Articles Recently Tagged: Freddie Mac

(15 posts)
30-Year Mortgage Rate Over 4 Percent For First Time In 2015

30-Year Mortgage Rate Over 4 Percent For First Time In 2015

As we expected last week with the underlying basis on the move, the average rate for a 30-year mortgage has continued to climb, crossing the four percent mark for the first time since November 2014 and hitting a new high for 2015. The average rate for a 30-year fixed-rate... Read More »

Mortgage Rate Hits 2015 High

Mortgage Rate Hits 2015 High

The average rate for a conforming 30-year mortgage has ticked up to 3.87 percent, the highest average rate in 2015 and 28 basis points above the near two-year low rate of 3.59 percent recorded this past February. That being said, the rate remains 25 basis points below the 4.12... Read More »

Mortgage Rates On The Move

Mortgage Rates On The Move

The average rate for a conforming 30-year mortgage increased 12 basis points over the past week to 3.80 percent, up 21 basis point from a 3.59 percent 21-month low in February but 41 basis points below the 4.21 percent average rate at the same time last year. The 30-year... Read More »

Mortgage Rates Drop, Nearing 22-Month Lows

Mortgage Rates Drop, Nearing 22-Month Lows

Mortgage rates have dropped for the second week in a row and the average rate for a conforming 30-year mortgage is down to 3.69 percent, within 10 basis point of its 22-month low (3.59 percent) recorded last month.  At this time last year, the 30-year rate averaged 4.40 percent.... Read More »

Mortgage Rates Resume Their Climb

Mortgage Rates Resume Their Climb

Following a slight one-week dip, mortgage rates continued to climb over the past week, with the rate for a conforming 30-year mortgage now averaging 3.86 percent, up 27 basis points over the past five weeks. At this time last year, the 30-year rate averaged 4.37 percent. The 30-year rate,... Read More »

Mortgage Rates Drop As Bond Market Sounds An Economic Warning

The average rate for a conforming 30-year mortgage has dropped to 3.73 percent, the lowest rate since May of 2013 when the rate averaged 3.59 percent and 78 basis points below the 4.51 percent average rate at the same time last year. While the Federal Reserve is expected to... Read More »

Top 5 Reasons For Renting, And Factors For Buying A Home

According to a Freddie Mac commissioned Harris Poll of around two thousand adults, a third of which were renters, the top five favorable factors for renting versus owning a home are: Provides freedom from home maintenance responsibilities Allows more flexibility over where you live Protects against home price declines... Read More »

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... 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... 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... 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... 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... 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... 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... 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... Read More »