Freddie Mac Mortgage Rates Fall Two Weeks Straight

Dated: April 17 2014

Views: 343

Mortgage rates fell for the second week straight, hitting a six week low and assisting in homebuyer affordability during the spring home buying season.

According to the latest Freddie Mac Primary Mortgage Market Survey, the average 30-year, fixed-rate mortgage averaged 4.27% for the week ending April 17, down from 4.34% a week ago, but up from 3.41% a year earlier.

Furthermore, the 15-year FRM decreased to 3.33%, a fall from last week’s 3.38%, but significantly up from 2.64% for the same period in 2013.
The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.03% this week, down from 3.09% a week ago, but up from 2.60% last year. Read More Here...
cb
Blog author image

Mark Ross

For Mark Ross, founder of Ross NW Real Estate and professional real estate broker, real estate has always been the career of choice. During his 25+ years in the industry, Mark has gained experience in....

Latest Blog Posts

6 Home Upgrades That Cost Less Than 10K And Will Bring In Offers

Getting a home improvement project to pay off is notoriously tricky. There's no guarantee you'll recoup the money you pour into a bathroom remodel or an outdoor kitchen. Plus, the COVID-19 pandemic

Read More

Housing Starts Hit Highest Pace Since 2006

Single-family housing starts ended 2020 on a high note, rising 12% in December to a 1.338 million unit pace – the highest pace since 2006, according to the Census Bureau.That’s up 27.8% from one

Read More

Fannie Mae Increases 2021 Economic Growth Forecast

Fannie Mae‘s latest forecast projects economic growth to hit 5.3% in 2021, an increase of 0.8 percentage points from what the government-sponsored enterprise projected last month.The forecasted

Read More

Mortgage Underwriting Challenges In The Pandemic

In December, AmTrust Title Insurance Company announced the hiring of seasoned underwriter Mary Shelley as its midwest region agency underwriter. We took the opportunity to talk to Shelley, who has

Read More