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Interest Rates

Conflicting Reports Keep Interest Rates Level

Memphis posted this 1,368 Views

Nationwide, 30-year fixed-rate mortgages averaged 6.16%, for the week ending March 29, unchanged from last week's 6.16%.  Last year at this time, the 30-year FRM averaged 6.35%.  The average for the 15-year FRM this week is 5.86%, down from last week’s 5.90%.  One-year “T”ARMs were up at 5.43% and five-year “T”ARMs averaged 5.88% down from last week’s 5.91%. "Recent data releases sent conflicting signals about the direction of the h...

A Slight Drop in Interest Rates

Memphis posted this 1,157 Views

NEW ECONOMIC NEWS ALLOWS MORTGAGE RATES TO SLIP FOR SECOND WEEK IN A ROW Nationwide, 30-year fixed-rate mortgages averaged 6.18%, for the week ending March 1, down from last week's 6.22%.  Last year at this time, the 30-year FRM averaged 6.24%.  The average for the 15-year FRM this week is 5.92%, down from last week’s 5.97%.  One-year “T”ARMs were unchanged at 5.49% and five-year “T”ARMs averaged 5.93% down from last week’s 5.96%. &qu...

Interest Rates Increase, then retreat on Friday

Memphis posted this 1,187 Views

Nationwide, 30-year fixed-rate mortgages averaged 6.30%, for the week ending February 15, up from last week's 6.28%.  Last year at this time, the 30-year FRM averaged 6.28%.  The average for the 15-year FRM this week is 6.03%, up from last week’s 6.02%.  One-year “T”ARMs were up at 5.59% and five-year “T”ARMs averaged 5.95% down from last week’s 5.99%. "Mortgage interest rates exhibited little change in the past week according to ou...

Strong Economic News Pushes Rates Higher

Memphis posted this 1,022 Views

POSITIVE ECONOMIC NEWS PUSHES MORTGAGE RATES HIGHER: 30-Year Fixed Rate Mortgages Highest In Almost Four Months. Nationwide, 30-year fixed-rate mortgages averaged 6.28%, for the week ending February 8, down from last week's 6.34%.  Last year at this time, the 30-year FRM averaged 6.24%.  The average for the 15-year FRM this week is 6.02%, down from last week’s 6.06%.  One-year “T”ARMs were up at 5.59% and five-year “T”ARMs averaged 5.99% down f...

POSITIVE ECONOMIC NEWS

Memphis posted this 1,121 Views

POSITIVE ECONOMIC NEWS PUSHES MORTGAGE RATES HIGHER   30-Year Fixed Rate Mortgages Highest In Almost Four Months Nationwide, 30-year fixed-rate mortgages averaged 6.34%, for the week ending February 1, up from last week's 6.25%.  Last year at this time, the 30-year FRM averaged 6.23%.  The 30-year FRM has not been higher since the week ending October 26, 2006, when it was 6.40 percent.  The average for the 15-year FRM this week is 6.06%, up from last week’s ...

Rates Again Move Up Slightly

Memphis posted this 1,068 Views

       Memphis Interest Rates  |  Memphis Mortgage Rates Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.25 percent with an average 0.4 point for the week ending January 25, 2007, up from the prior week when it averaged 6.23 percent. Last year at this time, the 30-year FRM averaged 6.12 percent.        The 15-year FRM this week averaged 5.98 percent with an averag...

Interest Rates going lower!?!?!?

Memphis posted this 1,235 Views

      Freddie Mac's Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.11 percent with an average 0.5 point for the week ending December 7, 2006, down again from the previous week when it averaged 6.14 percent. Last year at this time, the 30-year FRM averaged 6.32 percent. This is the lowest the 30-year FRM has been since the week ending January 19, 2006, when it averaged 6.10 percent.        ...