Mortgage Rate Articles

Freddie Mac survey: Mortgage rates edge down yet again

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Mortgage Rates Fall Again PDF Version MCLEAN, Va., June 28, 2018 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB:FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing that mortgage rates declined over the past week and have now retreated in four of the past five weeks.

Mortgage rates have had a lot of ups and downs over the years. This week they had both, according to Freddie Mac’s latest weekly survey. In its report Thursday on what lenders are offering consumers with sterling credit, Freddie Mac said the average interest rate on a 30-year fixed home loan was up slightly while the 15-year loan, a favorite of home refinancers, declined just a bit.

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It’s Thursday, which means Freddie Mac released its weekly update on mortgage rates. This is typically not that big of a deal because mortgage rates don’t tend to move enough in the short term to.

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Opinions, estimates, forecasts and other views contained in this document are those of Freddie Mac’s Economic & Housing Research group, do not necessarily represent the views of Freddie Mac or its management, should not be construed as indicating Freddie Mac’s business prospects or expected results, and are subject to change without notice.

After falling slightly the week prior, fixed mortgage rates edged up again during the week ending March 13, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate for a 30-year fixed-rate mortgage (frm) was 4.37%, up about 0.6 percentage points from the previous week, when it averaged 4.28%.

Thirty-year mortgage rates have fallen to fresh lows for 10 out of the past 11 weeks. freddie mac started the survey in April 1971. Meanwhile, 15-year fixed-rate mortgages averaged 3.83 percent, down.

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