Mortgage rates rose last week with average rates a 30-year fixed rate mortgage rising from last week’s 3.35 percent to 3.42 percent with buyers paying all closing costs and 0.7 percent in discount points.
Archive | mortgage rates RSS feed for this section
May 13, 2013
May 6, 2013
Mortgage rates fell last week and approached or reached record low levels. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage (FRM) fell from 3.40 percent to 3.35 percent. Average rates for a 15-year FRM moved from 2.61percent to 2.56 percent.
April 29, 2013
Mortgage rates fell again last week and are again near record lows.
According to Freddie Mac, the average rate for a 15-year fixed rate mortgage did achieve a record low of 2.61 percent as compared to 3.1 percent one year ago.
The average rate for a 30-year fixed rate mortgage fell to 3.40 percent and near the record low of 3.31 percent.
April 22, 2013
Mortgage rates fell for the third consecutive week. According to Freddie Mac, the average rate for a 30-year fixed rate mortgage fell by two basis points to 3.41 percent as compared to last week’s 3.43 percent and 3.90 percent year-over-year.
April 15, 2013
Mortgage rates saw little change last week amidst mixed economic news.
Treasury auctions held on Tuesday, Wednesday and Thursday saw weak demand; this could have been caused by the FOMC minutes that were released on Wednesday.
April 8, 2013
Last week’s economic news includes several factors that drove U.S. mortgage rates lower.
April 1, 2013
Mortgage rates fell last week as investor concerns over the European economy grew.
Fears of growing differences between wealthier European nations and European nations needing economic aid brought higher bond prices and lower mortgage rates.
March 18, 2013
Last week’s positive employment reports were good news for the economy, which typically causes mortgage rates to rise, but mortgage rates ended the week lower.
March 11, 2013
Mortgage rates and stock markets rose last week in response to a strong jobs report and lower national unemployment rate. The Dow Jones Index reached record levels last week.
March 6, 2013
Refinancing a mortgage is one of the best ways for St. Pete, Florida homeowners to save big money on their monthly mortgage payments and on the total amount that they end up paying by the time the mortgage is paid off. A refinance mortgage replaces a current mortgage by issuing a new loan to pay [...]