Mortgage Rates

Mortgage Rates Continue Upward Momentum

October 29th, 2021
The 30-year fixed-rate mortgage (FRM) averaged 3.14% for the week ending Oct. 28, according to the latest Primary Mortgage Market Survey® (PMMS®) from Freddie Mac. Declining COVID cases and improved consumer confidence, however, are keeping purchase demand strong despite increasing...

Mortgage Rates Continued Their Ascent Last Week

February 17th, 2022
Buckle up for 4% interest rates, because they may be coming soon. Freddie Mac released its latest Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) reached an average of 3.92%, for the week ending February 17, 2022....

As Expected, Fed Hits Brakes with 50-point Hike

May 4th, 2022
With little surprise, the Federal Reserve announced a larger rate hike Wednesday following their two-day meeting this week, accelerating the central bank’s efforts to curb rampant inflation and pull back from pandemic relief efforts. The 50-basis point increase is the...

Why You Should Lock in a Mortgage Rate Ahead of the Next Fed Meeting

November 1st, 2021
(TNS)—With the next Federal Reserve meeting set for Nov. 2-3, now is probably a good time to lock in a mortgage rate whether you’re planning a home purchase or a refinance in the near future. It’s likely that the (indirect)...

Mortgage Rates Decrease Slightly

February 25th, 2022
The 30-year fixed-rate mortgage (FRM) averaged 3.89% this week, according to Freddie Mac’s most recent Primary Mortgage Market Survey (PMMS) released Thursday. Key findings: 30-year fixed-rate mortgage averaged 3.89% with an average 0.8 point for the week ending February 24,...

Mortgage Rates Rise, Reaching Highest Point Since 2009

May 5th, 2022
The 30-year fixed-rate mortgage (FRM) averaged 5.27% this week, marking another increase from last week’s average of 5.10%, according to the Primary Mortgage Market Survey® (PMMS®) released by Freddie Mac Thursday. Key findings: 30-year fixed-rate mortgage averaged 5.27 percent with...

Year-End Outlook: Climbing Mortgage Rates Strain Buying Power in 2022

November 3rd, 2021
Editor’s Note: RISMedia’s Year-End Outlook series provides an in-depth analysis of the housing market’s leading indicators for economic health, and showcases expert insights on what’s to come in 2022.  Homeowners will likely look at the past year of mortgage rate...

It’s Official: Mortgage Rates Top 4%

March 17th, 2022
After months of speculation and weekly averages approaching the mark, the 30-year fixed-rate mortgage rates exceeded 4% for the first time since May of 2019, according to Freddie Mac’s weekly Primary Mortgage Market Survey. Buyer demand has slowed some, but...

Housing Sentiment Dips as Affordability Constraints Worsen

May 11th, 2022
The runup on home prices and mortgage rates continues to weigh on the minds of aspiring homebuyers as buyer sentiment took another dip in the last month, according to recent data from Fannie Mae. The organization’s Home Purchase Sentiment Index...

Most Metro Areas Saw Double-Digit, Home-Price Growth in Q3

November 10th, 2021
Median sales prices for existing, single-family properties increased in the third quarter of 2021, primarily driven by high homebuyer demand and persisting supply shortages, according to the latest quarterly report from the National Association of REALTORS®. The report also found...
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