Mortgage Rates Rise for Third Consecutive Week

Posted on February 26, 2015 by Inlanta Mortgage

Mortgage Rates Rise for Third Consecutive Week

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates moving higher amid solid housing data on new home sales and house price appreciation. Regardless, fixed rate mortgage rates still remain near their late May, 2013 lows.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.80 percent, up from last week when it averaged 3.76 percent. A year ago at this time, the 30-year FRM averaged 4.37 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.07 percent, up from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.39 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.99 percent, up from last week when it averaged 2.97 percent. A year ago, the 5-year ARM averaged 3.05 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.44 percent, down slightly from last week when it averaged 2.45 percent. At this time last year, the 1-year ARM averaged 2.52 percent.

Mortgage rates are on the rise. Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. 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 rose for the third consecutive week in February following solid housing data. New home sales [PDF] beat market expectations at an annual pace of 481,000 units, down slightly from 482,000 units in December, but up 5.3 percent from a year ago. Also, the S&P/Case-Shiller National House Price Index [PDF] rose 4.6 percent over the 12-months ending in December 2014.”

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.

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Inlanta Mortgage is a multi-state mortgage banker based out of Brookfield, Wisconsin NMLS #1016. Inlanta Mortgage was recently named a Top Mortgage Lender in 2013 as well as 2012 by Scotsman Guide. Inlanta was also recently named a Top Workplace in 2014 as well as in 2012. Inlanta has also been named one of the “Top 100 Mortgage Companies in America” in 2011, 2012 and 2013 and one of the 50 Best Companies to Work For by Mortgage Executive Magazine.

Mortgage Rates Rise for Second Consecutive Week

Posted on February 19, 2015 by Inlanta Mortgage

Mortgage Rates Move Higher on Strong Jobs Report

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgage rates still remain near their May 23, 2013 lows.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.76 percent, up from last week when it averaged 3.69 percent. A year ago at this time, the 30-year FRM averaged 4.33 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.05 percent, up from last week when it averaged 2.99 percent. A year ago at this time, the 15-year FRM averaged 3.35 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.97 percent, unchanged from last week. A year ago, the 5-year ARM averaged 3.08 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.45 percent, up from last week when it averaged 2.42 percent. At this time last year, the 1-year ARM averaged 2.57 percent.

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

“Mortgage rates rose for the second consecutive week as 10-year Treasury yields surged. Housing starts [PDF] declined 2 percent to a seasonally adjusted pace of 1.065 million units and housing permits dipped 0.7 percent in January. However, homebuilders remain confident about new home sales although slightly tempered from last month as the NAHB Housing Market Index slipped 2 points to 55 in February.”

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

Mortgage Rates Move Higher on Strong Jobs Report

Posted on February 12, 2015 by Inlanta Mortgage

Mortgage Rates Move Higher on Strong Jobs Report

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.69 percent, up from last week when it averaged 3.59 percent. A year ago at this time, the 30-year FRM averaged 4.28 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.99 percent, up from last week when it averaged 2.92 percent. A year ago at this time, the 15-year FRM averaged 3.33 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.97 percent, up from last week when it averaged 2.82 percent. A year ago, the 5-year ARM averaged 3.05 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.42 percent, up from last week when it averaged 2.39 percent. At this time last year, the 1-year ARM averaged 2.55 percent.

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

“Mortgage rates rose this week following strong economic data [PDF]. The economy added 257,000 new jobs in January after robust increases of 329,000 in December and 423,000 in November. The unemployment rate edged up to 5.7 percent last month from 5.6 percent in December. Average hourly earnings rose 0.5 percent, following a 0.2 percent decline in December.”

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About Inlanta Mortgage

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

Fixed Mortgage Rates Resume Downward Trajectory

Posted on February 5, 2015 by Inlanta Mortgage

Fixed Mortgage Rates Resume Downward Trajectory

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates, after ticking-up slightly last week, reversing course and falling amid weaker than expected housing and economic data. Fixed rate mortgage rates are once again back near their May 23, 2013 lows.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.59 percent, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.32 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.92 percent, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 3.40 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.82 percent, down from last week when it averaged 2.86 percent. A year ago, the 5-year ARM averaged 3.12 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.39 percent, up slightly from last week when it averaged 2.38 percent. At this time last year, the 1-year ARM averaged 2.55 percent.

Contact a licensed mortgage loan professional to take advantage of mortgage rates while they are still historically low. 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 this week following the release of weaker than expected pending home sales, which fell 3.7 percent in December. Moreover, real GDP growth for the fourth quarter was 2.6 percent and the Institute for Supply Management reported slower growth in manufacturing last month, both missing market consensus forecasts.”

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About Inlanta Mortgage

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

Mortgage Rates Tick Up

Posted on January 29, 2015 by Inlanta Mortgage

Mortgage Rates at New Lows in Early 2015

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates reversing course from the first weeks of the year to tick up slightly.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.66 percent, up from last week when it averaged 3.63 percent. A year ago at this time, the 30-year FRM averaged 4.32 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.98 percent, up from last week when it averaged 2.93 percent. A year ago at this time, the 15-year FRM averaged 3.40 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.86 percent, down from last week when it averaged 2.83 percent. A year ago, the 5-year ARM averaged 3.12 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.38 percent, up slightly from last week when it averaged 2.37 percent. At this time last year, the 1-year ARM averaged 2.55 percent.

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

“Mortgage rates ticked up this week for the first time in 2015 following positive home sales reports. New home sales [PDF] surged 11.6 percent in December beating market expectations. Likewise, existing home sales rose 2.4 percent to an annual rate of 5.04 million homes in December.”

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Our Mission Statement

About Inlanta Mortgage

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

Mortgage Rates at New Lows in Early 2015

Posted on January 22, 2015 by Inlanta Mortgage

Mortgage Rates at New Lows in Early 2015

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates falling again amid declining bond yields and oil prices. Averaging 3.63 percent, the 30-year fixed rate mortgage is at its lowest level since the week ending May 23, 2013 when it averaged 3.59 percent.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.63 percent, down from last week when it averaged 3.66 percent. A year ago at this time, the 30-year FRM averaged 4.39 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.93 percent, down from last week when it averaged 2.98 percent. A year ago at this time, the 15-year FRM averaged 3.44 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.83 percent, down from last week when it averaged 2.90 percent. A year ago, the 5-year ARM averaged 3.15 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.37 percent, unchanged from last week. At this time last year, the 1-year ARM averaged 2.54 percent.

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

“Mortgage rates continued to fall, albeit at a slower pace, with the 30-year fixed rate mortgage averaging 3.63 percent this week. Housing starts [PDF] picked up in December coming in at a seasonally adjusted 1.089 million unit pace and beating market expectations. Meanwhile, the drop in energy prices pushed the Producer [PDF] Price Index down 0.3 percent for December and the Consumer [PDF] Price Index fell 0.4 percent.”

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About Inlanta Mortgage

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

Mortgage Rates Decline for Third Consecutive Week

Posted on January 15, 2015 by Inlanta Mortgage

Mortgage Rates Decline for Third Consecutive Week

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates falling for the third consecutive week as bond yields continued to drop despite a strong employment report. Averaging 3.66 percent, the 30-year fixed rate mortgage is at its lowest level since the week ending May 23, 2013 when it averaged 3.59 percent. This also marks the first time the 15-year fixed rate mortgage has fallen below 3 percent since the week ending May 30, 2013.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.66 percent, down from last week when it averaged 3.73 percent. A year ago at this time, the 30-year FRM averaged 4.41 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 2.98 percent, down from last week when it averaged 3.05 percent. A year ago at this time, the 15-year FRM averaged 3.45 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.90 percent, down from last week when it averaged 2.98 percent. A year ago, the 5-year ARM averaged 3.10 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.37 percent, down from last week when it averaged 2.39 percent. At this time last year, the 1-year ARM averaged 2.56 percent.

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

“Mortgage rates fell for the third consecutive week as oil prices plummeted and long term treasury yields continued to drop despite a strong employment report. The economy exceeded expectations by adding 252,000 jobs in December which followed an upward revision of 50,000 jobs to the prior two months. The unemployment rate fell to 5.6 percent which was the lowest since June 2008.”

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About Inlanta Mortgage

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

Mortgage Rates Start the New Year at New Lows

Posted on January 8, 2015 by Inlanta Mortgage

Mortgage Rates Start the New Year at New Lows

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates starting 2015 by diving amid sliding bond yields to their lowest level since May 23, 2013, when the 30-year fixed averaged 3.59 percent.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.73 percent, down from last week when it averaged 3.87 percent. A year ago at this time, the 30-year FRM averaged 4.51 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.05 percent, down from last week when it averaged 3.15 percent. A year ago at this time, the 15-year FRM averaged 3.56 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 2.98 percent, down from last week when it averaged 3.01 percent. A year ago, the 5-year ARM averaged 3.15 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.39 percent, down slightly from last week when it averaged 2.40 percent. At this time last year, the 1-year ARM averaged 2.56 percent.

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

“Mortgage rates fell to begin the year as 10-year Treasury yields slid beneath 2 percent for the first time in three months. Meanwhile, the Fed minutes indicated ongoing discussion regarding the timing of the first rate hike. Of the few economic releases this week, ADP Research Institute reports the private sector added an estimated 241,000 jobs in December, which exceeded market expectations and followed an upward revision of 19,000 jobs in November.”

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About Inlanta Mortgage

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

Mortgage Rates End Year Near 2014 Lows

Posted on December 31, 2014 by Inlanta Mortgage

Mortgage Rates End Year Near 2014 Lows

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates move slightly higher this week, the average 30-year fixed-rate mortgage ends the year below four percent.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.87 percent, up from last week when it averaged 3.83 percent. A year ago at this time, the 30-year FRM averaged 4.53 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.15 percent, up from last week when it averaged 3.10 percent. A year ago at this time, the 15-year FRM averaged 3.55 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 3.01 percent, unchanged from last week. A year ago, the 5-year ARM averaged 3.05 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.40 percent, up slightly from last week when it averaged 2.39 percent. At this time last year, the 1-year ARM averaged 2.56 percent.

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

“While mortgage rates edged up this week, they remain near 2014 lows. Looking at full year data, the 30-year fixed-rate average for 2014 was 4.17 percent, the highest annual average since 2011. Also, the Conference Board reported that confidence among consumers rose in December and the S&P/Case-Shiller [PDF]® Seasonally-Adjusted National house price index rose 4.6 percent over the 12-months ending in October 2014.”

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About Inlanta Mortgage

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

Mortgage Rates Remain Near 2014 Lows

Posted on December 24, 2014 by Inlanta Mortgage

Mortgage Rates Remain Near 2014 Lows

Freddie Mac released the results of its Primary Mortgage Market Survey^® (PMMS^®) showing average fixed mortgage rates edging slightly higher while remaining near their 2014 lows amid mixed housing and economic news.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey^® (PMMS^®) average 30-year fixed rate mortgages averaged 3.83 percent, up from last week when it averaged 3.80 percent. A year ago at this time, the 30-year FRM averaged 4.48 percent.

15-Year Fixed Rate Mortgages

The average 15-year fixed rate mortgage averaged 3.10 percent, up slightly from last week when it averaged 3.09 percent. A year ago at this time, the 15-year FRM averaged 3.52 percent.

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged at 3.01 percent, up from last week when it averaged 2.95 percent. A year ago, the 5-year ARM averaged 3.00 percent.

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is at 2.39 percent, up from last week when it averaged 2.38 percent. At this time last year, the 1-year ARM averaged 2.56 percent.

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

“Mortgage rates were up slightly, following a week of mixed economic releases. Existing home sales were down 6.1 percent in November to annual rate of 4.93 million units, below economists’ expectations. New home sales [PDF] fell 1.6 percent last month to an annual rate of 438,000, also below expectations. Meanwhile, the third quarter real GDP was revised sharply higher to 5.0 percent according to the final estimate released by the Bureau of Economic Analysis.”

Want to Lock & Shop?

Our Mission Statement

About Inlanta Mortgage

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