Mortgage Freddie Mac: Mortgage rates experience the highest weekly uptick since last October. This week, the 30-year fixed-rate mortgage averaged 3.73%. September 19, 2019 By Alcynna Lloyd.
MCLEAN, Va., Aug. 08, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing that the 30-year fixed-rate mortgage (FRM) rate averaged 3.60 percent, the lowest it has been since November 2016. Sam Khater, Freddie Mac’s chief economist, says, "There is a tug of war in the financial markets between weaker.
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the 30-year fixed-rate mortgage averaged 3.55% for the week ending August 22, 2019, down from last week’s rate of 3.6%. That’s almost a percentage point lower than its 2018 average of 4.53%. Freddie.
Mortgage Rates. FreddieMac does not issue mortgages to the general public. They are a mortgage backing firm. However, FreddieMac supports the Homes Possible Mortgage Program. Home Possible is a program that provides lenders a guaranteed way to provide low cost mortgages to people that may not qualify for a conventional mortgage.
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That makes the secondary mortgage market more liquid and helps lower the interest rates paid by homeowners and other mortgage borrowers. Fannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy.
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Sam Khater, Freddie Mac’s chief economist, says, "In this week’s survey, the 30-year fixed-rate mortgage jumped 19 basis points to 4.90 percent. Rates are now at their highest level since the week of April 14, 2011." Added Khater, "Rising rates paired with high and escalating home prices is putting downward pressure on purchase demand.
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Mortgage Freddie Mac: Mortgage rates retreat after highest one-week increase in nearly a year. This week, the 30-year fixed-rate mortgage averaged 3.64%. September 26, 2019 By Alcynna Lloyd.
MCLEAN, Va., Sept. 12, 2019 (GLOBE NEWSWIRE) — Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market (PMMS ), showing that the 30-year fixed-rate mortgage (frm) rate averaged 3.56 percent.While this is an increase from last week, this is the first time 30-year fixed mortgage rates have been under 3.6 percent over four consecutive weeks since the fourth.
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