Freddie Mac: Mortgage rates increase amid strong jobs report

Freddie Mac: Mortgage rates increase amid strong jobs report

MCLEAN, VA–(Marketwired – Mar 12, 2015) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates moving higher amid a strong jobs report and bringing mortgage rates back to where they were at the start of 2015.The 30-year fixed-rate mortgage has averaged below 4 percent since the week ending November 13, 2014.

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Freddie Mac (OTCQB: FMCC) on Thursday, Feb. 12, 2015 released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed mortgage rates moving higher amid a strong employment report. Regardless, fixed-rate mortgages rates still remain near their May 23, 2013 lows.

Also included in the report was Freddie Mac’s notion that strong homebuilder confidence and lower mortgage rates will help housing starts and home sales recover from their slump in 2018.

Economists polled by Reuters expected the figure to tick up to increase to 5.03 million. separately, the Mortgage Bankers. of rising interest rates. On Mar. 6, gold plunged by more than $30 an.

The average rate for a 30-year fixed mortgage rose to 4.46 percent from 3.93 percent, the biggest one-week increase since 1987, McLean, Virginia-based Freddie Mac said in a statement. slow bond.

New home purchases decrease 18% In May, mortgage applications for new home purchases decreased by 6 percent relative to the. The seasonally adjusted estimate for May is a decrease of 3 percent from the April pace of 503,000 units.

Rates were down by 54 basis points from last year’s 3.90%. The average fee fell from 0.4 points to 0.3 points. According to Freddie Mac, while business sentiment continued to deteriorate, consumer.

Zillow: 30-year FRMs drop for second week in a row Home prices in lackluster markets return to 1997 levels NCI Building Systems: Ready To Raise The Roof By 30% – national real estate investor recently reported: "Speculative office construction-as a percentage of supply underway-is expected to be at the highest level it. or 2nd place market penetration. · Mortgages rates dropped for the second week in a row and just the third time this year. According to the latest data released Thursday by Freddie Mac, the 30-year.

Freddie Mac chief economist Frank Nothaft said “underwhelming” economic news was a factor in depressing rates. Home sales and job. report on industry performance. Strong sales of expensive homes.

Mortgage rates are around a two-year low, and Freddie Mac predicts they’ll stay that way through 2020. The mortgage-finance company recently revised its forecast for the average 30-year fixed-rate.

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Housing Bubble Update: Fed to Backstop Home Prices? Mortgage Rates Drop, Lumber Prices Plunge Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac. employment report would push.

During the last week of May, the 30-year fixed-rate mortgage dipped below 4.0% and has remained there amid concerns over trade disputes, a possible economic slowdown, and market anticipation of a Federal Reserve interest rate cut.

According to Freddie Mac. report noted that the average loan size was on a downward trend, suggesting that builders were favoring production of lower-priced homes. Strong labor market conditions,

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