Items Tagged with 'Primary Market Survey'

ARTICLES

  • Freddie Mac: An uptick in consumer spending spurs growth in this week’s mortgage rates

    This week, the 30-year, fixed-rate mortgage averaged 3.81%
    This week, the 30-year, fixed-rate mortgage averaged 3.81%, moderately rising from last week’s 3.75%, according to the Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates.
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  • Freddie Mac: Mortgage rates stabilize as U.S. markets respond to improving economic conditions

    This week, the 30-year, fixed-rate mortgage averaged 3.75%
    This week, the 30-year, fixed-rate mortgage averaged 3.75%, holding steady from the previous week, according to the Freddie Mac Primary Mortgage Market Survey. Once again, the rate remains significantly lower than the same time period in 2018 when it averaged 4.52%. Freddie Mac Chief Economist Sam Khater said while rates have moderated, we’re still at near three-year lows, which is good news for buyers looking to purchase a home before school starts.
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  • Freddie Mac: Mortgage rates fall to 3-year low

    This week, the 30-year fixed-rate mortgage averaged 3.73%
    This week, the average U.S. rate for a 30-year fixed mortgage fell to a three-year low, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said while industrial and trade related economic data continues to dominate the news, the drop in mortgage rates over the last two months is already being felt in the housing market.
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  • Freddie Mac: Mortgage rates rise from two-year low

    The 30-year fixed-rate mortgage increases to 3.84%
    The average U.S. mortgage rate rose two basis points to 3.84%, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said while the continued drop in mortgage rates has paused, homebuyer demand is still strong.
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  • Mortgage rates stabilize at two-year low after the U.S. avoids a trade war with Mexico

    The 30-year fixed-rate mortgage holds steady at 3.82%
    This week, mortgage rates held at a two-year low after the U.S. government avoided a trade war with its neighbors to the south, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said easing trade tensions with Mexico have helped stabilize the nation's markets.
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  • Freddie Mac: Mortgage rates nearly hit a 2-year low

    The 30-year fixed-rate mortgage averaged 3.82% this week
    Mortgage rates continued to slide this week, signaling to homeowners that now might be good time to refinance, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said with rates dipping below 4%, there are over $2 trillion of outstanding conforming conventional mortgages eligible to be refinanced.
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  • Freddie Mac: Mortgage rates below 4% are a glimmer of hope in a rebounding market

    The 30-year fixed-rate mortgage averaged 3.99% this week
    As economic tension continues to mount, mortgage rates have dropped below 4% to the lowest level in more than a year, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said although financial sentiment is weakening, cheaper financing should give a boost to the housing market.
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  • Freddie Mac: Mortgage rates at one-year low after falling four consecutive weeks

    The 30-year fixed-rate mortgage averaged 4.06% this week
    Mortgage interest rates have fallen for the fourth week in a row, giving way to an uptick in purchase demand, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the mix of demand is skewing to the higher end as more affluent consumers are typically more responsive to declines in rates.
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  • Freddie Mac: Mortgage rates hold steady despite mounting economic tension

    The 30-year fixed-rate mortgage averaged 4.07% this week
    Despite mounting global economic tension, mortgage interest rates are holding steady, according to the latest Freddie Mac Primary Mortgage Market Survey. However, Freddie Mac Chief Economist Sam Khater said modestly weaker consumer spending and manufacturing data, along with continued jitters around trade policy, caused interest rates to decline throughout the yield curve.
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