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Hello neighbors,

It finally happened, the trend of the falling mortgage rates was rudely interrupted with a rise of the 30-year FRM and the 5-year adjustable rate mortgage.

According to Freddie Mac's Primary Mortgage Market Survey, for the week ending September 9th, the 30-year FRM reported an average 4.35 percent with an average point of 0.7. This number was an increase from the previous week's average of 4.32 percent. In comparison to a year ago at this time, the average for the 30-year FRM was 5.07 percent.

As for the 15-year FRM, there was a continued and unchanged record low of 3.83 percent and an average 0.6 point. A year ago the 15-year FRM was averaging 4.50 percent at this time.

Like the 30-year FRM, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) experienced an increase with an average 3.56 percent and an average point of 0.6 in comparison to last week's average of 3.54 percent. Last year during this time, the 5-year ARM was averaging 4.51 percent.

Lastly, the 1-year Treasury-indexed ARM kept the falling trend with an average 3.46 percent and an average point of 0.7 from the previous week's average of 3.50 percent. Last year at this time, the average was 4.64 percent.

Mortgage Rates Continue to Decline Marking the 11th Consecutive Week

by the zac team at Ponce Realty

Greetings neighbors,

Continuing to follow the record low trend; 30-year FRM's hit another low for the 11th week in a row according to the Primary Mortgage Market Survey produced by Freddie Mac.

For the week ending Sept. 2nd, the 30-year FRM came in at 4.32% with an average origination point of 0.7 which is down from the previous week's average of 4.36% and last year's average of 5.08% at this time.

As for the 15-year FRM, there was a record low of 3.83% and an average origination point of 0.6. This number was also down from last week's average of 3.86% as well as last year's average of 4.54%.

This week's 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) came in with an average of 3.54% with an average 0.6 point in comparison to last week's average of 3.56% and last year's average of 4.59%.

Lastly, the 1-year Treasury Indexed ARM came in at 3.50% with an average 0.7 point. This averaged also proved to be less than last week's average of 3.52% and last year's average of 4.62% at this time.

Fixed Mortgage Rates Continue to Set Record Lows

by the zac team at Ponce Realty

Greetings neighbors,

Following the trend in recent weeks, mortgage rates set new record lows yet again for the 8th week in the row according to Freddie Mac's Primary Mortgage Market Survey.

According to Freddie's survey for the week ending today, August 12th, 30-year FRM's came in at an average rate of 4.44% with an average 0.7 origination point. This number showed a decrease from last week's average of 4.49% and last year's average of 5.29%.

In addition, the survey showed a decrease in 15-year FRM's as well with an average rate of 3.92% and an average point of 0.6 when compared to last week's average of 3.95%. This number is also lower than last year's average of 4.68%.

The 5-year ARM came in this week averaging 3.56% with an average origination point of 0.7 in comparison to last week's 3.63% and last year's average of 4.75%.

Last but not least, the one-year Treasury-indexed ARM came in at 3.53% with an average point of 0.7 on the weekly survey in comparison to 3.55% last week. This time last year, the one-year Treasury-indexed ARM averaged 4.72%.

Hello neighbors,

As for the weekly mortgage rates for the week ending July 22nd, Freddie Mac reported 30-year fixed-rate mortgages to be at 4.56% with an average 0.7 point for the week on their weekly Primary Mortgage Market Survey. This week's average was down from both last week's average of 4.57% and last year's average of 5.20%.

This week's 15-year FRM came in at an average record low of 4.03% with an average 0.7 point which also showed a decrease from last week's average of 4.06% and last year's average of 4.68%.

The 5-year Treasury-indexed hybrid ARM dropped from last week's average of 3.85% to 3.79% this week with an average point of 0.6. Last year during this time the 5-year Treasury-indexed hybrid ARM was sitting at 4.74%.

Lastly, the 1-year Treasury-indexed ARM produced an average of 3.70% with an average 0.7 point this week according to Freddie's report. This number, like the others, also showed a decrease from last week's average of 3.74% and last year's average of 4.77%.

Like the previous weeks, this week's mortgage rates reached record lows for Freddie Mac's survey.

Mortgage Rates Experience Very Little Change for the Week Ending July 15th

by the zac team at Ponce Realty

Hello neighbors,

Freddie Mac released their Primary Mortgage Market Survey today for the week ending July 15th. According to recent numbers, there was a tie with last week's record low average for the 30-year fixed rate mortgage which came in at 4.57 percent and an average 0.7 point. In comparison to this time last year, the 30-year fixed rate mortgage averaged 5.14%.

The 15-year FRM came in at 4.06% with an average 0.7 point. This number was a decrease from last week's 4.07% and last year's 4.63%.

As for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) , the survey showed an average 3.85% this week with an average 0.7 point. This was an increase from last week's number of 3.75%. This time last year the 5-year ARM averaged 4.83%.

Lastly, there was an average of 3.74% with an average 0.7 point for the 1-year Treasury indexed ARM. This week's number was a decrease from last week's average of 3.75%. Last year's 1-year ARM averaged 4.76%.

Economists have said that fixed rate mortgages are continuing to stay right around 50-year lows.

Displaying blog entries 1-5 of 5

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Photo of Zac Pasmanick  Real Estate
Zac Pasmanick
RE/MAX Metro Atlanta Cityside
600 Virginia Avenue NE
Atlanta GA 30306
Office: 404-564-7272

 

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