MDH Blog | The Marin Home Blog

Mortgage rates fell to the lowest level in decades for the ninth time in 10 weeks, as concerns grow that the economy is weakening.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.36 percent with an average 0.7 point for the week ending August 26, 2010, down from last week when it averaged 4.42 percent. That’s the lowest since Freddie Mac began tracking rates in 1971. Last year at this time, the 30-year FRM averaged 5.14 percent.

Rates have fallen since spring as investors shifted money into the safety of Treasury bonds, lowering their yield. Mortgage rates tend to track those yields.

Primary Mortgage Market Survey [Freddie Mac]

According to Freddie Mac, mortgage rates are at their lowest level in half-century.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.56 percent with an average 0.7 point for the week ending July 22, 2010, down from last week when it averaged 4.57 percent. Last year at this time, the 30-year FRM averaged 5.20 percent.

The decline in mortgage rates over the past few weeks echoes the recent signs of weakening confidence in the strength of the national economy. Fortunately, things are faring much better for the Marin housing market. Marin home prices have stabilized for the most part, and buyers are taking advantage of all-time record low rates.

Primary Mortgage Market Survey [Freddie Mac]

According to Freddie Mac Thursday, Mortgage rates are at their lowest level since the company began keeping records in 1971.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.69 percent with an average 0.7 point for the week ending June 24, 2010, down from last week when it averaged 4.75 percent. Last year at this time, the 30-year FRM averaged 5.42 percent.

Mortgages are cheaper today than they’ve been in a half-century. The last time they were any cheaper was the 1950s, when most loans lasted just 20 or 25 years.

Primary Mortgage Market Survey [Freddie Mac]

Mortgage rates drop to their lowest level of the year this week as yields on U.S. government securities fell, Freddie Mac said Thursday.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 point for the week ending May 27, 2010, down from last week when it averaged 4.84 percent. Last year at this time, the 30-year FRM averaged 4.91 percent. It has not been lower since December 3, 2009, when it averaged 4.71 percent.

Primary Mortgage Market Survey [Freddie Mac]

Mortgage rates down slightly this week, averaging about 5 percent.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year fixed-rate mortgage (FRM) averaged 5.06 percent with an average 0.7 point for the week ending April 29, 2010, down slightly from last week when it averaged 5.07 percent. Last year at this time, the 30-year FRM averaged 4.78 percent.

Mortgage rates on 30-year fixed loans have averaged about 5 percent over the first four months of this year, staying within a band of roughly a quarter percentage point and virtually matching 2009’s annual average.

Primary Mortgage Market Survey [Freddie Mac]