Mortgage Rates Relatively Unchanged

Mortgage Rates Relatively Unchanged
 

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages increased slightly for the week ending October 25, 2012. The average 30-year fixed rate mortgage edged up to 3.41 percent – from last week’s average of 3.37 percent. Last year at this time the 30-year FRM averaged 4.10 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages also increased to 2.72 percent from last week when the average was 2.66 percent. Last year at this time, the 15-year FRM averaged 3.38 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) remained at 2.75 percent. A year ago, the 5-year ARM averaged 3.08 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell slightly to 2.59 percent from 2.60 last week. Last year at this time, the 1-year ARM averaged 2.90 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

 

“Mortgage rates remained relatively unchanged this week and should continue to support the housing market and mortgage refinance. Existing home sales in September eased slightly to 4.75 million but was the second strongest annualized pace since May 2010. Moreover, new home sales rose to the most since April 2010. In addition, low rates and strong demand have already pushed the FHFA purchase-only home price index in August to its highest level (seasonally adjusted) since June 2010. And not surprisingly, the Federal Reserve in its October 24th monetary policy announcement acknowledged the further signs of improvement in the housing sector, albeit from a depressed level.”

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Rates Remain Near Record Lows

Mortgage Rates
 

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages remained near all-time record lows for the week ending October 11, 2012.  The average 30-year fixed rate mortgage edged up slightly to 3.39 percent – from last week’s average of 3.36 percent. Last year at this time the 30-year FRM averaged 4.12 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages also increased slightly to 2.70 percent from last week when the average was 2.69 percent. Last year at this time, the 15-year FRM averaged 3.37 percent.

 

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) rose slightly to 2.73 percent – from last week when it averaged 2.72 percent. A year ago, the 5-year ARM averaged 3.06 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM rose to 2.59 percent from 2.57 last week. Last year at this time, the 1-year ARM averaged 2.90 percent.

 

Contact a licensed mortgage loan professional to take advantage of these record low mortgage rates. Find a loan officer near you.

 

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

 

“Mortgage rates were little changed this holiday week following the employment report for September. Payroll employment increased by 114,000 workers, although manufacturing jobs dipped for the second month in a row. Employment in the prior two months was revised up 86,000 and the unemployment rate fell to 7.8 percent, marking the lowest rate since January 2009.”

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Fixed Mortgage Rates Move Higher Again

Fixed Mortgage Rates Increase for Third Straight Week

Fixed Mortgage Rates Increase for Third Straight Week

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending August 16, 2012, the 30-year fixed-rate mortgage (FRM) averaged 3.62 percent – up from last week when it averaged 3.59 percent. Last year at this time the 30-year FRM averaged 4.15 percent.

15-Year Fixed Rate Mortgages

The 15-year fixed rate mortgages also increased. The 15-year fixed rate  mortgage averaged 2.88 percent for the week – up slightly from 2.84 percent. Last year at this time, the 15-year FRM averaged 3.36 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) decreased to 2.76 percent – dropping slightly from last week when it averaged 2.77 percent.  A year ago, the 5-year ARM averaged 3.08 percent.

1-Year Adjustable Rate Mortgages

The one-year Treasury-indexed ARM averaged 2.69 percent, up from last week when it averaged 2.65 percent. Last year at  this time, the 1-year ARM averaged 2.86 percent.

Don’t miss out! Contact a licensed mortgage loan professional to take advantage of these historically low mortgage rates. Find an Inlanta Mortgage professional near you

Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac:

“The latest economic indicators point toward low inflation but gradually stronger economic activity which placed further upward pressure on long-term Treasury yields and, in turn, fixed mortgage rates. For example, inflation remains in check with 12-month growth in the core consumer price index falling for a second month to 2.1 percent in July. At the same time, industrial production rose 0.6 percent in July compared to a 0.1 percent increase in June and retail sales jumped 0.8 percent in July from a 0.7 percent decline in June.” 

Original Source: Freddie Mac Interest rates listed above are national averages as reported by Freddie Mac. Individual interest rates are dependent upon credit approval and may include points. Average mortgage points are also reported in Freddie Mac’s Primary Mortgage Market Survey. Other mortgage financing fees may apply. Contact your lender for detailed information.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products,  as well as a full suite of jumbo and portfolio programs. The company is  fully delegated HUD-FHA including FHA 203K, VA, and USDA approved.  Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

 

Mortgage Rates Fall Again

30 Year Fixed Rate Mortgage at New Record Lows

30-Year Fixed Rate Mortgages

Once again, 30-year fixed rate mortgages hit a new all-time record low. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.75 percent for the week ending May 31, 2012 – down from last week when it averaged 3.78 percent.

15-Year Fixed Rate Mortgages

The 15-year FRM also reached a new all-time record low. The 15-year fixed rate mortgage averaged 2.97 percent for the week – down from last week when it averaged 3.04 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.84 percent – up slightly from last week when it averaged 2.83 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM held steady at 2.75 percent last week.

Contact a licensed mortgage loan professional to take advantage of these historically low mortgage rates. Find an Inlanta Mortgage professional near you.

Original Source: Freddie Mac

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016. Inlanta Mortgage is proud to be a recent recipient of a 2012 Top Workplace Award.

Mortgage Rates

Mortgage Rates

30 Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.88% percent for the week ending April 26, 2012 – down (slightly) from last week when it averaged 3.90% percent. The 30-year fixed rate mortgage has been below 4% for all but one week in 2012.

15 Year Fixed Rate Mortgages

The 15-year FRM averaged 3.12 percent for the week – down (slightly) from last week when it averaged 3.13 percent. A year ago at this time, the 15-year FRM averaged 3.97 percent.

5-Year Adjustable-Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.85 percent for the week – up from last week when it averages 2.78 percent. Last year at this time, the five-year ARM averaged 3.51 percent. Also this week, the one-year Treasury-indexed ARM is down to 2.74 percent from 2.81 percent last week.  At this time last year, the one-year ARM averaged 3.15 percent.

Vice President and Chief Economist of Freddie Mac, Frank Nothaft was quoted as saying, “Fixed mortgage rates held near record lows this week as the markets waited for the Federal Reserve’s (Fed) April 25th monetary policy announcement following two days of deliberations. The Fed stated that it expects economic growth to remain moderate and then pick up gradually. In addition, it noted that labor market conditions have improved in recent months and it anticipates the unemployment rate will decline gradually.”

Nothaft also said, “The housing market has also shown some improvement as well. The Federal Housing Finance Agency’s purchase-only house price index rose at a monthly rate of 0.3 percent in February. Moreover, 12 out of 20 metropolitan areas experienced increases over the month, according to the S&P/Case-Shiller® 20-city indexes, led by a 2.1 percent gain in Phoenix. New home sales in March were stronger than the consensus market forecast and February’s sales were revised upwards to the strongest pace in almost two years. However, the Fed’s statement warned that despite some signs of improvement, the housing sector still remains depressed.”

Original Source: Freddie Mac

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is fully delegated HUD-FHA including FHA 203K, VA, and USDA approved. Inlanta Mortgage also offers numerous state bond agency programs. Review Inlanta’s mortgage loan programs here.

Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin. NMLS# 1016.