Tag Archives: Rates

Mortgage Rates Continue Trend of Record-Breaking Lows

Freddie Mac recently released the results of its Primary Mortgage Market Survey®, showing mortgage rates easing to new all-time record lows for all products covered in the survey helping to keep homebuyer affordability high. The average for the 30-year fixed…

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Mortgage Rates Predicted to Stay Below 5% in 2011

With 30-year fixed mortgage rates hitting their lowest level since the 1950s in November 2010 at 4.17 percent, rates had nowhere to go but up. And up they did, with marked of nearly a half percent in a matter of weeks. However, for the last week in D

Related posts:

  1. Mortgage Rates Edging Up
  2. 15 and 30 Year Mortgage Rates Hit New Lows
  3. Freddie Mac’s 5 Predictions for 2011 Housing Market

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15 and 30 Year Mortgage Rates Hit New Lows

Freddie Mac released its Primary Mortgage Market Survey this week. It found that both the 15-year fixed-rate and the 30-year fixed-rate mortgages hit new all-time lows. The 30-year loans averaged 4.17 percent with an average 0.8 point in early Novemb

Related posts:

  1. August sees average mortgage rates drop again
  2. Mortgage Delinquency Rates: ARMs vs. Fixed Rate
  3. Length of Foreclosure Process Increasing

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Mortgage Delinquency Rates: ARMs vs. Fixed Rate

Second quarter 2010 mortgage delinquency rates (loans at least one month behind in payment) are out from the Mortgage Bankers Association. While the number of foreclosures decreased, as compared to the first quarter of this year, the number of mortgage delinquencies continues to rise.

But what about the delinquency rates of ARMs vs. fixed rated mortgages? The gap between the two continues to be pretty wide. On fixed rate mortgages, delinquencies increased to 4.75 %. With adjustable rate mortgages, however,…

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Mortgage Rates Hit New Low, Are Buyers Responding?

RISMEDIA, August 3, 2010—(MCT)—The 4.5% fixed-rate mortgage is here, although more than 14 months late. That magic number, or a close approximation, was reached recently, when Freddie Mac reported a 30-year rate of 4.54%. The possibility first arose in early 2009, when the government began mass-purchasing mortgages from Fannie Mae and Freddie Mac to prop up housing. Just about everyone predicted the rates would hit what builders and real estate agents call a “sweet spot” in a few months, and…

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