Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) results released January 31 show mortgage rates continuing to trend higher. This marks the first week the 30-year fixed-rate mortgage has averaged above 3.5 percent since September 13, 2012.
The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released January 24 show fixed mortgage rates moving higher from the previous week. The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012. But fixed-mortgage rates still remain highly affordable near their all-time record lows.
Freddie Mac’s Primary Mortgage Market Survey® results released Jan. 10 show fixed mortgage rates moving higher following December’s employment report. The 30-year fixed averaged 3.40 percent, its highest reading in eight weeks. The all-time record low for the average 30-year fixed was 3.31 percent set November 21, 2012.
2012’s last Primary Mortgage Market Survey® (PMMS®) results from Freddie Mac show average fixed mortgage rates finishing the year near record lows. This is helping to keep homebuyer affordability high. According to Frank Nothaft, Freddie Mac’s vice president and chief economist, “Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over the life of a $200,000 loan.”
Fixed mortgage rates remained virtually unchanged near their record lows from last week, according to the results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released on Nov. 29. The 30-year fixed-rate mortgage has averaged below 4.00 percent all but one week in 2012, while the 15-year fixed-rate mortgage has averaged below 3.00 percent since the last week in May.