Mortgage Rates Predictions


  • Mortgage Rates Fall for Sixth Time
    Mortgage rates fell for the sixth time in a row, with the thirty-year mortgage landing at the lowest level since April. According to Freddie Mac's weekly report, 30-year fixed-rate mortgages averaged 6.44% this week, down from 6.48% the week prior. This was the lowest level for 30-year fixed-rate mortgages since the first week in April, when rates averaged 6.43%. One year ago, the 30-year averaged 5.71%. "Mortgage rates continued to drift lower Read More...
  • Mortgage Applications Decrease
    The volume of mortgage applications decreased slightly last week. Mortgage applications fell as interest rates hit the highest point in four years, according to the Mortgage Bankers Association. The seasonally adjusted index of mortgage application activity for the week ending June 16 fell by 0.8% when compared to the week prior. The seasonally adjusted purchase mortgage index was up 0.1%, while the purchase index was substantially below last Read More...
  • Mortgage Rates Increase Slightly
    Mortgage rates increased slightly this week, after six straight weeks of declines. According to Freddie Mac's weekly survey, the 30-year, fixed-rate mortgage averaged 6.47% for the week ending September 7, up slightly from 6.44% the week prior. One year ago, the 30-year averaged 5.71%. Mortgage rates are expected to fluctuate in the upcoming months as new economic data is released, said Frank Nothaft, Freddie Mac vice president and cheif econom Read More...
  • How do Lenders Set the Rates on Mortgages?
    The simple answer to that is that lenders do not set the rates at all. All lenders do is approve and reject those who apply for the mortgage in the first place. The rates that mortgages go with are determined bit by the bank or financial institution but by the secondary market. This is the place where mortgage are bought and where they are sold. Two of the most famous mortgage investors are Fannie Mae and Freddie Mac and they were set up by the Read More...
  • Average Mortgage Rates Continue to Decline
    Average mortgage interest rates declined this week for the eight time in nine weeks, according to Freddie Mac's weekly report. The steady decline of interest rates comes as inflation pressures are easing. Many industry experts expect to see mortgage activity slightly increase in the near future. "A slowing housing market and signs that inflation is leveling off have helped to lower mortgage rates lately and keep them more affordable," said Fredd Read More...