April 21, 2011 (Shirley Allen) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates across the board dropping for the first time after four consecutive weeks of increases, but notes that the housing market continues to struggle despite historically low interest rates. Read more...
April 21, 2011 (Shirley Allen) According to the data collected on April 20, 2010, for LendingTree’s Weekly Mortgage Rate Pulse, average home loan rates offered by network lenders was 5.00 percent (5.21% APR) for 30-year fixed mortgages, which is down from 5.11 percent from the previous week, 4.20 percent (4.54% APR) for 15-year fixed mortgages, [...]
April 20, 2011 (Chris Moore) The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications Survey for the week ending April15, 2011. The Market Composite Index, a measure of mortgage loan application volume, increased 5.3 percent on a seasonally adjusted basis from last week. The MBA attributes the jump in mortgage applications to an [...]
April 14, 2011 (Shirley Allen) Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), which shows mortgage rates slowly increasing for the fourth consecutive week, yet remaining below 5 percent moving into the traditional home buying season. Mortgage interest rates have remained below 5 percent for the last eight weeks. Read [...]