mortgages was 5.79% the same as it was last week.
Long-term interest rates on bonds went up a bit, and the 30 year mortgage rate followed suit. If you have an adjustable rate mortgage whose interest is tied to these … (0 comments)
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mortgage rates: Freddie Mac: Mortgage Interest Rates Climb Slightly
- 08/16/07 08:56 AM
Today 8/16/07, Freddie Mac reported that the average mortgage interest rates for 30 and 15 year fixed-rate loans rose slightly. Nationally the average mortgage interest rate for 30 year fixed-rate mortgages was 6.62% (6.57% in the southeast), a rise from 6.59% a week ago. The average interest rate for 15 year fixed-rate mortgages was 6.30%, up from 6.25% last week.
Frank Nothaft, Freddie Mac vice-president and chief economist said, "Interest rates on prime conforming fixed-rate mortgages ticked up a little in the past week, in line with 10-year Treasury rate movements and retracing part of last week's decline. Problems in the … (0 comments)
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