Real Estate Blog

Before getting marked-up, mortgage rates are based on the price of mortgage bonds, a complex debt security that can be dramatically simplified in three bullet points: An investor buys for the bond for, say, $10,000 He collects regular interest payments on his $10,000 When the bond “matures”, he…

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What The Surprising Strength Of The U.S. Dollar Is Doing To Mortgage Rates

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.52 percent with an average 0.7 point for the week ending July 31, 2008, down from last week when it averaged 6.63 percent. Last year at this time, the 30-year FRM averaged 6.68 percent.

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Inflation Concerns Ease As Do Mortgage Rates

When it comes to today’s marketplace, take your pick: You can focus on the economy’s bright spots — mortgage rates and rising sales in scattered local markets — are tops on the list at the moment.

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Real Estate Outlook: Inflation to Lessen

The national economy keeps plodding along, but even that slow pace is better than what the experts predicted last year — that we’d be knee-deep into a serious recession by now.

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Real Estate Outlook: Inflation and Mortgage Rates

During the past few years the real estate market expanded at record levels, growth which in large measure was powered by interest rates at 6 percent and below. Freddie Mac announced last week that interest levels had hit 6.32 percent. This is a substantial increase and suggests emerging investor worries about inflation — just four weeks ago 30-year loans could be had for 6.01 percent plus fewer points.

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Is Inflation Back?

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.08 percent with an average 0.6 point for the week ending May 29, 2008, up from last week when it averaged 5.98 percent. Last year at this time, the 30-year FRM averaged 6.42 percent.

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Mortgage Rates Rise to 11-Week High on Inflation Jitters

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.03 percent with an average 0.3 point for the week ending April 24, 2008, up from last week when it averaged 5.88 percent. Last year at this time, the 30-year FRM averaged 6.16 percent.

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Inflation Jitters Push Mortgage Rates Up This Week

By Realty Times Staff
May 11, 2007

McLEAN, VA — Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.15 percent with an average 0.5 point for the week ending May 10, 2007, down slightly from last week when it averaged 6.16 percent. Last year at this time, the 30-year FRM averaged 6.58 percent.

The 15-year FRM this week averaged 5.87 percent with an average 0.5 point, unchanged from last week when it averaged 5.87 percent. A year ago, the 15-year FRM averaged 6.17 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 5.89 percent this week, with an average 0.6 point, up slightly from last week when it averaged 5.87 percent. A year ago, the 5-year ARM averaged 6.22 percent.

One-year Treasury-indexed ARMs averaged 5.48 percent this week with an average 0.7 point, up from last week when it averaged 5.42 percent. At this time last year, the 1-year ARM averaged 5.62 percent.

“Low employment growth in April — the slowest pace since November 2004 — and downward revisions to both February and March job growth tempered market concerns of future increases in the rate of inflation,” said Frank Nothaft, Freddie Mac vice president and chief economist. “As a result, mortgage rates were little changed this week.”

“Despite a slowdown in house price growth, borrowers continue to refinance their loans, extracting approximately $70.5 billion in cash from their home equity in the first quarter of 2007, down slightly from $77.0 billion in the fourth quarter of 2006. According to the Federal Reserve Board, homeowners had nearly $11 trillion in home equity at the end of 2006, an increase of 30 percent over the past three years.”

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Signs of Low Inflation Keep Long Term Mortgage Rates Steady