Tag Archives: Freddie Mac

Mortgage Rates for the week of: August 20, 2012

Mortgage markets worsened for the third straight week last week as the U.S. economy showed new signs of expansion, and as little new news came from Europe. August has been a rough month for rate shoppers. Since the start of the month, mortgage rates in Boise have climbed steadily and are now at a 7-week […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

Mortgage Rates for the week of: August 13, 2012

Mortgage markets worsened last week as the investors moved back into risk-taking mode. Better-than-expected economic data in the U.S. plus a general feeling that the ongoing Eurozone issues will be soon be resolved (or lessened) contributed to a second straight week of rising mortgage rates. One such data point was the weekly Initial Jobless Claims […]

Posted in Mortgage Interest Rates | Also tagged , , , | Leave a comment

Mortgage Rates for the week of: May 29, 2012

Mortgage markets worsened slightly last week as demand for mortgage-backed bonds slacked. There was little surprise in U.S. economic data and the unfolding story lines of the Eurozone continued unabated. Mortgage rates in Boise, Idaho worsened slightly on the news, climbing for the first time in two weeks. The change was a small one, however, and […]

Posted in Mortgage Interest Rates | Also tagged , , , | Leave a comment

30-Year Fixed Rate Mortgage Rates Fall To 3.78% Nationwide

For the fifth consecutive week, conforming 30-year fixed rate mortgage rates have dropped to new all-time lows. According to this week’s Primary Mortgage Market Survey from Freddie Mac, “prime” mortgage applicants willing to pay 0.8 discount points plus closing costs can secure a mortgage rate of 3.78%, on average. This is a small improvement in […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

Mortgage Rates for the week of May 21, 2012

Mortgage bonds improved last week on lingering concerns for the European Union, plus weaker-than-expected economic data here at home. Global investors were net buyers of mortgage-backed securities last week, pushing mortgage rates lower nationwide. According to Freddie Mac’s mortgage rate survey, conforming 30-year fixed rate mortgage rates slipped to 3.79%, on average, last week for […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

Mortgage Rates Fall Again

For the second straight week, the 30-year fixed rate mortgage fell to a new, all-time low nationwide. According to Freddie Mac’s weekly mortgage rate survey, the average 30-year fixed rate mortgage rate dropped 1 basis point to 3.83% this week for borrowers willing to pay 0.7 discount points plus a full set of closing costs. […]

Posted in Home Price Index, Mortgage Interest Rates | Also tagged , , , , | Leave a comment

Mortgage Rates for the week of May 7, 2012

After two weeks of no change, mortgage markets improved last week, pushing mortgage rates lower in Boise and throughout Idaho. The majority of the improvements occurred Friday after the April jobs report failed to impress Wall Street, and after it became clear that the Eurozone’s struggles with sovereign debt would continue. According to Freddie Mac, […]

Posted in Mortgage Interest Rates | Also tagged , , | Leave a comment

Home Values Start The Year Strong

Home prices started the year on an upswing. According to the Federal Home Finance Agency’s Home Price Index, home prices rose by a seasonally-adjusted 0.3 percent between January and February 2012. The index is up 0.4% over the past year, offering a counter-story to the Case-Shiller Index’s assertion that home values are sinking. Last week, […]

Posted in Existing Home Sales, Home Price Index | Also tagged , , , | Leave a comment

Mortgage Rates for the week of: April 30, 2012

Mortgage markets were mostly unchanged last week for the second straight week. Spain made few moves to allay concerns from its investors, the Federal Reserve did little to change its message on the U.S. economy, and newly-released economic data was in-line with expectations. Conforming mortgage rates in Idaho idled last week, remaining near all-time lows […]

Posted in Mortgage Interest Rates | Also tagged , , , | Leave a comment

Mortgage Rates for the week of: April 23, 2012

Mortgage markets were mostly unchanged last week, breaking a three-week winning streak. Wall Street grappled with surprising demand on Spain’s debt issuance and a series of weaker-than-expected data points on U.S. housing. Conforming mortgage rates across Idaho rose slightly according to the weekly Freddie Mac Primary Mortgage Market Survey. Nationwide, the 30-year fixed rate mortgage […]

Posted in Existing Home Sales, Home Price Index, Mortgage Interest Rates | Also tagged , , , , , | Leave a comment