Friday, December 24, 2010

Mortgage Rates

Mortgage rates fell slightly in the weekly survey by Freddie Mac, which confirms a pause in rate hikes in March that began in November.

Yesterday, Freddie Mac Primary Mortgage Market Survey Report provides unanimously - the three major weekly mortgage rate surveys show removing six to seven months he made a career highs last week.
But the decline in the survey by Freddie Mac was small enough to classify the types in this report to be stable. The average fixed rate loan for 30 years, the average rate for a loan 15 years fixed rate and the average interest rate on a 5-year arm fell 2 basis points all. The average 30-year fixed rose from 4.83% to 4.81%, reduced mean age 15 years from 4.17% to 4.15% and the 5-year ARM fell 3, 77% to 3.75% .
While lying to remain well above the minimum requirements of the case, even after the removal, said the chief economist at Freddie Mac, Frank Nothaft, they are still very reasonable. "The prices are low, but despite the recent growth and are still well below where it started the year levels. Bottom mortgages are an important factor in housing affordability, which was in October, the High history, after the National Association of Realtors. "Together with these symptoms, other statistics, including the stabilization of house prices and a rebound in housing starts, have slowly to improve the real estate market, he said.
Prices, particularly in the polls overnight
The gradual easing of interest rates has taken place throughout the week today in major investigations night, with rates or substantially stable or slightly below the day and a sharp drop of the week.
Prices on Thursday ended the day at Zillow.com national mortgage market, with amendments, on Wednesday of last week were: 30 years fixed rate, 4.68% (one point, -20 points), 15 fixed 4.03% (no change , -18 points), 5-year ARM, 3.26% (no change, -15 points). Today, the average real-time clock from 10 Eastern time, with changes in the morning yesterday and in the course of the day: 30 years fixed rate, 4.74% (5 points, 6 points) 15-year Fixed Rate, 4.07% (+ 4 points, 4 points), 5-year ARM, 3.43% (21 points, 17 points).
Today mortgage rates at Bankrate.com survey of night, it remained essentially unchanged from yesterday, compared to figures last week, prices fell in all areas and significantly reduced in all categories of fixed-income securities. today's prices with the changes of yesterday and last week, 30, 4.97% (one point, -10 points), 15-year fixed-rate, 4.29% (no change, -16 points), 5-year ARM , 3.84% (4 points, 4 points); refinance 30 years fixed rate loan, 4.94% (one point, -7 points).

Share/Bookmark