Building Momentum for Mortgage Rates

There is a building momentum in mortgage rates, with the average 30-year, fixed rate up for the second straight week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 30-year fixed increased to 4.6 percent, up from 4.54 percent the prior week. The average 15-year, fixed, meanwhile, rose to 4.08 percent, up from […]

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Mortgage rates leap to fourth highest level of the year

Mortgages rates rose for the second consecutive week, according to the latest Primary Mortgage Market Survey from Freddie Mac. 

Mortgage Rates Roused After Slipping for Weeks

Mortgage rates roused this week, with the average 30-year, fixed mortgage at a 4.54 percent rate, up from 4.52 percent the prior week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage rate was 4.02 percent, up from 4 percent the prior week, and the five-year, Treasury-indexed hybrid adjustable mortgage […]

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Rising interest rates worrying your clients? Tell them these 5 things

If you are working with clients who are on the fence about buying or listing a property, the rate increase could be a great motivator. Here are five facts about interest rate increases that may inspire clients to move.

Mortgage rates decline again after steady rise throughout the spring

Mortgage rates dipped for the fifth time in six weeks according mortgage giant Freddie Mac’s most recent Primary Mortgage Market Survey.

Report: Buying Is Eating Up More Income

A bigger piece of the pie. The average homeowner is forking over 17.1 percent of their income for their mortgage, an allocation that has grown from 15.9 percent in 2017, according to a recent report by Zillow. The increase is the second-most significant since the recession. Why the jump? “For the past few years, historically […]

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Again, Mortgage Rates Settle

For the fourth time in five weeks, mortgage rates have settled, with the average 30-year, fixed mortgage at 4.55 percent, a decline from 4.57 percent the prior week, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed mortgage was at a 4.04 percent rate, flat from the prior week, but the […]

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Prospective buyers aren’t afraid of rising mortgage rates: Redfin

Potential homebuyers aren’t being scared away by rising mortgage rates — even if they creep up over 5 percent for a 30-year mortgage — according to a new study from Redfin.

Buyers should take advantage of mortgage rate decline

Freddie Mac released its latest Primary Mortgage Market Survey results Thursday, which revealed that mortgage rates have dropped 0.2 percentage points.

Fed: Rates Increased for Second Time This Year

As predicted by all officials, the Fed raised rates for the second time in 2018—from 1.75 percent to 2 percent. The remainder of 2018 and 2019 may see more gradual hikes, with analysts predicting two more increases by year’s end in order to curb future inflation concerns following reports of a strong labor market and […]

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