Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.94 percent.  “Mortgage rates slowed their upward trajectory this week,” said Sam Khater, Freddie Mac’s Chief Economist. “The 30-year fixed-rate mortgage continues to ...

Tagged with: mortgage rates

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 6.66 percent. “Mortgage rates decreased slightly this week due to ongoing economic uncertainty,” said Sam Khater, Freddie Mac’s Chief Economist. “However, rates ...

Tagged with: mortgage rates

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.89 percent.  “Mortgage rates rose again as markets continue to manage the prospect of more aggressive monetary policy due to elevated inflation,” ...

Tagged with: mortgage rates

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 5.66 percent.  “The market’s renewed perception of a more aggressive monetary policy stance has driven mortgage rates up to almost double what ...

Tagged with: mortgage rates

The Fannie Mae (OTCQB: FNMA) Home Purchase Sentiment Index® (HPSI) increased by 3.5 points to 75.3 in February, but affordability constraints continue to drive consumers’ perception of the housing market. Overall, five of the index’s six components increased month over month, including the ...

Tagged with: mortgage rates

A homebuyer would lose $23,250 in spending power with a mortgage rate of 3.25% versus a 2.75% rate, where they were sitting earlier this year, according to a report from Redfin (www.redfin.com). At a 3.25% interest rate, a homebuyer can ...

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  The 16-county Charlotte housing market continued its run of steady gains in both home sales and prices in February.  According to data from Canopy MLS, year-over-year home sales rose 3.6 percent with 3,144 homes sold in February 2020.  Compared ...

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Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.72 percent. “The combination of improved economic data and market sentiment has led to stability in mortgage ...

Tagged with: mortgage rates

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.60 percent. “Rates fell to the lowest level in three months and are about a quarter point above all-time ...

Tagged with: mortgage rates

Freddie Mac has released the results of its Primary Mortgage Market Survey® (PMMS®), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.68 percent, increasing slightly since last week. “Following a decline in the first nine months of 2019, mortgage rates ...

Tagged with: mortgage rates