Freddie Mac: Mortgage rates below 4% ten weeks straight
CHICAGO (MarketWatch) – Average rates on 30-year fixed-rate mortgages fell below 4% this week, averaging 3.94% to notch another record, according to Freddie Mac’s weekly survey of conforming.
NEWS SUMMARY – From Freddie Mac’s weekly survey, the average 30-year fixed loan matched its all-time record low of 3.91 and .8 point, down from last week’s 3.95 percent. The 15-year fixed.
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Rates for 30-year fixed mortgages have fallen below 4% in recent weeks for the first time since 2017. The volume of mortgage applications surged by 27% last week.. Purchase applications were up 10% over the span, and many. average maintained by the government mortgage giant freddie mac .
US equity markets ended a turbulent week to the downside for the second straight week. At 3.60% according to Freddie Mac, mortgage rates are a steep 134 basis points below their peak last.
In the end – interest rate pricing is very similar to where we started the week. 30 year fixed mortgage rates are starting at 4.125% and 15 year fixed mortgage rates are starting at 3.25%. interest rates have remained in a tight range for most of 2014 – and I expect that to continue this week with some possible rate improvement.
Eventual Fed MBS exit leaves open seat for new buyers GSEs lower expectations on housing market for 2014 GSEs lower expectations on housing market for 2014. Fannie, Freddie revise sales, construction forecasts downward. The government-sponsored enterprises are lowering their housing expectations.
Click to enlarge (Source: Freddie Mac) The 30-year fixed-rate mortgage averaged 3.85% for the week ending Oct. 1, down from last week when it averaged 3.86%.. mortgage rates below 4% ten weeks.
For the first time since January 2018, the 30-year fixed-rate mortgage has dropped below 4%. "While economic data points to continued strength, financial sentiment is weakening with the spread between the 10-year and the 3-month Treasury bill narrowing as fears of the impact of the trade war with China grow," says Sam Khater, Freddie Mac’s chief economist.
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NEW YORK (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages fell below 4% for the first time since January 2018 in step with declining U.S. bond yields due to growing trade tension between China and the United States, Freddie Mac said on Thursday. Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a.
Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.