Freddie Mac: Mortgage rates barely waver, move lower

Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average mortgage rates moving lower for the second consecutive week. 30-year fixed-rate mortgage (FRM) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.20 percent.

Can Housing Handle Higher Mortgage Rates? The 30-year, fixed-rate mortgage averaged 3.70%, slightly up from 3.69% a week ago, but down from 4.41% last year. The 15-year, fixed-rate mortgages marginally increased to 2.98%, up from 2.97% a.

Home prices fall, but inventory levels improve Home prices continued their seasonal increase in most of California’s largest metros in June 2019. Home prices rose compared to the prior month across most price tiers in Los Angeles, San Diego and San Francisco. This marginal rise followed the price decrease that took place from August 2018 through early 2019.

Freddie Mac: Mortgage rates barely waver, move lower . Mortgage rates remained stagnant after the federal open markets committee said that it would not raise the federal funds rate this month. As a result, rates barely moved for the week and dropped slightly lower.

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Current mortgage rates have moved lower for second straight week, according to the Freddie Mac Primary Mortgage Market Survey (PMMS). Here are the numbers: The average rate on a 30-year fixed rate mortgage moved lower by two basis points to 4.51% (0.5 points) The average rate on a 15-year fixed rate mortgage ticked lower by three basis points to 3.98% (0.5 points)

Freddie Mac says fixed mortgage rates still falling. Freddie Mac reports that fixed mortgage rates are moving slightly lower while continuing to remain near their all-time lows this week amid.

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Fannie Mae unveils new forbearance program for unemployed Fannie Mae has updated the requirements for its Unemployment Forbearance program, which allows borrowers to have their payments temporarily reduced or suspended in the event they become unemployed. The updated rules allow loan servicers to approve the use of the program without Fannie Mae’s approval.

Mortgage rates continued to drop this week, hitting their lowest levels since November 2016, according to Freddie Mac. 30-Year FRM 15-Year FRM 5/1-Year ARM Average Rates 3.55% 3.03% 3.32% Fees & Points 0.5 0.5 0.3 Margin N/A N/A 2.74 The 30-year fixed-rate mortgage averaged 3.55% for the week ending Aug 22, down from last week [.]

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Freddie Mac’s request for $1.8 billion to sustain its reserves. a robust debate that we hope will coalesce around the most important issue moving forward-ensuring mortgage liquidity during periods.