Items Tagged with 'FRMs'

ARTICLES

  • Freddie Sees Weekly Rates Rise on Lower Unemployment

    Thirty-year fixed-rate mortgages (FRMs) averaged a 5.29% interest rate with an average 0.7 point for the week ending August 13, up from 5.22% last week but still well below 6.52% a year ago, according to the weekly survey by mortgage giant Freddie Mac [stock FRE][/stock]. The 15-year FRM also rose this week to an average 4.68% with an average 0.7 point, up from last week when it averaged 4.63% and far below 6.07% last year.
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  • Freddie Sees 30-Year FRM Rates Jump to 5.25%

    Mortgage interest rates followed bond yields on a slight uptick for the week ending July 30, according to mortgage giant Freddie Mac [stock FRE][/stock]. The 30-year fixed-rate mortgage (FRM) averaged 5.25% with a 0.7 point, up from 5.2% from last week and down from 6.52% this week last year. The 15-year FRM averaged 4.69% with a 0.7 point, slightly rising from 4.68% last week and dropping from 6.07% from a year ago this time.
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  • Mortgage Rates Fall

    Average rates for various types of mortgages fell over last week's data, according to a report released Thursday by Freddie Mac [stock FRE][/stock]. The government-sponsored entity reported only one rise. The rate of one-year Treasury-indexed ARMs rose to an average 5.15 percent from 5.12 percent last week. Although it was the only rate to show an increase, the one-year ARM rate also showed the largest year-over-year drop of 58 basis points.
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