Category Archives: Interest Rates
Mortgage Rates Move Higher on Strong Jobs Report
Mortgage Rates Head Back Down
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 Rise A Bit
Mortgage Rates Continue Down
Mortgage Rates Decline Again
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
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.
Mortgage Rates End Year Near 2014 Lows
The Dec. 31 release of the results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) shows average fixed mortgage rates moving slightly higher this week but still near their 2014 lows. A year ago at this time, the 30-year fixed-rate mortgage (FRM) averaged 4.53 percent, and the 15-year FRM averaged 3.55 percent.