Mortgage Rates Push Lower

Mortgage Rates Near Record Lows
 

Mortgage rates edged down for the fifth consecutive week continuing to support the ongoing housing recovery. The average 30-year fixed rate mortgage rate is hovering near its all-time record low. The 15-year fixed rate mortgage set a new all-time record low this week at 2.56, eclipsing the record set last week.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages fell to 3.35 from 3.40 percent last week. Last year at this time the 30-year FRM averaged 3.84 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages fell to 2.56 percent from 2.61 last week. Last year at this time, the 15-year FRM averaged 3.07 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) dipped to 2.56 percent from 2.58 percent last week. A year ago, the 5-year ARM averaged 2.85 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM is down this week to 2.56 percent from 2.62 percent last week. Last year at this time, the 1-year ARM averaged 2.70 percent.

 

Low mortgage rates continue to assist with the housing market recovery. 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 eased somewhat following the release of the advance estimate of real GDP growth for the first quarter of the year, which rose 2.5 percent but fell short of the market consensus forecast. The latest GDP report confirmed that the housing sector has become an important contributor to the economic recovery. Residential fixed investment added to overall economic growth over the past eight consecutive quarters and contributed more than 0.3 percentage points in growth over the first three months of this year. Moreover, near record low mortgage rates should further drive the housing market recovery over the near term.”

 

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 is proudly celebrating twenty years in business. Learn more about Inlanta’s twenty year history here.

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 Hover Near Record Lows in 2013

Mortgage Rates Still Near Record Lows

Mortgage rates continue to hover near record lows as 2013 kicks off.

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages eased slightly for the week ending January 3, 2012. The average 30-year fixed rate mortgage fell slightly to 3.34 percent – from last week’s average of 3.35 percent. Last year at this time the 30-year FRM averaged 3.91 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages eased to 2.64 percent from 2.65 last week. Last year at this time, the 15-year FRM averaged 3.23 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) rose slightly to 2.71 percent – from last week when it averaged 2.70 percent. A year ago, the 5-year ARM averaged 2.86 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM rose to 2.57 percent from 2.56 last week. Last year at this time, the 1-year ARM averaged 2.80 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 started the year near record lows which should continue to aid the ongoing housing recovery. New home sales rose in November to a two-year high and were up 15.3 percent from the previous November. Similarly, pending sales on existing homes increased for the third month in November to the strongest pace since April 2010.”

 

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 Hit New Record Lows

Interest Rates Hit New Record Lows
 

30-Year Fixed Rate Mortgages

According to Freddie Mac’s Primary Mortgage Market Survey (PMMS) average 30-year fixed rate mortgages dropped significantly for the week ending November 15, 2012. The average 30-year fixed rate mortgage dropped to 3.34 percent – from last week’s average of 3.40 percent. Last year at this time the 30-year FRM averaged 4.00 percent.

 

15-Year Fixed Rate Mortgages

Average 15-year fixed rate mortgages decreased to 2.65 percent from last week when the average was 2.69 percent. Last year at this time, the 15-year FRM averaged 3.31 percent.

 

5-Year Adjustable Rate Mortgages

The average five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) rose slightly to 2.74 percent from 2.73 last week. A year ago, the 5-year ARM averaged 2.97 percent.

 

1-Year Adjustable Rate Mortgages

The average one-year Treasury-indexed ARM fell to 2.55 percent from 2.59 last week. Last year at this time, the 1-year ARM averaged 2.98 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:

 

“Fixed mortgage rates eased this week to record lows on indicators of higher consumer confidence and lower wholesale prices. Consumer sentiment rose in November to the highest reading since July 2007 according to the University of Michigan. Meanwhile, the core producer price index fell 0.2 percent in October.”

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 Continue Free Fall

Fixed Mortgage Rates Hit New Record Lows

Fixed Mortgage Rates Hit New Record Lows

30-Year Fixed Rate Mortgages

Average 30-year fixed rate mortgages hit a new record low for the week ending July 26, 2012. According to Freddie Mac’s Primary Mortgage Market Survey(PMMS) the 30-year fixed-rate mortgage (FRM) averaged 3.49 percent – down from last week when it averaged 3.53 percent. Last year at this time the 30-year FRM averaged 4.55 percent – a full percentage point higher than average rates for this week.


15-Year Fixed Rate Mortgages

The 15-year also dropped to a new record low. The 15-year fixed rate  mortgage averaged 2.80 percent for the week – down from 2.83 percent. Last year at this time, the 15-year  FRM averaged 3.66 percent.


5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) increased to 2.74 percent – up from last week when it averaged 2.69 percent.  A year ago, the 5-year ARM averaged 3.25 percent. 

1-Year Adjustable Rate Mortgages

The one-year Treasury-indexed ARM averaged 2.71 percent, up slightly from last week when it averaged 2.69 percent.  Last year at  this time, the 1-year ARM averaged 2.97 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:

“Market concerns over the strength of the economic recovery brought long-term Treasury yields to new lows this week allowing fixed mortgage rates to reach record levels. The Conference Board Leading Economic Index showed the largest monthly decline in June since September 2011. Existing home sales fell to 4.36 million homes (annualized) in June and represented the slowest pace since October 2011. Similarly, new home sales fell in June to their lowest level since January of this year.”

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 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 Hit New Record Lows

Fixed Mortgage Rates Hit New Record Low

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 3.67 percent for the week ending June 7, 2012 – down from last week when it averaged 3.75 percent. Last year at this time the 30-year FRM averaged 4.49 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 2.94 percent for the week – down from last week when it averaged 2.97 percent. Last year at this time, the 15-year FRM averaged 3.68 percent.

5-Year Adjustable Rate Mortgages

The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.84 percent – unchanged from last week. A year ago, the 1-year ARM averaged 3.28 percent.

1-Year Adjustable Rate Mortgages

Also this week, the one-year Treasury-indexed ARM average rose slightly to 2.79 percent from last week when it averaged 2.75 percent. Last year at this time, the 1-year ARM averaged 2.95 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.

“Fixed mortgage rates reached new record lows for the sixth consecutive week as long-term Treasury bond yields declined further following downwardly revised economic growth and job creation data. Gross domestic product rose 1.9 percent in the first quarter, after originally being reported as 2.2 percent, led by gains in inventories, more government cutbacks and the slowest increase in corporate profits in over three years. In addition, the economy added 69,000 jobs in May, less than half of the market consensus forecast and revisions subtracted a total of 49,000 workers in March and April. Lastly, the unemployment rate ticked up from 8.1 percent in April to 8.2 percent.”

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.

Time to Buy a Home

Now is the time to buy a house.

71% of Americans Think So

According to Fannie Mae’s National Housing Survey for April 2012, 71% of Americans believe now is a good time to buy – which most of us would probably agree is not really surprising. Historically low mortgage rates and rising rents support these survey results. In fact, Fannie Mae’s survey addresses rental price expectations and it turns out that 49% of survey respondents think that rental prices will go up. This is the highest recorded percentage in the last 12 months.

More consumers also think the U.S. economy is on the right path. The percentage of Americans who believe the economy is on the right track rose to 37 percent, a 2 point increase from the previous month and the highest level in the survey’s two-year history. To put this in perspective, in the August, September, October, and November of last year only 16% of respondents believed the economy to be on the right track.

While home prices are currently low, especially in distressed markets, 32% of respondents expect home prices to increase over the next 12 months. Americans also expect mortgage rates to rise in the next 12 months – which isn’t very surprising when you consider that the 30-year fixed rate mortgages hit a new all-time record low last week.

“Overall, consumer views of housing market conditions have become more supportive of home purchases,” said Doug Duncan, Fannie Mae chief economist.

Heard enough? Are you read to make the leap to home ownership? Contact a licensed mortgage loan professional today to take advantage of low mortgage rates and low home prices – before they both go up. Click here to find an Inlanta Mortgage professional near you.

Click here to read the Fannie Mae Monthly National Housing Survey in its entirety.

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.