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Tag Archives: Mortgage Rates

Survey: Economists Trim Forecast for Housing Starts

Economists are lowering their expectations for housing starts in 2014, according to a survey performed by the Wall Street Journal. The Journal notes their diminishing optimism is among the most noticeable trend in monthly surveys of economic forecasters in the first half of 2014.

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Improving Economy Bumps Up Mortgage Rates

According to Freddie Mac, the average rate on a 30-year fixed-rate mortgage (FRM) was 4.20 percent (0.6 point) for the week ending June 12, an increase of 6 basis points from last week's report. Last year, the 30-year FRM hovered just below 4.0 percent. The 15-year FRM averaged 3.31 percent (0.5 point), up from 3.23 percent in the last report.

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Mortgage Rates Snap Five-Week Decline

In its latest survey results, Freddie Mac recorded the average 30-year fixed rate at 4.14 percent (0.5 point) for the week ending June 5, up from last week's average 4.12 percent. A year ago, the 30-year fixed-rate mortgage (FRM) was 3.91 percent and rising.

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Mortgage Rates Continue Month-Long Slide

In its weekly released Primary Mortgage Market Survey, Freddie Mac found the average rate for a 30-year fixed-rate mortgage (FRM) was 4.12 percent (0.6 point) for the week ending May 29, down from 4.14 percent last week and the lowest 30-year fixed average since October 2013. The 15-year FRM also slid down, averaging 3.21 percent (0.5 point) compared to last week's 3.25 percent.

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Pending Home Sales Creep Up 0.4% in April

The National Association of Realtors (NAR) recorded a 0.4 percent gain in its Pending Home Sales Index (PHSI) for April, bringing it up to 97.8. A measure of contract signings, the index serves as a forward-looking indicator for future sales activity.

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Mortgage Rates Continue to Slip

Short Sales

In its weekly Primary Mortgage Market Survey, Freddie Mac recorded the average rate for the 30-year fixed-rate mortgage (FRM) at 4.14 percent (0.6 point), down from 4.20 percent last week. Last May, the 30-year fixed was at 3.59 percent and climbing amid speculation the Federal Reserve would soon start tapering its monthly asset purchases. The first cut didn't arrive until seven months later, in December.

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Mortgage Rates Decline for Third Straight Week

Short Sales

According to Freddie Mac’s Primary Mortgage Market Survey, the 30-year average fixed-rate mortgage (FRM) eased to 4.20 percent (0.6 point) for the week ending May 15, a drop of just 1 basis point from the last survey. It was the third straight week of declines, Freddie Mac reported, bring the 30-year fixed average to a six-month low.

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Mortgage Rates Continue Downward Slide

Short Sales

In its Primary Mortgage Market Survey, Freddie Mac clocked the 30-year fixed-rate mortgage (FRM) at an average 4.21 percent (0.6 point), down from 4.29 percent and the lowest level since late last year. A year ago, the 30-year FRM averaged 3.42 percent. The 15-year FRM also moved down, dipping to 3.32 percent (0.6 point) from 3.38 percent in last week’s survey.

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Mortgage Rates Slip from Poor Q1 Growth

Short Sales

News of worse-than-expected first-quarter economic growth brought fixed mortgage rates down this week, according to market reports. In its weekly Primary Mortgage Market Survey,Freddie Mac recorded the average 30-year fixed rate at 4.29 percent (0.7 point) for the week ending May 1, down from 4.33 percent. Last year, the 30-year rate was down at 3.35 percent.

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Freddie Mac: Mortgage Rates Fall to 4.27 Percent

Short Sales

Per Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed rate mortgage (FRM) this week averaged a rate of 4.27 percent (0.7 point), down from 4.34 percent last week. A year ago, the 30-year FRM sat at 3.41 percent. At the same time, the 15-year FRM averaged 3.33 percent (0.6 point), down from an average 3.38 percent.

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