The Veterans Day holiday on Monday contributed to a quiet week for economic news. On Wednesday the reading for the federal budget deficit for October fell from September's reading of -$120 billion to -$92 billion. Freddie Mac Released Its Primary Mortgage Market Survey On Thursday The average mortgage rates increased across the … [Read more...] about What’s Ahead For Mortgage Rates This Week – November 18, 2013
Mortgage Rates
What’s Ahead For Mortgage Rates This Week – May 20, 2013
Last week was jam-packed with economic news; here are some highlights with emphasis on housing and mortgage related news: Monday: Retail sales for April increased to -0.1 percent from the March reading of -0.5 percent and also surpassed Wall Street's downward forecast of -0.6 percent. Retail sales are important to economic … [Read more...] about What’s Ahead For Mortgage Rates This Week – May 20, 2013
What’s Ahead For Mortgage Rates This Week – May 13, 2013
Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week's 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points. Average rates for a 15-year fixed rate mortgage rose from 2.56 percent to 2.61 percent with buyers paying their closing costs … [Read more...] about What’s Ahead For Mortgage Rates This Week – May 13, 2013
What’s Ahead For Mortgage Rates This Week – May 6, 2013
Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent. Average rates for a 5/1 adjustable rate mortgage (ARM) fell … [Read more...] about What’s Ahead For Mortgage Rates This Week – May 6, 2013
What’s Ahead For Mortgage Rates This Week – April 29, 2013
Mortgage rates fell again last week and are again near record lows. According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago. The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 … [Read more...] about What’s Ahead For Mortgage Rates This Week – April 29, 2013
What’s Ahead For Mortgage Rates This Week – April 22, 2013
Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week's 3.43 percent and 3.90 percent year-over-year. The average rate for a 15-year fixed rate mortgage was 2.64 percent as compared to last … [Read more...] about What’s Ahead For Mortgage Rates This Week – April 22, 2013
What’s Ahead For Mortgage Rates This Week – April 15, 2013
Mortgage rates saw little change last week amidst mixed economic news. Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday. The minutes indicated that some FOMC members supported ending the current quantitative easing (QE) … [Read more...] about What’s Ahead For Mortgage Rates This Week – April 15, 2013
What’s Ahead For Mortgage Rates This Week – April 8, 2013
Last week's economic news includes several factors that drove U.S. mortgage rates lower. The Bank of Japan announced that it would increase its purchase of bonds by $1.4 trillion over the next two years. This news caused yields on Japanese bonds to fall, which made U.S. bonds more appealing to international investors, that … [Read more...] about What’s Ahead For Mortgage Rates This Week – April 8, 2013
