Freddie Mac: Mortgage rates barely waver, move lower

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Freddie Mac says Mortgage Rates Barely Move. November 29, 2018 mortgage rates stabilized the last couple of months as interest rate sensitive sectors such as new auto and home sales softened the outlook for the economy.

MCLEAN, VA–(Marketwired – Jan 12, 2017) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average mortgage rates moving lower for the second consecutive week.News Facts. 30-year fixed-rate mortgage (frm) averaged 4.12 percent with an average 0.5 point for the week ending January 12, 2017, down from last week when it averaged 4.20.

Freddie Mac’s Mortgage Rate Survey Explained. Research Note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

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“This move by the Fed to increase short-term rates was expected, and we expect to see another increase from them before the end of the year,” says Sean Becketti, chief economist for Freddie Mac. He notes that 30-year fixed mortgage rates are still close to a seven-month low, “which is very good news for those potential homebuyers in the.

Adjustable-rate mortgages are loans that generally have lower interest rates. However, these interest rates can change periodically, causing monthly payments to fluctuate. The loan begins with a fixed interest rate but after a set period ends, interest rates become unpredictable and may go up or down based on the market.

Freddie Mac. The federal government later created the Federal Home Loan Mortgage Corporation (FHLMC)-aka Freddie Mac-in 1970 to further increase the availability of mortgages to home buyers. Freddie, also semi-privatized, serves as competition for Fannie Mae, and allows for mortgages to be bundled together and sold as investments on the.

Mortgage Rates Hit a New Low: Freddie Mac Mortgage Rates Just Barely Higher Today; Lower This Week Sep 26 2014, 4:17PM Mortgage rates rose just slightly today, but the move was so small that some lenders are unchanged or even a bit better.

“On the bright side, the HMI component measuring future sales expectations has been tracking upward all year, mortgage rates remain low, and house prices are affordable. These factors should spur the.

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