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In this webinar we’ll explore the long-term financial impacts of renegotiations, extensions and fallouts, plus basic guidelines to be viewed as a professional by your secondary marketing department

HousingWire Annual Virtual Summit

Sessions from HousingWire Annual 2021 are going to be virtually streamed on October 25. Register now for FREE to tune into what housing industry leaders had to say this year!

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Learn how to navigate the challenges in today’s market – for example, the need for ongoing, on-demand access to near-real-time data and the ability to access those data insights in a timely and accurate manner.

Steve Murray on new brokerage models, CFPB crackdowns

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Freddie Mac: Mortgage rates still lowest in recent memory [Chart]

But barely change from last week

Mortgage rates barely nudged in Freddie Mac’s latest Primary Mortgage Market Survey, with mortgage rates remaining near the lowest level of the year and the lowest level in nearly three years, as the chart below shows.

Click chart to enlarge


(Source Freddie Mac)

The 30-year fixed-rate mortgage averaged 3.59% for the week ending April 21, up from last week’s when they averaged 3.58%. A year ago at this time, the 30-year FRM averaged 3.65%.  

In addition, the 15-year FRM this week came in at 2.85%, down from last week when it averaged 2.86%. In 2015, the 15-year FRM averaged 2.92%. 

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.81% this week, falling from 2.84% a week prior. A year ago, the 5-year ARM averaged 2.84%.

“Volatility in financial markets subsided over the past week, allowing Treasury yields to stabilize. As a result, the 30-year mortgage rate was mostly flat, up only 1 basis point to 3.59%,” said Sean Becketti, chief economist, Freddie Mac.

“The release of March’s existing-home sales report, which shows monthly growth at 5.1%, suggests homebuyers are taking advantage of low mortgage rates as the spring homebuying season gets underway,” Becketti added. 

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