Is it OK to gatecrash a Realtor’s open house?

Is it OK to gatecrash a Realtor’s open house?

Yes, but only if you follow this Reddiquette

CoreLogic: Home prices rose 6.9% annually in August

Forecasts calls for 4.3% growth by August 2016

TRID pushes industry into digital mortgages

eMortgages are the obvious choice

15-Year Fixed Mortgage Rate Dips to Record Low, Says Freddie

Interest rates for 15-year fixed-rate mortgages (FRMs) and five-year adjustable-rate mortgages (ARMs) are at the lowest levels in the history of Freddie Mac’s (FRE) weekly mortgage rate survey. The 15-year FRM interest rate was 4.33% with an average 0.7 point, Freddie said. That’s down from 4.36% one week ago and 5.63% one year ago. It’s the lowest average rate for the 15-year FRM since Freddie Mac started tracking the product in 1991.’s index, which tracks large US banks and thrifts, put the 15-year FRM rate at 4.6%, down 4bps. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.35% with an average 0.5 point, Freddie said, down from last week’s average of 4.42%. It’s the lowest average rate Freddie has recorded since it began tracking the product in 2005. A year ago, the five-year ARM averaged 5.90%. put the five-year ARM average rate at 4.66%, down 3bps from the week prior. Long-term mortgage interest rates were also down this week in the two national surveys. The 30-year FRM averaged 4.87% with an average 0.7 point for the week ending Oct. 8, according to Freddie Mac’s weekly survey. That’s down from last week’s rate of 4.94% and last year’s rate of 5.94%. It’s the lowest the Freddie Mac survey has been since the week ending May 21, 2009, when the rate was 4.82%. “Compared to a year ago, consumers could shave almost $134 off their monthly mortgage payments on a 30-year fixed-rate loan for $200,000 by refinancing,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Such low rates are spurring mortgage demand.”’s mortgage index had the 30-year FRM at 5.22% with a 0.34 point, down 3bps from 5.25% one-week prior, marking the sixth straight week of declines. One year ago, the index was 6.2%; four weeks ago, it was 5.4%. Write to Austin Kilgore.

Recent Articles by Austin Kilgore

Comments powered by Disqus