Freddie Mac: Mortgage rates barely waver, move lower

Freddie Mac: Mortgage rates barely waver, move lower

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 · Freddie Mac: Mortgage Rates Move Lower in March 21st Report March 21, 2019 Company Press Release Freddie Mac released the results of its Primary Mortgage Market Survey ® (PMMS ® ), showing that mortgage rates dropped with the beginning of spring homebuying season.

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Current mortgage rates have moved lower for second straight week, according to the Freddie Mac Primary Mortgage Market Survey (PMMS). Here are the numbers: The average rate on a 30-year fixed rate mortgage moved lower by two basis points to 4.51% (0.5 points) The average rate on a 15-year fixed rate mortgage ticked lower by three basis points.

Mortgage rates have either fallen or remained flat for five consecutive weeks and purchase applicants are responding with an uptick in demand given these lower rates. While the housing market softened in response to higher rates through most of this year, the combination of a low unemployment and recent downdraft in rates should support home.

According to Freddie Mac’s latest Primary Mortgage Market Survey, the average U.S. mortgage rate moved lower for the second consecutive week in January 2017. Sean Becketti, chief economist of Freddie Mac said, "After absorbing a mixed December jobs report; the 10-year Treasury yield fell 8 basis points.

Freddie Mac announced that rates on fixed-rate mortgage loans fell to record lows, following the Federal Reserve’s announcement of a strategy shift designed to lower long-term rates, while keeping.

Freddie Mac FRE, +2.21% Chief Economist Frank Nothaft said "there are few compelling reason why mortgage rates should move higher." "In terms of the economy, retail sales, industrial production, and.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 2.98% this week, compared to 3.03% . . . Mortgage rates barely wavered after a recent upward trend.

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MCLEAN, VA–(Marketwired – Jan 12, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates moving lower for the second consecutive week. News Facts. 30-year fixed-rate mortgage (frm) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.

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