Home Loan Rate Trends Mortgage Rates Generally Hold Steady Mortgage rates inched up by one basis point this week with the 30-year fixed-rate mortgage averaging 3.65 percent. By all accounts, mortgage rates remain low and, along with a strong job market, are fueling the … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan […]
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Mortgage Rates: Jan 2, 2020
Home Loan Rate Trends Mortgage Rates Decrease Slightly The combination of improved economic data and market sentiment has led to stability in mortgage rates, which have hovered around 3.7 percent for nearly the last two months. The stability is welcome news … Learn more Primary Mortgage Market Survey® by Freddie Mac Jan 2, 2020 30-Year […]
Mortgage Rates: Dec 19, 2019
Home Loan Rate Trends Mortgage Rates Remain Flat The economy continued to pick up momentum with a solid increase in residential construction, improvement in industrial output in our nation’s factories and a rise in job openings … Learn more Primary Mortgage Market Survey® by Freddie Mac Dec 19, 2019 30-Year FRM 15-Year FRM 5-Year ARM […]
Single-Family Loan Limits Increase for 2020
The Federal Housing Finance Agency (FHFA) announced on December 3, 2019 that the 2020 county loan limits for its single-family mortgage insurance programs would increase in most areas across the country. Effective January 1, 2020, the new loan limits for a single family residence are: Conforming loan limit: $510,400 (up from $484,350) FHA loan limit: […]
Mortgage Rates: Dec 5, 2019
Home Loan Rate Trends Mortgage Rates Hold Steady This week the economy sent mixed signals, leaving mortgage rates unchanged. Survey data for manufacturing and service industries varied while construction spending fell modestly … Learn more Primary Mortgage Market Survey® by Freddie Mac Dec 5, 2019 30-Year FRM 15-Year FRM 5-Year ARM Average Rate 3.68 3.14 […]
The Truth About “No Closing Cost” Mortgages
We’ve all seen or heard the headlines “No points! No fees!” or “No closing costs!” used in advertising, so let’s put this very complex subject into the simplest possible terms. The truth about “no closing cost” mortgages is that they don’t exist. Not really. All real estate transactions, whether a purchase or refinance, involve costs […]
Mortgage Rates: Nov 21, 2019
Home Loan Rate Trends Mortgage Rates Stable The housing market continues to steadily gain momentum with rising homebuyer demand and increased construction due to the strong job market, ebullient market sentiment and low mortgage rates … Learn more Primary Mortgage Market Survey® by Freddie Mac Nov 21, 2019 30-Year FRM 15-Year FRM 5-Year ARM Average […]
Mortgage Rates: Nov 7, 2019
Home Loan Rate Trends Mortgage Rates Fall Back After a year-long slide, mortgage rates hit a cycle low in September 2019 and have risen in six out of the last nine weeks due to modestly better economic data and trade related optimism. The improvement … Learn more Primary Mortgage Market Survey® by Freddie Mac Nov […]
