Mortgage Rates Head Back Down

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Freddie Mac’s Feb. 5 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates, after ticking-up slightly last week, reversing course and falling amid weaker than expected housing and economic data. Fixed-rate mortgages rates are once again back near their May 23, 2013 lows.

Mortgage Rates Decline Again

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Freddie Mac’s January 15 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates falling again as bond yields continued to drop despite a strong employment report. The 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013, and this week marks the first time the 15-year fixed rate mortgage has fallen below 3 percent since the week ending May 30, 2013.

Mortgage Rates Start Year At New Lows

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Freddie Mac’s Jan. 8 release of the results of its Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates starting 2015 at their lowest level since May 2013, amid sliding bond yields. A year ago at this time, the 30-year fixed-rate mortgage (FRM) averaged 4.51 percent, and the 15-year FRM averaged 3.56 percent.