Mortgage Bankers Association

Mortgage Rates Bring Out Home Buyers

As the economy struggles, the real estate market struggles, which brings down mortgage rates, which is finally spurring housing activity. According to Freddie Mac’s Primary Mortgage Market Survey for the week ending April 5: *30-year fixed-rate mortgage (FRM): Averaged 3.98 percent, down from last week when it averaged 3.99 percent. Last year at this time, …

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Mortgage Rates Hit New Lows

Mortgage rates are starting the year off with a bang and have hit new record lows. That includes the 30-year fixed-rate mortgage, which fell below 4.0 percent last year for the first time on record dating back to 1971 and has remained there for the last six weeks. Freddie Mac released its Primary Mortgage Market …

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Mortgage Rates Climb Back Up

Wait. What? Fixed-rate mortgages rose sharply this week, despite the Fed’s big plan to keep them historically low. The 30-year fixed-rate mortgage (FRM) averaged 4.12 percent for the week ending October 13 after falling below 4 percent last week for the first time ever. The 15-year FRM increased as well, averaging 3.37 percent this week …

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