Articles Recently Tagged: Freddie Mac

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Mortgage Rates Tick Up, Average 30-Year Rate Above 4 Percent

Mortgage Rates Tick Up, Average 30-Year Rate Above 4 Percent

The average rate for a conforming 30-year fixed-rate mortgage has ticked up from 3.92 to 4.02 percent over the past two weeks but remains 14 basis points below the 4.16 percent rate at the same time last year. As we noted two weeks ago, with unemployment claims at their lowest point in 14 years and Read More »

Mortgage Rates Drop To 16-Month Low

Mortgage Rates Drop To 16-Month Low

As we expected, the average rate for a conforming 30-year fixed-rate mortgage dropped to its lowest point in over a year, down from 3.97 percent to 3.92 percent over the past week and versus 4.13 percent at the same time last year.  The current average rate is at its lowest point since the first week of Read More »

Mortgage Rates Move Higher, Biggest Increase Of The Year

Mortgage Rates Move Higher, Biggest Increase Of The Year

The average rate for a conforming 30-year fixed-rate mortgage jumped from 4.12 to 4.23 percent over the past week, the highest rate since the beginning of May and the biggest one-week increase since the beginning of the year. Speculation that the Federal Reserve might start raising rates sooner than expected helped fuel the jump.  And while Read More »

Little Movement In 30-Year Mortgage Rate

Little Movement In 30-Year Mortgage Rate

The average rate for a conforming 30-year fixed-rate mortgage ticked up a nominal 2 basis points, from 4.10 percent to 4.12 percent, over the past week.  With little movement over the past three months, the 30-year rate remains near its 62-week low, having last dropped below 4.10 percent in June of 2013. Averaging around 6.7 percent Read More »

Benchmark Mortgage Rate Drops To Ten-Month Low

Benchmark Mortgage Rate Drops To Ten-Month Low

The average rate for a conforming 30-year fixed-rate mortgage has ticked down to 4.10 percent, the lowest rate since October of 2013 when it last dipped to 4.10 percent for a week. Averaging around 6.7 percent over the past twenty years, the 30-year rate hit  a three-year high of 4.58 percent a year ago and an all-time Read More »

30-Year Mortgage Rate Drops To 2014 Low

The average rate for a conforming 30-year mortgage ticked down to 4.12 percent over the past week, matching the 2014 low last recorded in May and the lowest rate since October of 2013 when it dipped to 4.10 percent. Averaging around 6.7 percent over the past twenty years, the 30-year rate hit a three-year high of 4.58 Read More »

Freddie Mac Lowers Mortgage Rate Forecast For 2014

Having forecast the average rate for 30-year fixed mortgages would begin rising in the second half of 2014 and end the year at “around 4.6 percent” as of two months ago, Freddie Mac lowered their forecast today and now expects the average 30-year fixed mortgage rate to end the year at at “around 4.4 percent.” Read More »

Freddie Mac: San Francisco Housing Market Is Weak.  Here’s Why

Freddie Mac: San Francisco Housing Market Is Weak.  Here’s Why

According to Freddie Mac’s “Multi-Indicator Market Index,” the U.S. housing market remains weak despite improving employment, declining delinquencies, attractive mortgage rates and home price gains, but conditions have improved year-over-year. Of the top 50 metropolitan areas in the U.S., only San Antonio, Houston, Austin, and New Orleans were considered to be stable markets. Ranked in Read More »