25
Feb
By Amir Ahmadzadeh
Mortgage Rates , ,

What’s Ahead For Mortgage Rates This Week: February 25th, 2013

A quiet past week in economic news caused mortgage rates to worsen slightly. This week, however, will be packed with economic reports which may have an impact on interest rates going forward. Freddie Mac reported that the average rate for a 30-year fixed rate mortgage rose by 3 basis points from 3.53 percent to 3.56 percent with borrowers paying 0.8 in discount points and all of their closing costs. The average rate for a 15-year fixed rate mortgage was unchanged from last week at 2.77 percent with borrowers paying 0.8 in discount points and all of their closing costs. In…
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21
Sep
By Amir Ahmadzadeh
Mortgage Rates , ,

30-Year Fixed Rate Mortgage Drops To 3.49% — An All-Time Low

For the first time in 9 weeks, mortgage rates have made new lows. According to Freddie Mac's weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage rate fell 6 basis points to 3.49% this week, tying the all-time low set in late-July. The 15-year fixed rate mortgage also dropped, moving to 2.77%. This, too, marks an all-time low. The Federal Reserve's plan to pressure mortgage rates down may be working. However, depending on where you live, your access to these all-time rates may be limited. This is because the Freddie Mac "published rate" is a national average based on…
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31
Aug
By Amir Ahmadzadeh
Mortgage Rates , ,

Mortgage Rates Drop For The First Time In 4 Weeks

After 4 weeks of rising costs, Morgan Hill mortgage rates finally recede. According to Freddie Mac's weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage rate dropped 7 basis points to 3.59% this week. Depending on where you live, however, you may find that your offered mortgage rates varies. Freddie Mac's "published rate" is a national average based on a survey of more 125 banks. The rates you receive as an individual vary by bank, and vary by region.   Mortgage applicants in the North Central Region were most likely to get the lowest rates of all applicants nationwide last…
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17
Aug
By Amir Ahmadzadeh
Mortgage Rates , ,

Mortgage Rates Rise For Third Straight Week

Mortgage rates in Morgan Hill keep on rising. According to Freddie Mac's weekly Primary Mortgage Market Survey, for the third straight week, the 30-year fixed rate mortgage rate rose, this time tacking on 3 basis points on a week-over-week basis to 3.62%, on average, nationwide. The 3.62% mortgage rate is available to mortgage applicants willing to pay 0.6 discount points plus a full set of closing costs. Freddie Mac's published mortgage rates are compiled from a 125-bank survey. Looking back, it appears that national 30-year fixed rate mortgage rates bottomed at 3.49% in late-July. In the weeks leading up to…
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