Mortgage Rates Rebound Higher

Mortgage Rates Rebound
 

Fixed Mortgage Rates Rebound

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) today, showing average fixed mortgage rates moving higher for the first time in three weeks amid more positive economic data out of the manufacturing and non-manufacturing sectors.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) average 30-year fixed rate mortgages rose to 4.16 percent from 4.10 percent last week. A year ago at this time, the 30-year FRM averaged 3.40 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage rose to 3.27 percent from 3.20 percent last week. A year ago at this time, the 15-year FRM averaged 2.61 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) stayed at 2.96 percent. A year ago, the 5-year ARM averaged 2.73 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell to 2.61 percent from 2.64 last week. At this time last year, the 1-year ARM averaged 2.59 percent.

These low mortgage rates continue to assist with the housing market recovery. Contact a licensed mortgage loan professional to take advantage of low mortgage rates. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you. Ask an Inlanta Mortgage loan officer about our Lock & Shop program if you are worried about rising rates and want to lock in your mortgage rate now!

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

“Fixed mortgage rates rebounded slightly this week on more positive economic data releases. Production in the manufacturing industry expanded for the fifth month in a row in October to the strongest pace since April 2011. Similarly, the non-manufacturing sector grew for the second consecutive month in October and beat the market consensus forecast of a decline. These increases were widespread across the nation, from Chicago to Milwaukee to New York.”

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.

Want to Lock & Shop?

The Inlanta Lock & Shop is a loan program designed for home buyers who haven’t found a property but want to lock in while interest rates are historically low. This program is especially appealing to home buyers interested in locking in at mortgage rates that before they rebound any higher!

Our Mission Statement

Our mission is to be the home financing partner that you trust to serve your family, friends and community. Through our family of dedicated mortgage professionals our commitment is to deliver an exceptional experience. Our unwavering dedication to integrity, honesty and ethics is the foundation of all of our relationships.

About Inlanta Mortgage – Celebrating 20 Years

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. 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 was named a Top Mortgage Lender in 2012 by Scotsman Guide and has been listed on Mortgage Technology’s Top 25 Tech Savvy Lenders List for the last four years. Inlanta has also been named to the Milwaukee Business Journal’s “Top 25 Largest Milwaukee-Area Mortgage Banking Companies” and Mortgage Executive Magazine’s “Top 100 Mortgage Companies in America” in 2011 and 2012. In addition, Inlanta was named a “Fastest Growing Firm” by Milwaukee Business Journal in 2013 and a “Platinum Million Dollar Lender” by the USDA Rural Development Program.

Mortgage Rates Down

Mortgage Rates Near Record Lows
 

Freddie Mac released the results of its Primary Mortgage Market Survey® (PMMS®) yesterday, showing average fixed mortgage rates down following the Federal Reserve announcement that this will maintain bond buying stimulus helping to keep homebuyer affordability elevated. The average rate on the 30-year fixed mortgage is at its lowest level since the week ending July 25, 2013.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages fell to 4.32 percent from 4.50 percent last week. Last year at this time the 30-year FRM averaged 3.40 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage fell to 3.37 percent from 3.54 percent last week. Last year at this time, the 15-year FRM averaged 2.73 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) moved down to 3.07 percent from 3.11 percent last week. A year ago, the 5-year ARM averaged 2.71 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell to 2.63 percent from 2.65 percent. Last year at this time, the 1-year ARM averaged 2.60 percent.

These low mortgage rates continue to assist with the housing market recovery. Contact a licensed mortgage loan professional to take advantage of low mortgage rates. Find a loan officer near you or apply online for a mortgage loan and we will redirect your application to a qualified loan professional near you.

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

“Mortgage rates fell following the Federal Reserve announcement that it will maintain its bond buying stimulus. These low rates should somewhat offset the house price gains seen the last number of months and keep housing affordability elevated. For instance, the S&P/Case-Shiller® 20-city composite house price index rose 12.4 percent over the 12-months ending in July, which represented the largest annual increase since February 2006. In addition, more than half of the cities had annual growth exceeding 10 percent and four cities saw increases exceeding 20 percent.

“These increases in home values have also increased homeowner wealth. For example, homeowners experienced an aggregate $1.4 trillion increase in equity in their homes over the first half of this year which contributed to the overall $4.2 trillion gain in household net worth.”

Each Thursday, Freddie Mac releases the results of their Primary Mortgage Market Survey (PMMS). The results are based on a survey of lenders each week on the rates and points for their most popular mortgage products. The survey is collected from Monday through Wednesday and the average results are posted on Thursday. For up to the minute mortgage rate information, please contact a mortgage loan professional. For more information about the Primary Mortgage Market Survey, visit the Freddie Mac website.

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.

About Inlanta Mortgage – Celebrating 20 Years

Celebrating its 20th Anniversary, Inlanta Mortgage is a growing mortgage banking firm committed to quality mortgage lending, ethical operations and strong customer service.

Inlanta Mortgage offers Fannie Mae/Freddie Mac agency products, as well as a full suite of jumbo and portfolio programs. The company is an agency approved lender for Fannie Mae, FHA/VA, FHA 203K and USDA. 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 named to the Scotsman Guide Top Mortgage Lenders 2012 list and to be among the Top 100 Mortgage Banking Companies in America in 2012 and Fastest Growing Milwaukee-Area Firms.

Mortgage Rates Drop Again

Fixed Mortgage Rates Fall

30-Year Fixed Rate Mortgages

Average 30-year fixed rate mortgages eased this week amid worsening economic indicators including falling industrial production and falling consumer sentiment. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.66 percent for the week ending June 21, 2012 – down slightly last week when it averaged 3.71 percent. Last year at this time the 30-year FRM averaged 4.50 percent.

15-Year Fixed Rate Mortgages

The 15-year FRM also dropped slightly. The 15-year fixed rate mortgage averaged 2.95 percent for the week – down slightly from last week when it averaged 2.98 percent. Last year at this time, the 15-year FRM averaged 3.69 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.77 percent – down from last week when they averaged 2.80 percent. A year ago, the 5-year ARM averaged 3.25 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM average dropped to 2.74 percent from last week when it averaged 2.78 percent. Last year at this time, the 1-year ARM averaged 2.99 percent.

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:

“Treasury bond yields eased somewhat this week on some worsening economic indicators bringing mortgage rates back into record low territory. Industrial production fell in two of the last three months ending in May, and below the expected market consensus forecast. In addition, consumer sentiment fell in June to its lowest level this year, according to the University of Michigan survey. In its June 20th monetary policy announcement, the Federal Reserve also noted growth in employment has slowed in recent months and household spending appears to be rising at a somewhat slower pace.

“However, there were also some positive indicators on the housing market. Construction on one-family homes rose for the third consecutive month in May to an annualized pace of 516,000. Furthermore, homebuilder confidence rose in June to its highest reading in over five years.”

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 Drop Again

Fixed Mortgage Rates Fall

30-Year Fixed Rate Mortgages

Average 30-year fixed rate mortgages eased this week amid worsening economic indicators including falling industrial production and falling consumer sentiment. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.66 percent for the week ending June 21, 2012 – down slightly last week when it averaged 3.71 percent. Last year at this time the 30-year FRM averaged 4.50 percent.

15-Year Fixed Rate Mortgages

The 15-year FRM also dropped slightly. The 15-year fixed rate mortgage averaged 2.95 percent for the week – down slightly from last week when it averaged 2.98 percent. Last year at this time, the 15-year FRM averaged 3.69 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.77 percent – down from last week when they averaged 2.80 percent. A year ago, the 5-year ARM averaged 3.25 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM average dropped to 2.74 percent from last week when it averaged 2.78 percent. Last year at this time, the 1-year ARM averaged 2.99 percent.

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:

“Treasury bond yields eased somewhat this week on some worsening economic indicators bringing mortgage rates back into record low territory. Industrial production fell in two of the last three months ending in May, and below the expected market consensus forecast. In addition, consumer sentiment fell in June to its lowest level this year, according to the University of Michigan survey. In its June 20th monetary policy announcement, the Federal Reserve also noted growth in employment has slowed in recent months and household spending appears to be rising at a somewhat slower pace.

“However, there were also some positive indicators on the housing market. Construction on one-family homes rose for the third consecutive month in May to an annualized pace of 516,000. Furthermore, homebuilder confidence rose in June to its highest reading in over five years.”

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 Drop Again

Fixed Mortgage Rates Fall

30-Year Fixed Rate Mortgages

Average 30-year fixed rate mortgages eased this week amid worsening economic indicators including falling industrial production and falling consumer sentiment. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.66 percent for the week ending June 21, 2012 – down slightly last week when it averaged 3.71 percent. Last year at this time the 30-year FRM averaged 4.50 percent.

15-Year Fixed Rate Mortgages

The 15-year FRM also dropped slightly. The 15-year fixed rate mortgage averaged 2.95 percent for the week – down slightly from last week when it averaged 2.98 percent. Last year at this time, the 15-year FRM averaged 3.69 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.77 percent – down from last week when they averaged 2.80 percent. A year ago, the 5-year ARM averaged 3.25 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM average dropped to 2.74 percent from last week when it averaged 2.78 percent. Last year at this time, the 1-year ARM averaged 2.99 percent.

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:

“Treasury bond yields eased somewhat this week on some worsening economic indicators bringing mortgage rates back into record low territory. Industrial production fell in two of the last three months ending in May, and below the expected market consensus forecast. In addition, consumer sentiment fell in June to its lowest level this year, according to the University of Michigan survey. In its June 20th monetary policy announcement, the Federal Reserve also noted growth in employment has slowed in recent months and household spending appears to be rising at a somewhat slower pace.

“However, there were also some positive indicators on the housing market. Construction on one-family homes rose for the third consecutive month in May to an annualized pace of 516,000. Furthermore, homebuilder confidence rose in June to its highest reading in over five years.”

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 Fall Again

30 and 15-Year Mortgage Rates Hit New All-Time 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 3.79 percent for the week ending May 10, 2012 – down from last week when it averaged 3.83 percent. Last year at this time, the 30-year fixed rate mortgage averaged 4.61 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 3.04 percent for the week – down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.80 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent – down last week when it averaged 2.81 percent. Last year at this time, the five-year ARM averaged 3.48 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM is up to 2.78 percent from 2.73 percent last week.  At this time last year, the one-year ARM averaged 3.15 percent.

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

“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week.  For instance, industrial production rose 1.1 percent in April — the largest gain since December 2010 — and consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan.”

There is also good news in the home construction industry. Housing starts rose above the market consensus forecast and construction on single family homes increased to its strongest pace in three months. Homebuilder confidence also reached its highest level since January 2008 according to NAHB/Wells Fargo Housing Marketing Index.

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.

Mortgage Rates Fall Again

30 and 15-Year Mortgage Rates Hit New All-Time 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 3.79 percent for the week ending May 10, 2012 – down from last week when it averaged 3.83 percent. Last year at this time, the 30-year fixed rate mortgage averaged 4.61 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 3.04 percent for the week – down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.80 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent – down last week when it averaged 2.81 percent. Last year at this time, the five-year ARM averaged 3.48 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM is up to 2.78 percent from 2.73 percent last week.  At this time last year, the one-year ARM averaged 3.15 percent.

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

“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week.  For instance, industrial production rose 1.1 percent in April — the largest gain since December 2010 — and consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan.”

There is also good news in the home construction industry. Housing starts rose above the market consensus forecast and construction on single family homes increased to its strongest pace in three months. Homebuilder confidence also reached its highest level since January 2008 according to NAHB/Wells Fargo Housing Marketing Index.

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.

Mortgage Rates Fall Again

30 and 15-Year Mortgage Rates Hit New All-Time 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 3.79 percent for the week ending May 10, 2012 – down from last week when it averaged 3.83 percent. Last year at this time, the 30-year fixed rate mortgage averaged 4.61 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 3.04 percent for the week – down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.80 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.83 percent – down last week when it averaged 2.81 percent. Last year at this time, the five-year ARM averaged 3.48 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM is up to 2.78 percent from 2.73 percent last week.  At this time last year, the one-year ARM averaged 3.15 percent.

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

“The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week.  For instance, industrial production rose 1.1 percent in April — the largest gain since December 2010 — and consumer sentiment in May rose to its highest reading since January 2008, according to the University of Michigan.”

There is also good news in the home construction industry. Housing starts rose above the market consensus forecast and construction on single family homes increased to its strongest pace in three months. Homebuilder confidence also reached its highest level since January 2008 according to NAHB/Wells Fargo Housing Marketing Index.

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.

Mortgage Rates Hit New All-Time Lows!

30 and 15-Year Mortgage Rates Hit New All-Time Record Lows

30-Year Fixed Rate Mortgages

30-year fixed rate mortgages hit a new all-time record low again this week. According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.83 percent for the week ending May 10, 2012 – down slightly from last week when it averaged 3.84 percent. Last year at this time, the 30-year fixed rate mortgage averaged 4.63 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 3.05 percent for the week – down from last week when it averaged 3.07 percent. A year ago at this time, the 15-year FRM averaged 3.82 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.81 percent – down last week when it averaged 2.85 percent. Last year at this time, the five-year ARM averaged 3.41 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM is up to 2.73 percent from 2.70 percent last week.  At this time last year, the one-year ARM averaged 3.11 percent.

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

“Following April’s weaker than expected employment report, and the French and Greek election results raising concerns over the stability of the Euro currency zone, long-term Treasury bond yields declined allowing fixed mortgage rates to ease to new all-time record lows this week. The economy added just 115,000 jobs, below the market consensus forecast and less than in March. And although the unemployment rate declined, it reflected fewer people actively seeking jobs.”

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.

Mortgage Rates Hit New Record Lows!

30 and 15-Year Mortgage Rates Hit New All-Time Record Lows

30-Year Fixed Rate Mortgages

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 3.84 percent for the week ending May 3, 2012 – down from last week when it averaged 3.88 percent. The previous all-time record low of 3.87 percent was registered on February 9,  2012. Last year at this time, the 30-year fixed rate mortgage averaged 4.71 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 3.07 percent for the week – down from last week when it averaged 3.12 percent.  The previous all-time record low of 3.11 percent was set April 12, 2012. A year ago at this time, the 15-year FRM averaged 3.89 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) remained unchanged at 2.85 percent. Last year at this time, the five-year ARM averaged 3.47 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM is down to 2.70 percent from 2.74 percent last week.  At this time last year, the one-year ARM averaged 3.14 percent.

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

“Signs of slowing economic growth and inflation remaining subdued allowed yields on Treasury bonds to ease somewhat and brought most mortgage rates to new all-time record lows this week. Real Gross Domestic Product rose at an annualized rate of 2.2 percent in the first quarter of this year, down from the previous quarter of 3.0 percent and below the market consensus forecast of 2.5 percent. In addition, the 12-month growth in the core price index of personal consumption expenditures was 2.0 percent in March which matches the Federal Reserve’s implied inflation target.”

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.