Tag: Interestrates

Posted on 01/10/2022

FYI - Mortgage Rates Higher Than at Any Point in 2021

Mortgage rates have taken a big leap at the start of the new year. In the first week of 2022, the 30-year fixed-rate mortgage jumped nearly 60 basis points higher than a year earlier, averaging 3.22% this week, Freddie Mac reports. “Mortgage rates increased during the first week of 2022 to the highest level since May 2020 and...

Interestrates

Inflation

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Posted on 01/27/2021

Relationship between Mortgage Rates vs Federal funds Rate

Interestrates

Mortgagerates

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Posted on 01/11/2021

Interest Rates on the Raise

Based on data compiled by Credible Operations, Inc., current mortgage refinance rates are trending up since last Friday. Average rates for all loan types spiked to 2.542%, while 30-year rates rose to 2.750%, a high not seen since December 3, 2020. 30-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 20-year fixed-rate refinance: 2.750%, Up from 2.625%, +0.125 15-year fixed-rate...

Posted on 09/01/2020

From HousingWire.com:“'Conventional refinance applications fell 11 percent and government refinance applications fell 6 percent, which pushed the total refinance index to its lowest weekly level since July,' said Joel Kan, MBA’s associate vice president of economic and industry forecasting.The refinance share of mortgage activity also fell to 62.6 percent last week from 64.6% the week before, according to the...

Posted on 02/24/2020

Home prices are on the rise, but interest rates are still low, making it a great time to buy a home. From HousingWire.com: In December, home prices climbed by 4% from the previous year, according to CoreLogic’s latest Home Price Forecast. The CoreLogic HPI projects future home price growth based on several economic variables and measures the number of...

Posted on 01/06/2020

We’re starting the year out on a low note, and that’s a good thing! According to the Freddie Mac Primary Mortgage Market Survey, the 30-year mortgage rate averaged 3.72 percent, which is lower than this week last year when the rate reach 4.51 percent. Sam Khater, Freddie Mac’s chief economist, attributes the stability in rates to improved economic data...

Posted on 10/28/2019

According to Freddie Mac's Primary Mortgage Market Survey, rates jumped from a previous low trend, but the general market sentiment is still favorable and optimistic.In the weekly Freddie Mac Primary Mortgage Market Survey, Freddie Mac's Chief Economist Sam Khater said, “...The housing market remains on the upswing with improvement in construction and home sales. While there has been a...

Posted on 10/24/2019

Mortgage rates increased for the third straight week — but still remain very low compared to a year ago. The 30-year fixed-rate mortgage averaged 3.75% during the week ending Oct. 24, up six basis points from the previous week, The 15-year fixed-rate mortgage increased three basis points to an average of 3.18%. The 5/1 adjustable-rate mortgage averaged 3.4%, up...

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Mortgagerates

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