Tag Archives: Bankrate

After a month of weekly increases, mortgage rates followed Treasury bond yields down this week. Freddie Mac reported that the 30-year fixed averaged 3.59 percent (0.6 point) for the week ending August 30, down from 3.66 percent in the previous week's survey. Bankrate's survey showed that the 30-year fixed average took a substantial tumble, falling to 3.80 percent from 3.91 percent before.

Freddie Mac released its Primary Mortgage Market Survey (PMMS) Thursday, showing that the 30-year fixed-rate mortgage (FRM) inched up to 3.62 percent (0.6 point) for the week ending August 16. The 30-year fixed averaged 3.59 percent the previous week. The 15-year FRM also increased, rising to 2.88 percent (0.6 point) from 2.84 percent previously.

Strong employment reports boosted mortgage rates back up for the second week in a row, Freddie Mac reported Thursday. The GSE's Primary Mortgage Market Survey show the 30-year fixed averaging 3.59 percent (0.6 point) for the week ending August 9, an increase from 3.55 percent the previous week. The 15-year fixed also posted gains, averaging 2.84 percent (0.6 point) for the week, up from 2.83 percent a week ago.

Freddie Mac announced Thursday that after more than three months of record-low drops, mortgage rates slid up this week. The GSE's Primary Mortgage Market Survey showed that the 30-year fixed-rate mortgage (FRM) averaged 3.55 percent (0.7 point) for the week ending August 2, up from 3.49 percent the previous week. The 15-year FRM also slid up, averaging 2.83 percent (0.6 point) from 2.80 percent last week.

In recent months, data from the Mortgage Bankers Association, Freddie Mac, Bankrate, and other firms has shown mortgage rates steadily falling, hitting new lows week after week in some measures. However, Capital Economics contends that there is actually little evidence to suggest that this activity is translating into heavier demand. While the Federal Reserve's Senior Loan Officer Survey reported rising demand for mortgage finance in the past three quarters, this increase in demand hasn't shown up in mortgage applications for home purchase, which have remained relatively flat.

Lingering worries about the European debt crisis continue to drive investors to U.S. government bonds, sending fixed mortgage rates down to another record low. According to Freddie Mac's Primary Mortgage Market Survey (PMMS), the 30-year fixed-rate mortgage (FRM) averaged 3.49 percent (0.7 point) for the week ending July 26, down from 3.53 percent the previous week. At the same time in 2011, the 30-year FRM averaged 4.55 percent.

The 30-year fixed averaged 3.56 percent (0.7 point) for the week ending July 12, down from 3.62 percent the previous week. At the same time in 2011, the 30-year fixed averaged 4.51 percent. This week marks the 16th straight week that the 30-year average has stayed below 4 percent. The 15-year fixed also fell, averaging 2.86 percent (0.7 point), a drop from 2.89 percent last week. A year ago, the 15-year fixed averaged 3.65 percent.

The search for a new low is still on as fixed-rates continue to break record-lows week after week. According to Freddie Mac's survey, fixed rates fell again following reports showing a slowdown in consumer spending and the manufacturing industry. The 30-year fixed-rate mortgage fell to 3.62 percent (0.8 point) for the week ending July 5. Last week, it averaged 3.66 percent. The 15-year fixed-rate dropped down to 2.89 percent (0.7 point) from last week's 2.94 percent.

Mortgage rates remained somewhat flat for the week ending June 28, according to Freddie Mac's Primary Mortgage Market Survey (PMMS). The 30-year fixed averaged 3.66 percent (0.7 point), staying level with the all-time low that was achieved the previous week. At this time in 2011, the 30-year fixed averaged 4.51 percent. The 15-year fixed averaged 2.94 percent (0.7 point), down slightly from 2.95 percent the previous week. This week's average matches the all-time low set in the first week of June 2012. At the same time last year, the 15-year fixed rate mortgage averaged 3.69 percent.

According to Freddie Mac's Primary Mortgage Market Survey (PMMS), average mortgage rates are easing, even in the face of troubling economic signs. The 30-year FRM averaged 3.66 (0.7 point) for the week ending June 21, down from 3.71 percent the previous week. At the same time in 2011, the 30-year FRM averaged 4.5 percent. The 15-year FRM averaged 2.95 percent (0.6 point), down from 2.98 percent in the last survey and a year-over-year drop from 3.69 percent. Adjustable rate mortgages (ARM) both slipped down, as well.