For the 3rd week in a row mortgage rates increased. As the economy shows signs of growth the bond yields become less attractive to investors and as the bond yields have risen the mortgage rates have followed. Just last week mortgage rates hit a 3 month high and the mortgage rates continued on the upward […]
3 Month High for Average Mortgage Rates – Nov 28th
The national average mortgage rates have increased to a 3 month high. The 30 year fixed rate average has not been above 4.40% since August 19th, and the 15 year hasn’t seen this high of rates since mid September. Here is a look at where the rates are as of this past Friday. November 24, […]
Mortgage Rates Fall Again – November 11th
After a few weeks of fairly steady rates, mortgage rates have decided yet again they are not ready to stop setting record lows. Over the past week the average national mortgage rates have decreased across the board. According to Freddie Mac’s Primary Mortgage Market Survey, which takes the average rates offered by banks and lenders […]
National Mortgage Rates – November 4th
Mortgage Rates for November 4th have pretty much held steady. This weeks average rates according to the Primary Mortgage Market Survey from Freddie Mac are as follows. November 4, 2010 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM Average Rates 4.24 % 3.63 % 3.39 % 3.26 % Fees & Points 0.8 0.7 0.6 0.7 […]
Mortgage Rates Up 2 Weeks in a Row – Oct 28
According to the Freddie Mac Primary Mortgage Market Survey mortgage rates are up for the 2nd week in a row. October 28, 2010 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM Average Rates 4.23 % 3.66 % 3.41 % 3.30 % Fees & Points 0.8 0.7 0.6 0.7 Last week the 30 year rate was […]
Mortgage Rates Back Bounce Back Up a Little This Week – Oct 21st
Mortgage Rates decided to rebound a little this week, but by no means is this any indication that they will continue to rise. We have seen rates bump back up like this a few times in the past only to see them drop even more the following week. October 21, 2010 30-Yr FRM 15-Yr FRM […]
Mortgage Rates Just Keep Going Down Oct 14
Mortgage rates are continuing to go down down down. According to the Primary Mortgage Market Survey from Freddie Mac mortgage rates have dropped again. Rates have been steadily dropping for months. There have been a few times rates looked like they were going to head back up, like in mid September, but inevitably they reverse […]
Mortgage Rates Drop Again – New Record Oct 7th
According to the Primary Mortgage Market Survey from Freddie Mac the new average mortgage rates have yet again hit a new low. October 7, 2010 30-Yr FRM 15-Yr FRM 5/1-Yr ARM 1-Yr ARM Average Rates 4.27 % 3.72 % 3.47 % 3.40 % Fees & Points 0.8 0.7 0.6 0.7 This information is based on […]
Long Term Rate Locks? & Sept 24th Mortgage Update
The Freddie Mac Primary Mortgage Market Survey is showing average mortgage rates are unchanged from last week. This weeks rates are… 30-Yr Fixed – 4.37 % 15-Yr Fixed – 3.82 % 5/1-Yr ARM – 3.54 % There was one slight decrease for the 5/1 ARM. Last week it sat at 3.55% Old Article? See todays […]
Mortgage Rates are Up and Down – September 16th
For the second straight week the 30 year mortgage rates have moved up, but the 15 year and 5 year ARM have decreased slightly. Before we get into the speculation lets see the rates for this week. 30-Yr Fixed – 4.37 % 15-Yr Fixed – 3.82 % 5/1-Yr ARM – 3.55 % And compare those […]