Fixed Mortgage Rates Drop to Four Month Low

RISMEDIA, Monday, October 28, 2013 Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates hitting their lowest levels since this summer amid market speculation that the Federal Reserve will not alter its bond buying purchases this year. • The 30-year fixed-rate … Continue reading

Housing Prices Rise in Spite of Mortgage Rate Rise

The housing market is still gaining strength even in the face of recent home loan rate increases. Housing starts were up 5.9% annualized from June to July. Building permits, rose 2.7%,better than anticipated. National Association of Home Builders Housing Market Index rose in August to its best level in almost … Continue reading

The Housing Market Continues to Progress

Last week, CoreLogic reported that home prices across the U.S. rose by nearly 12 percent from June 2012 to June 2013. By comparison, home prices only rose 3.76 percent from June 2011 to June 2012. In addition, research and analytics firm Clear Capital said that prices rose 9.3 percent in … Continue reading

Housing market heats up — and it’s just getting started

An interesting article from CNBC about the national housing market. John W. Schoen | CNBC | July 30, 2013 at 3:02 PM ET If you tried to buy a home in Phoenix a year ago, you probably would have been able to land it for well under the asking price. Those … Continue reading

What Happens When Interest Rates Rise?

RISMEDIA, Saturday, June 22, 2013 Freddie Mac recently released its U.S. Economic and Housing Market Outlook for June showing the effects rising interest rates are having on certain markets around the country and the overall housing recovery. A short preview video and the complete June 2013 U.S. Economic and Housing … Continue reading

Mortgage Rates Move Lower Again, Near Record Lows

RISMEDIA, Saturday, April 20, 2013 Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates moving lower this week amid data showing weaker consumer spending. This marks the third consecutive week fixed-rate mortgages have moved lower as the housing market continues to … Continue reading

Freddie Says: Mortgage Rates Steady

RISMEDIA, Wednesday, March 13, 2013— Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely holding steady from the previous week, remaining near their 65-year record lows, and continuing to provide support for the housing recovery. Read more… More About Buying … Continue reading

Freddie Says: Mortgage Rates Steady

Freddie Mac recently released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates largely holding steady from the previous week, remaining near their 65-year record lows, and continuing to provide support for the housing recovery. Results showed that the 30-year fixed-rate mortgage (FRM) averaged 3.52 … Continue reading