Currently viewing the tag: "pmms"

30 Year v. 15 Year – Today’s Rates

On September 1, 2011 By

Freddie Mac’s Weekly Primary Mortgage Market Survey (PMMS) was released this morning. 

As we were talking about last week, we have an unprecedented spread between the 30 Year and 15 Year mortgages.  In the past week, the 30 Year held at 4.22%, the 15 Year ticked down 0.05% from 3.44% to 3.39%. 

We’re looking at [...]

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Today's Mortgage Rates And Armchair Meteorology

On March 18, 2011 By

This week’s mortgage rates from Freddie Mac put the 30 Year Fixed at a national average of 4.76%, down from 4.88% the week prior.

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First Time Home Buyer Rates Dropping

On March 11, 2011 By

It’s been a great few days for buyers in terms of home affordability.

On the most common choice of loan for first time home buyers is the 30 year fixed.  Freddie Mac’s PMMS came out yesterday showing rates were at 4.88%, virtually unchanged from the week prior.

That’s good news.  We’re about 0.65% higher than [...]

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"What are Current Mortgage Rates?"

On March 11, 2011 By

“What are current mortgage rates?”

It’s probably one of the most common questions asked by home buyers and home owners.

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Mortgage Rate Update for February

On February 17, 2011 By

We’ve retraced the highest mortgage rates since April 2010. According to Freddie Mac, last week saw the largest single week increase in more than a year. Last Thursday’s PMMS report showed rates higher by .24% and a national average of 5.05%.

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Comparing a Chicago Mortgage to an Atlanta Mortgage

On February 10, 2011 By

Just a fun comparison for this week’s PMMS results. We’ll call them Chicago mortgage and Atlanta mortgage to make this easy.

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The Reality of "Current Mortgage Rates"

On December 3, 2010 By

Mortgage rates are moving quicker than the news can accurately report them. This week’s Freddie Mac mortgage rate survey is an excellent example.

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Interest Rate Predictions: Week of October 18, 2010

On October 18, 2010 By

Mortgage rates moved higher last week in volatile trading.

In spite of a rough end to the week, Freddie Mac’s survey (which takes data from earlier in the week) still managed to hit all-time lows for the third week in a row. The benchmark 30-year fixed rate mortgage is now down 1.02% since April 2010.

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Chicago v. San Diego: Mortgage Rate Showdown

On August 20, 2010 By

We’re going to have some fun today. It’s a San Diego v. Chicago home mortgage throwdown and we’re going to evaluate who is getting a better deal on these lowest mortgage rates ever.

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Mortgage Rates Aren't News

On February 23, 2010 By

Small changes in mortgage rates can mean big changes. Just a 0.25% means $45/month on a $300,000 home. Even bigger, it means over $16,000 of more or less total interest over the life of the loan.

The problem is that the “news” increasingly likes to cover a report that is outdated before it is even [...]

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