Interest Rates

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 housing market," said Frank Nothaft , Freddie Mac vic... Read Full Post

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%. "Mortgage rates drifted lower this week largely on th... Read Full Post

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 our weekly Primary Mortgage Market Survey, as there wa... Read Full Post

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 from last week’s 6.04%. "News of moderate... Read Full Post

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 5.98%. One-year “T”ARMs were up at... Read Full Post

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 average 0.4 point, unchanged from the previous week when it also averaged 5.98 percent. A year ago,... Read Full Post

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. The 15-year FRM on Friday averaged 5.84 percent with an average 0.5 point, al... Read Full Post