Mortgage Activity Will Be Crushed By Rising Rates -Freddie Mac. Following the Taper Talk rate increases, single-family refinance mortgage originations declined 54 percent from 2013 to 2014. This time around, Freddie Mac anticipates a decline of 53 percent from 2016 to 2017. Total mortgage originations will equal $1.5 trillion in 2017, down from $1.7 trillion in the company’s October forecast.
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· Create an Alert. US 30 Year Mortgage Rate is at 4.59%, compared to 4.60% last week and 3.93% last year. This is lower than the long term average of 8.11%. Category: Interest Rates. Region: United States. Report: Primary Mortgage Market Survey. Source: Freddie Mac.
30-year fixed-rate mortgage (FRM) averaged 3.69 percent with an average 0.6 point for the week ending March 26, 2015, down from last week when it averaged 3.78 percent. A year ago at this time, the 30-year FRM averaged 4.40 percent.
"If the fed thinks rate cuts are going to send housing construction up like a rocket, they better think again." Housing.
· According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average climbed to its highest level since last March, rising to 4.22 percent with an average 0.5 point.
Freddie Mac said the average five-year, adjustable-rate mortgage increased to 3.77% this week from 3.60% a week earlier but is down from 4.37% a year ago. The average rate for a one-year, ARM rose.
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Mortgage rates climbed yet again after last week’s stronger-than-expected employment data upset markets, mortgage firm Freddie Mac reported Thursday.. Fifteen-year loan rates rose to 7.70.
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Freddie Mac said the 15-year fixed-rate mortgage averaged 4.51 percent in the latest week, up from 4.48 percent the prior week. One-year adjustable-rate mortgages, or ARMs, rose to an average of 4.
While mortgage rates rose for a 2nd consecutive week, they’re still well below November highs, supporting the real estate market. U.S Mortgages – Rates Rose for a 2nd Week, while Applications.
· Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages jumped to 4.60 percent this week from 4.54 percent last week. Long-term loan rates have been running at their highest levels in seven years. The average benchmark 30-year rate reached a high this year of 4.66 percent on May 24.
The national average interest rate on the benchmark 30-year, fixed-rate loan was down to 4.81% this week, compared with last week’s 4.83% and 5.05% one year ago, according to Freddie Mac’s.
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