According to Freddie Mac, mortgage rates have increased. A recent survey reported that mortgage lenders have been offering 30-year fixed-rate loans at an average of approximately 3.51% showing signs of a more stable economy. Consumer retail sales grew in April when many experts had forecasted a decline in retail sales and mortgage delinquencies continued to fall. Additionally, 15-year fixed-rate mortgages averaged 2.69% this week and according to a study from Mortgage Grader brokerage, closed home loans used for purchase only jumped 15% from January 2013. More here
Mortgage applications fell slightly last week from the previous week as home purchase filings and refinancing slowed down. According to the Mortgage Bankers Association, mortgage applications decreased by 7.3%, but experts suggest that many times after a boost in mortgage activity levels will drop slightly. Additionally, mortgage applications are still 10% higher than levels seen this time last year, proving that the housing market is still making strides toward recovery. Average 30-year fixed-rate mortgages with a conforming loan balance jumped .08% while the average 30-year fixed-rate mortgage with a jumbo loan balance increased .09% last week. More here
According to the Mortgage Bankers Association mortgage application rose 0.2% last week while the refinance index also jumped 0.3%. The refinance share of overall mortgage activity stayed the same from the previous two weeks at 75%. Additionally, average 30-year fixed-rate mortgages with a conforming loan balance fell 0.2%, and 30-year fixed-rate mortgages with a jumbo loan balance also decreased 0.2%. The 5/1 ARM jumped up .05% to end last week at 2.62%. More here
According to Freddie Mac’s Primary Mortgage Market Survey, U.S. fixed-rate mortgages continue to fall, aiding the housing market’s recovery. 30-year fixed-rate mortgages decreased to 3.43% last week, down .9% from the previous week. 15-year fixed-rate mortgages also fell .9% last week from the previous week averaging in at 3.43%. The chief economist and vice president of Freddie Mac said last week, “mortgage rates fell further this week following a lackluster employment report for March.” More here
Freddie Mac stated in the most recent Primary Mortgage Market Survey that fixed-mortgage rates decreased slightly last week, helping interest rates fall. 30-year fixed-rate mortgages hovered just under 4% over the last year and are expected to sustain the percentage going into spring 2013. 15-year fixed-rate mortgages spiraled downward as well dropping to 2.72%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage experienced no change while the 1-year Treasury-indexed ARM decreased to 2.63%, a .01% fall from the previous week. More here
According to Freddie Mac’s Primary Mortgage Market Survey, fixed-rate mortgages seem to show little to no change from last week. 30-year fixed-rate mortgages jumped 3.52% while 15-year fixed-rate mortgages measured in at 2.67%, unchanged from last week. The 5-year Treasury-indexed adjustable-rate mortgage this week averaged 2.63%, a 2.61% jump from last week. Meanwhile, property prices have shown growth. More here
Thirty-year, fixed-rate mortgages reached 3.35%, jumping .11% from last week. Additionally, fifteen-year fixed-rate mortgages increased to 2.8% from the previous week, ending January with a .10% elevation. Frank Nothaft, Freddie Mac’s vice president and chief economist said, “mortgage rates continued to trend upwards this week amid a growing economy led in part by the recovering housing market.” Both the 5-year Treasury-indexed ARM and the 1-year Treasury-indexed ARM grew from last week to end January on a positive note. More here
The housing market is staying strong as U.S home mortgage applications increase. According to The Mortgage Bankers Association the seasonally adjusted index of application activity grew 11.7 % last week. Refinancing applications increased to 12.1% and home loan requests jumped 9.6%. 30-year fixed rate mortgages climbed to an average of 3.61% last week, the highest level since the beginning of November and a .09% increase from the previous week. More here
According to Freddie Mac, last week’s 30-year fixed mortgages averaged around 3.34%, which is down from the previous week when it averaged 3.35%. 15-year fixed rate mortgages last week averaged 2.64%, 0.7% down from the previous week. The 5-year Treasury-index hybrid adjustable rate mortgage jumped 0.6 % while the 1-year treasury index averaged 2.57 percent last week increasing 0.4% from the previous week. More here
According to recent data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey, mortgage applications increased by 4.5% from the previous week. Also, the refinance share of mortgage activity grew to 83% opposed to last week’s 81%. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances of $417,500 or less, dropped to 3.52%, consistent with history’s lowest rate on the (MBA) Weekly Mortgage Applications Survey. The average contract interest rate for 30-year fixed-rate mortgages with loan balances greater than $417,500 rose to 3.79%, while the average contract interest rates for 30 and 15 year fixed-rate mortgages decreased to the lowest rate of the survey’s history. More here
