Mortgage rates plummet to new lows

Freddie Mac just released the results of its Primary Mortgage Market Survey® (PMMS®), which showed fixed-rate mortgages declining for the seventh consecutive week to new lows amid continuing weak economic and housing data. The 30-year fixed averaged 4.55 percent and the 15-year averaged 3.74 percent. Last year at this time, the 30-year FRM averaged 4.79 percent, while the 15-year FRM.

according to new data from Freddie Mac reported in the Washington Post. Rates have been on a steady decline since November, when they topped out near 5 percent and pushed mortgage applications to a.

 · A home in Memorial Forest, where the median sales price is $1.07 million. As mortgage rates dip below 4 percent, falling to nearly two-year lows, homebuyers are likely to have lower monthly.

Mortgage Rates Drop Again to New Lows Freddie Mac’s Primary Mortgage Market Survey (PMMS) indicates average 30 year fixed rate mortgages dropped to another low of 4.19 percent with 0.7 points. This is a drop from last week’s 4.27 percent and below last year’s rate at the same time when average 30 year fixed rate mortgages were 4.87 percent.

Washington, D.C.-Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week.

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Another day, another low for mortgage rates. And, this time, it’s a global team effort. In Greece, leadership presented a plan to remain in the Eurozone that was met without enthusiasm. In China.

Sam Khater, Freddie Mac’s chief economist, says, “While the drop in. among mortgage rate offers. By shopping around and getting a single additional mortgage rate quote, a borrower can save an.

Mortgage Rates fell again this week. This is the ninth week in a row were rates have fallen. Last week mortgage rates were already at 50 year lows.

Yes, we are headed to a slowdown. If it gets bad, the mortgage rates will go into the 2s on a 30 year fixed. The way the experts thought it would go is not what has turned out.

Mortgage rates dropped noticeably today, as the underlying bond market benefited from overseas developments. The european central bank (ecb) is Europe’s counterpart to the Federal Reserve. Like the.

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