Average 30-year fixed mortgage rates reported by Freddie Mac have trended upwards 16 bps to 3.94% from 3.78% since the Fed began to reduce its balance sheet and the FOMC statement reiterated this commitment to balance sheet reduction. Global rates matter- and they are still low.
Fitch Downgrades National City, Wamu, Others on Home Equity Concerns Being heavily concentrated in mortgages and less diversified than other major banking entities, WaMu – along with Cleveland-based National City Corp. – faces above-average risk in the housing.
Week-over-week, it wouldn’t be unfair to claim that rates are slightly lower. Today’s average news coverage suggests the same due to the weekly release of Freddie Mac’s mortgage rate survey. All.
KEYWORDS Freddie Mac Housing mortgage rates Primary Mortgage Market Survey Mortgage rates reported little change for the week, with the average 30-year fixed mortgage rate staying just barely below 4%.
· Even still, rates are quite low. Freddie Mac puts the average mortgage rate for 30-year mortgages at 4.17% in February of this year, and banks aren’t likely to majorly hike that number immediately. Even with numbers beginning to climb, many homeowners are considering refinancing while the rates are still so low.
Interest rates on long-term mortgage loans dipped down by only 0.02 percent in the latest week, and rates on other loans saw relatively little change as well, according to mortgage finance company Freddie Mac Thursday.
Little change in mortgage rates April 29, 2010 | 9:01 am Mortgage interest rates were little changed this week, according to the latest Freddie Mac survey, which showed lenders were offering 30-year fixed-rate loans at an average of 5.06%, down from 5.07% a week before.
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Mortgage rates were back on the slide following the previous week’s 1 st rise in 7-weeks. In the week ending 27 th June, 30-year fixed rates fell by 11 basis points to 3.73% reversing a 2 basis.
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Mortgage buyer Freddie Mac said Thursday the average rate on the benchmark 30-year mortgage ticked up this week to 3.84% from 3.82% last week. By contrast, a year ago the rate stood at 4.57%.
· WASHINGTON – U.S. long-term mortgage rates moved little this week after the key 30-year loan rate marked its steepest weekly drop in a decade the week before.Mortgage buyer Freddie Mac.
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