adjustable rate mortgage: Mortgage Rates Highest Since 2011 But Dropping In Volume - 08/30/13 05:35 AM
In the fourth week of August 2013 mortgage applications have decreased significantly.  The Mortgage Bankers Association reported that applications were down 2.5% compared to a week prior.
Refi’s also decreased by 5% in the same period. 
The average 30 year fixed rate mortgage, FRM, is currently 4.8% which is the highest rate yet since April 2011.  30 year jumbo rates also climbed slightly from 4.74% to 4.78%.
If you keep an eye on GSE loans, FHA 30 year fixed rate mortgages are now at 4.52% from 4.40% within that same week.
15 year FRM’s nudged their way closer to … (0 comments)

adjustable rate mortgage: Fixed Rate Mortgages are “Movin on Up” - 05/30/13 03:37 AM
Freddie Mac reported for the last 3 weeks, fixed rate mortgages have been increasing steadily.   They believe that the jump in rates will actually spark movement in the housing market as well as the construction industry.
Freddie’s Primary Mortgage Market Survey revealed that rates for a 30 year FRM, fixed rate mortgage, were actually lower than last year’s 3.78%, however, rates went from 3.51% to 3.59% in a 3 week period.
Frank Nothaft, VP at Freddie Mac, said, "Fixed-rates moved up for the third consecutive week, with the average 30-year fixed-rate mortgage about a quarter-percentage point higher than three weeks … (1 comments)

adjustable rate mortgage: Free Mortgage Money? Well, Almost Free! - 05/19/12 07:35 AM
 
Again this week, Freddie Mac reported that the average fixed mortgage rates again reached historic record lows. This time, 30-year fixed-rate mortgages, are at 3.79%  and continue to remain well below 4%.
 
For those that can swing it, 15-year fixed-rate mortgages are brushing up against the 3%, moving down to 3.04%, another historic mortgage rate low.
 
Last year at this time, the 30-year FRM averaged 4.61% per Freddie Mac’s Primary Mortgage Market Survey®;  a year ago at this time, the 15-year FRM averaged 3.80 percent.
 
If you are in the market for an ARM, adjustable-rate … (0 comments)