What is a Fixed-Rate Mortgage?
Zolo
JANUARY 18, 2023
Learn all about fixed rate mortgages and whether this mortgage type is right for you. The post What is a Fixed-Rate Mortgage? appeared first on Zolo.
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Zolo
JANUARY 18, 2023
Learn all about fixed rate mortgages and whether this mortgage type is right for you. The post What is a Fixed-Rate Mortgage? appeared first on Zolo.
Housing Wire
DECEMBER 28, 2023
As we prepare to bid adieu to 2023, mortgage rates this week again stayed below seven percent. The 30-year fixed-rate mortgage averaged 6.61% as of Dec. 28, a slight decrease from the 6.67% rate recorded on Dec. 21 according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.
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Housing Wire
JANUARY 4, 2024
In the first week of 2024, mortgage rates continued to stick around the mid 6% mark. The 30-year fixed-rate mortgage averaged 6.62% as of Jan. 4, a slight increase from the 6.61% rate recorded on Dec. 28 , according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.
REM Online
OCTOBER 27, 2020
The original post can be found at the following URL: Fixed-rate mortgages favoured by first-timers; hybrid mortgage introduced. A recent survey by BMO says 57 per cent of homeowners are planning to opt for a fixed-rate mortgage.
Realtor.com
APRIL 30, 2021
Two of the main types of mortgages home buyers consider getting are a fixed-rate mortgage and an adjustable-rate mortgage, or ARM. In a nutshell, a fixed-rate mortgage has an interest rate that stays the same over the life of the loan. Fixed-rate mortgage.
Housing Wire
JUNE 2, 2021
The average contract interest rate for 15-year fixed-rate mortgages increased to 2.56% from 2.53% The average contract interest rate for 5/1 ARMs saw another week of dramatic fluctuation, increasing to 2.54% from 2.81%. The post Fewer people are submitting mortgage applications appeared first on HousingWire.
Housing Wire
NOVEMBER 2, 2023
Mortgage rates stabilized this week as the Federal Reserve decided to keep its rates unchanged Wednesday. However, mortgage rates still remain at a 23-year high. The 30-year fixed-rate mortgage averaged 7.76% as of Nov. 2, according to Freddie Mac ‘s Primary Mortgage Market Survey.
Housing Wire
SEPTEMBER 28, 2023
Just before noon on Thursday, they were Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.31% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.70% a year ago at this time.
Housing Wire
JANUARY 11, 2024
Mortgage rates ticked up this week as the 10-year Treasury yield made its way back above 4%. The 30-year fixed-rate mortgage averaged 6.66% as of Jan. 11, a slight increase from last week’s 6.62%, according to Freddie Mac ‘s Primary Mortgage Market Survey released on Thursday.
Housing Wire
JANUARY 18, 2024
Mortgage rates continued their descent this week to mark their lowest level since May 2023, welcome news for homebuyers who have been waiting on the sidelines for rates to drop. The 30-year fixed-rate mortgage averaged 6.6%
Housing Wire
DECEMBER 16, 2020
Here is a more detailed breakdown of this week’s mortgage application data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) decreased to 2.85% from 2.9% – a survey low The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than (..)
Housing Wire
AUGUST 5, 2021
The average 30-year fixed-rate mortgage slipped back down to 2.77% for the week ending August 5, according to mortgage rates data released Thursday by Freddie Mac ‘s PMMS. The week prior, mortgage rates had rebounded slightly to 2.80%.
Housing Wire
OCTOBER 5, 2023
Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.49% as of Oct. By contrast, the 30-year fixed-rate mortgage was at 6.66% a year ago at this time. 5th, up 18 basis point from last week ’s 7.31%.
Housing Wire
JULY 28, 2021
And the 15-year rate fell to a record low last seen in 1990. Those ultra-low rates naturally resulted in a sharp uptick in refinancing activity. “With over 95% of refinance applications for fixed rate mortgages, borrowers are looking to secure a lower rate for the life of their loan,” Kan said Wednesday.
Housing Wire
FEBRUARY 17, 2022
The average 30-year-fixed rate mortgage climbed to 3.92% for the week ending Feb. It’s the highest level since May 2019, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.81%. 17, up 23 basis points from the previous week.
Housing Wire
SEPTEMBER 6, 2023
Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 6.7% At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.15% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.21%.
Housing Wire
SEPTEMBER 20, 2023
The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgage at 7.19% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Tuesday.
Housing Wire
OCTOBER 21, 2020
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.02% from 3%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) increased to 3.33% from 3.3%.
Housing Wire
OCTOBER 20, 2023
To conduct this analysis, Redfin compared median monthly mortgage payments for homebuyers in August 2023 and August 2022. On Thursday, 30-year fixed-rate mortgage rates crossed the 8% threshold , according to Mortgage News Daily. In March 2022, the 30-year fixed-rate mortgage averaged 3.56%.
Housing Wire
SEPTEMBER 13, 2023
The 30-year fixed mortgage rate increased to 7.27% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.17% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Monday.
Housing Wire
OCTOBER 12, 2023
Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year, fixed-rate mortgage averaged 7.57% as of Oct. By contrast, the 30-year, fixed-rate mortgage was at 6.92% a year ago at this time.
Housing Wire
FEBRUARY 8, 2023
Some other stats at a glance: The FHA share of total mortgage applications decreased to 11.9% the week prior The VA share of total mortgage applications increased to 13.4% the week prior The USDA share of total mortgage applications remained unchanged at 0.6% from 12.0% from 11.9% from 12.0% from 11.9%
Housing Wire
JANUARY 13, 2021
The post New-year optimism reflected in mortgage applications jump appeared first on HousingWire.
Housing Wire
SEPTEMBER 27, 2023
The 30-year fixed mortgage rate increased to 7.41% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue showed the 30-year fixed-rate mortgage at 7.38% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.50% on Tuesday.
Housing Wire
OCTOBER 14, 2020
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3% from 3.01%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.3% from 3.31%.
Housing Wire
JUNE 16, 2021
The post Mortgage applications increase as 30-year rate falls appeared first on HousingWire. from 0.29 (including the origination fee) for 80% LTV loans. from 0.29 (including the origination fee) for 80% LTV loans.
Housing Wire
MAY 26, 2021
The post Mortgage applications decrease 4% appeared first on HousingWire.
Housing Wire
JUNE 23, 2021
The post Mortgage applications rise again, despite rates jump appeared first on HousingWire. from 0.25 (including the origination fee) for 80% LTV loans. from 0.25 (including the origination fee) for 80% LTV loans.
Housing Wire
JULY 14, 2021
The post Mortgage applications jump 16% appeared first on HousingWire.
Housing Wire
JANUARY 24, 2024
There is still little incentive for homeowners to refinance with rates at these levels.” The MBA survey shows the average mortgage rate for 30-year fixed-rate mortgages with conforming loan balances ($766,550 or less) increased to 6.78% last week, up from 6.75% the prior week.
Housing Wire
JANUARY 13, 2022
The average 30-year fixed rate mortgage increased to 3.45% during the week ending Jan. 13, up from 3.22% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.79%. A year ago at this time, it averaged 2.23%.
Housing Wire
AUGUST 16, 2023
Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. from 13.6%
Housing Wire
JULY 7, 2021
The post Mortgage applications fall for third straight week appeared first on HousingWire.
Housing Wire
JUNE 9, 2021
Mortgage applications fell 3.1% in the week ending June 4, and refis took the biggest dip, according to the latest report from the Mortgage Bankers Association. Most of the decline in mortgage rates came late last week, with the 30-year fixed-rate mortgage declining to 3.15
Housing Wire
DECEMBER 7, 2023
Meanwhile, HousingWire’s Mortgage Rates Center showed Optimal Blue’s average 30-year fixed rate on conventional loans at 6.96% on Thursday. The 30-year, fixed-rate mortgage fell by almost 80 basis points in six weeks, Sam Khater, Freddie Mac’s chief economist, said in a statement.
Housing Wire
DECEMBER 23, 2021
The average 30-year-fixed rate mortgage dropped to 3.05% during the week ending Dec. 23, after achieving 3.12% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed-rate mortgage averaged 2.66%. A year ago at this time, it averaged 2.19%.
Housing Wire
JANUARY 12, 2022
Here is a more detailed breakdown of this week’s mortgage applications data: The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($647,200 or less) increased to 3.52% from 3.33%. The average contract interest rate for 5/1 ARMs increased to 3.03% from 2.45
Housing Wire
JANUARY 6, 2022
The average 30-year fixed rate mortgage increased to 3.22% during the week ending Jan. 6, up from 3.11% the week prior, according to the latest Freddie Mac PMMS Mortgage Survey. A year ago, the 30-year fixed rate mortgage averaged 2.65%. A year ago at this time, it averaged 2.16%.
Housing Wire
SEPTEMBER 16, 2020
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) remained unchanged at 3.07%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) increased to 3.41% from 3.40% the week prior.
Housing Wire
AUGUST 12, 2020
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) fell to 3.06% from 3.14%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) fell to 3.40% from 3.51%.
Housing Wire
DECEMBER 6, 2023
1 compared to the previous week , according to data from the Mortgage Bankers Association (MBA). The 30-year fixed-rate mortgage averaged 7.17% last week. Total home loan applications increased 2.8% for the week ending Dec.
Housing Wire
JULY 21, 2021
The post Mortgage applications fall amid market jitters appeared first on HousingWire.
Housing Wire
FEBRUARY 29, 2024
Mortgage rates continued to trend up this week and dampen homebuyer momentum. The 30-year fixed-rate mortgage averaged 6.94% as of Feb. 29, an increase from last week ’s figure of 6.90%, according to Freddie Mac ’s Primary Mortgage Market Survey released on Thursday.
Housing Wire
AUGUST 19, 2020
The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($510,400 or less) increased to 3.13% from 3.06%. The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $510,400) increased to 3.41% from 3.40%.
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