Archive for the ‘Frm’ tag
New 2008 Highs for Mortgage Rates
Fixed-rate mortgages (FRMs) hit the highest levels of
2008 during the week ended July 24 according to Freddie Mac’s
Primary Mortgage Market Survey.
“Market concerns about rising inflation and the greater probability
that the Federal Reserve (Fed) will raise short-term rates this year all
combined to push mortgage rates higher this week,” said Frank
Nothaft, Freddie Mac vice president and chief economist…
Fed Report on Inflation Prompts Moderation in Interest Rates
Mortgage interest rates dropped slightly during the
week ended July 3 according to results of the Primary Mortgage Market
Survey released by Freddie Mac.
The 30-year fixed-rate mortgage (FRM) eased back from the 6.45 percent
with 0.6 point that it had averaged for the week ended July 26 to 6.35
percent also with 0.6 point.
Loan activity as measured by loan application volume
increased…
Mortgage Rates Continue to Set New 2008 Records, Applications Fall
Fixed-rate mortgage
interest increased again during the week ended June 19 according to
results from the Primary Mortgage Market Survey released by Freddie
Mac.
The 30-year fixed-rate mortgage (FRM) jumped from 6.32 percent to 6.42
percent with fees and points…