Lunch & Learn: The State of Housing

As housing supply dwindles, affordability concerns grow while competition heats up the market. This Lunch & Learn will examine the current state of housing, featuring experts who have an eye on the market.

HousingWire Annual Virtual Summit

Join us on October 25 for a chance to see a handpicked selection of sessions from HousingWire Annual along with technology demos from the most innovative tech companies! Register now for FREE to experience HW Annual just like you were there.

How credit scores impact lenders’ pipelines in a purchase market

When a lender works with a borrower to improve their credit score, they are able to offer the most competitive rate and terms. Learn more here!

Volly’s Grant Moon on challenges facing veterans

In this episode of HousingNews, we are joined by Grant Moon who discusses the difficulties veterans face during the home-buying process and misconceptions about VA loans.

Mortgage

Freddie Mac: Mortgage rates at 21-month low

Economic factors push rates down

Average fixed mortgage rates moved lower for the first time in four weeks and remaining near late May, 2013 lows, according to the weekly Freddie Mac survey.

It seemed to have little impact on mortgage applications

The 30-year fixed-rate mortgage averaged 3.75% with an average 0.6 point for the week ending March 5, 2015, down from last week when it averaged 3.80%. A year ago at this time, the 30-year FRM averaged 4.28%. 

“Mortgage rates fell across the board, with the 30-year fixed rate mortgage reading 3.75% this week,” said Len Kiefer, deputy chief economist, Freddie Mac. “Real GDP growth for the fourth quarter was revised down to 2.2%. Consumer prices fell more than expected in January, tumbling 0.7%.”

The 15-year FRM this week averaged 3.03% with an average 0.6 point, down from last week when it averaged 3.07%. A year ago at this time, the 15-year FRM averaged 3.32%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.96% this week with an average 0.5 point, down from last week when it averaged 2.99%. A year ago, the 5-year ARM averaged 3.03%.

The 1-year Treasury-indexed ARM averaged 2.44% this week with an average 0.4 point, unchanged from last week. At this time last year, the 1-year ARM averaged 2.52%.  

 

 

3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please