Adam Constantine on MLK Jr.’s impact on housing equality

During the interview, Constantine explains why the industry needs to focus on evoking intentional change rather than launching lackluster initiatives.

Navigating capacity concerns amidst record-high volumes

High loan volumes continues to loom large in the new year, making the “one-stop-shop” approach to the servicing and lending process even more appealing.

Amid record-high origination volumes, mortgage fraud risk is down

CoreLogic's recently released Mortgage Fraud Report is the industry standard for nationwide fraud monitoring and analysis. Read the findings here.

How student loan debt impact homeownership

Student loan expert Catalina Kaiyoorawongs shares her practical and tangible advice for people who feel overwhelmed by their student loan debt.

Mortgage

Freddie Mac: Mortgage rates barely nudge, stay below 4%

Little movement in the market

Mortgage rates barely moved from last week, with rates once again coming in below 4%, the latest Freddie Mac Primary Mortgage Market Survey found.  

Click to enlarge

Housing

(Source: Freddie Mac)

The 30-year, fixed-rate mortgage averaged 3.93% for the week ended Aug. 20, down from 3.94% a week ago. Last year, it sat at 4.10%.

The 15-year, fixed-rate mortgage averaged 3.15%, down from 3.17% a week prior and 3.23% a year ago.

In addition, the 5-year, Treasury-indexed hybrid adjustable-rate mortgage inched up from 2.93% a week ago to 2.94%. A year ago, the 5-year ARM averaged 2.95%.

The 1-year Treasury-indexed ARM averaged 2.62%, unchanged from last week. In 2014, the 1-year ARM averaged 2.38%.  

"There was little movement in financial markets this week as the 30-year fixed mortgage rate remained steady, dropping only 1 basis point to 3.93 percent,” said Sean Becketti, chief economist, Freddie Mac.

“Overall inflation grew an underwhelming 0.2 percent year-over-year in July, but core inflation remains steady at 1.8 percent keeping chances alive for a potential rate hike in September. Housing markets have responded positively to low mortgage rates — the 30-year fixed mortgage rate has been below four percent for five consecutive weeks,” he continued.

Bankrate reported that mortgage rates moved slightly higher, with the 30-year fixed increasing to 4.06%, up from 4.04%.

The 15-year, fixed jumped to 3.28%, up from 3.26% a week ago, while the 5/1 ARM hit 3.24%, up from 3.20% last week. 

Most Popular Articles

Prepare for the rise in mortgage rates

Economists offer their takes on how high mortgage rates will climb, how lenders will respond and what impact this will have on the housing market. HW+ Premium Content

Jan 18, 2021 By

Latest Articles

2020 ends with 3.4 million loans in delinquency

The final delinquency tally for December is in, with data revealing that by end of 2020, 1.54 million more mortgages were reported delinquent.

Jan 22, 2021 By
3d rendering of a row of luxury townhouses along a street

Log In

Forgot Password?

Don't have an account? Please