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]

Mortgage rates inched up slightly this week, but still below 5 percent.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year FRM averaged 4.99 percent with an average 0.6 point for the week ending March 25, 2010, up slightly from last week when it averaged 4.96 percent. Last year at this time, the 30-year FRM averaged 4.85 percent.

Economists at the Mortgage Bankers Association are forecasting that rates on 30-year FRM will climb to 5.8 percent during the final quarter of 2010, average 6.2 percent in 2011 and 6.4 percent in 2012.

Primary Mortgage Market Survey [Freddie Mac]

Rates for 30-year home loans rise to over 5-percent for the first time in weeks.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year FRM averaged 5.05 percent with an average 0.7 point for the week ending February 28, 2010, up from last week when it averaged 4.93 percent. Last year at this time, the 30-year FRM averaged 5.07 percent.

The approaching end of Federal Reserve purchases of Freddie Mac and Fannie Mae mortgage bonds is expected to result in rate increases later this year. The Mortgage Bankers Assn. estimates interest rate might rise by half a percentage point.

Primary Mortgage Market Survey [Freddie Mac]

Rates for 30-year home loans fell to a shade below 5 percent this week, but remained above last month’s record lows.

Freddie Mac today released the results of its Primary Mortgage Market Survey in which the 30-year FRM averaged 4.98 percent with an average 0.6 point for the week ending January 28, 2010, down slightly from last week when it averaged 4.99 percent. Last year at this time, the 30-year FRM averaged 5.10 percent.

Rates for 30-year loans had dropped to a record low of 4.71 percent in early December, pushed down by an aggressive government campaign to reduce consumers’ borrowing costs.

Primary Mortgage Market Survey [Freddie Mac]

Mortgage rates start the new year slightly lower than they ended the old year.

Freddie Mac released the results of their mortgage market survey today, and the 30-year fixed mortgage averaged 5.09 percent for the week ending January 7, 2010, down from last week when it averaged 5.14 percent. Last year at this time, the 30-year FRM averaged 5.01 percent.

Current interest rates for fixed-rate mortgages are just about at their annual average for 2009, while ARM rates are considerably below their averages for last year.

Primary Mortgage Market Survey [Freddie Mac]

Rates for 30-year home loans edged down for the third-straight week and are close to record lows reached over the spring.

Freddie Mac released the results of their mortgage market survey today, and the 30-year fixed mortgage averaged 5.05 percent during September 2009, compared with 5.19 percent in August. Last year at this time, the 30-year FRM averaged 6.09 percent.

This is the lowest monthly average since May, when rates averaged 4.85 percent. The all-time low of 4.78% was recorded the week of April 2. Freddie Mac’s survey dates back to 1971.

Primary Mortgage Market Survey [Freddie Mac]