Category Archives: Mortgage Rates
← Older postsMortgage Rates Set Fresh 2011 Low After Jobs Report
June 10, 2011With employers adding far fewer private-sector jobs than anticipated, the latest Freddie Mac data show home loan rates fell for an eighth consecutive week to a new low for the year. The 30-year fixed mortgage averaged 4.49 percent, down from … Continue reading
Fixed-rate mortgages dip even lower to 4.32 percent
September 2, 2010Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), and for yet another week, fixed-rate mortgages reached record lows, as did the five-year adjustable rate in this survey. The 30-year fixed-rate survey began in 1971, the 15-year … Continue reading
Steady Low Rates Drive Refi Activity
August 20, 2010Rates hovering near historic lows spurred refinance application activity to its highest level in 15 months, the Mortgage Bankers Association reported in its Weekly Mortgage Applications Survey for the week ending August 13. The Market Composite Index, driven by refinancings, … Continue reading
Mortgage Rate Falls Under 4.5 Percent
August 6, 2010Mortgage Rate Falls Under 4.5 Percent Freddie Mac reports that long-term mortgage rates moved south again this week. Interest on 30-year fixed loans hit a new low of 4.49 percent, compared to 4.54 percent last week and 5.22 percent a … Continue reading
Freddie Mac: Mortgage rates fall to new lows
July 22, 2010Long-term mortgage rates fell again this week, with both 30-year and 15-year fixed-rate mortgages at the lowest levels since McLean, Va.-based Freddie Mac began keeping track. The average rate on a 30-year fixed-rate mortgage in the week ending July 22 … Continue reading
Rates are even lower and tax credits may be extended
July 1, 2010It’s a busy week in the news for potential homebuyers. First, both 15-year and 30-year loans hit record lows for the second week in a row. Second, as Reuters reports, the tax credit extension has passed a key hurdle: The … Continue reading
FHA: Reverse mortgage support is crucial
May 4, 2010Reverse mortgage programs operated by Housing and Urban Development (HUD) require help to continue, the Federal Housing Authority (FHA) told a House subcommittee recently, Reverse Mortgage Daily reports. In testimony, an FHA assistant secretary said that, without support, HUD will … Continue reading
Home loans: Many leap without looking
April 29, 2010As buyers rush to take advantage of the homebuyer tax credit, an important fact is being highlighted: Moving too quickly can be costly. You may race to get the tax credit but end up losing more than that in a … Continue reading
Mortgages are available despite confusing news
March 15, 2010We’re watching a slew of housing news from around the country and seeing mixed outlooks. National Mortgage News Online reports (here; subscription required) that housing starts were up slightly nationally, pointing to increased stability. In places like Southern California, where … Continue reading
Home buyers can save today by not trying to "time the market"
March 4, 2010Though the jury’s out on where we stand in terms of an overall economic recovery, mortgage rates remain historically low and tax incentives remain intact. There’s arguably never been a better time to purchase a home. That being said, here … Continue reading
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Greg Frost's Corner
I recently attended the annual Mortgage Bankers Association lobbying day in D.C. with 5 of my industry colleagues from New Mexico. It was a very insightful experience.
It is apparent to me that there is a prevailing feeling in both the House and Senate, along with the Executive Branch, that our government should reduce [...]
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