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Freddie Reports Mortgage Rates Produce Record Lows Yet Again

by the zac team at Ponce Realty

Hello neighbors,

As for this week's mortgage rates, according to Freddie Mac, the 30-year fixed rate mortgage fell yet again creating record lows for the week ending today producing an average 4.36% with an average point of 0.7. Last week, the average rate for the 30-year fixed rate mortgage came in at 4.42%.

The 15-year fixed rate mortgage produced an average of 3.86% and average 0.6 point, which was also down from the previous week's average of 3.90%.

In addition, Freddie Mac reported an average 3.56% and average 0.6 point for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week. This number is unchanged from last week's average.

Lastly, the 1-year Treasury-indexed ARM produced a weekly average of 3.52% with an average 0.7 point. This number showed a slight decrease from last week's average of 3.53%.

Mortgage Rates Continue to Follow the Same Path for the Ninth Straight Week

by the zac team at Ponce Realty

Greetings neighbors,

Looks like mortgage rates around the country continue to fall as well as break record lows.

According to Freddie Mac's weekly survey, the number for 30-year fixed rate mortgages experienced yet another drop, settling at 4.42% which is a record low for the week ending today.

As for the 15-year fixed rate mortgage around the country, this week's number remained unchanged from last week's 3.9%.

U.S. mortgage rates have experienced significant drops for nine straight weeks.

30-Year Fixed Rate Mortgage Falls Again According to Freddie Mac's Weekly Survey

by the zac team at Ponce Realty

Greetings neighbors,

Freddie Mac recently released it's weekly Primary Mortgage Market Survey for the week ending July 8th. According to Freddie's survey, the 30-year fixed rate mortgage is continuing to mark an all time low averaging 4.57% with an average 0.7 point which is down from last week's low of 4.58%. Last year's 30-year FRM averaged 5.20%.

As for this week's 15-year FRM, the survey showed an average of 4.07% with an average 0.7 point which is actually up from last week's average of 4.04%. This time last year, the 15-year FRM averaged 4.69%.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) this week averaged 3.75% with a 0.7 point which also showed a decrease from last week's average of 3.79% and last year's average of 4.82%.

Last but not least, the 1-year Treasury-indexed ARM averaged 3.75% with 0.7 point on this week's survey which is also down from last week's average of 3.80% . Last year's average for the 1-year ARM was 4.82%.

With the continuing decline of mortgage rates, refinance activity will become even stronger.

Mortgage Rates Stay Below 5% for the Fifth Straight Week

by the zac team @ RE/MAX Greater Atlanta

Greetings neighbors,

According to Freddie Mac's recent weekly survey, mortgage rates ending the week of June 17th did not drop but stayed under 5% for the fifth week in a row.

As for the survey’s results, 30-year fixed rate mortgages came in at 4.75% with a 0.7 origination point which showed an increase from last week's average of 4.72%, but still lower than last year's average of 5.38% at this time.

Freddie's survey showed 15-year FRM's coming in with an average of 4.2% with an origination point of 0.7. This was also up from last week's average of 4.17% but still lower than last year's average of 4.89%.

As for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM), this week's survey showed an average of 3.89% with an 0.7 point average and unlike the others, a decrease from last week's average of 3.92% as well as last year's 4.97%.

Last but not least, the one-year Treasury-indexed ARM was 3.82% with a 0.6 origination point which was a decrease from last week's average of 3.91% and last year's average of 4.95%.


Freddie Mac Weekly Survey Shows Mortgage Rates Below 5 Percent

by the zac team @ RE/MAX Greater Atlanta

Greetings neighbors,

Mortgage rates continue to decline according to a recent survey by Freddie Mac. In a weekly survey, rates actually fell below 5 percent.

According to Freddie Mac's weekly survey, the average rate of 30-year FRM's came in at 4.93% with an average origination point of 0.7 for the week ending May 13th. This rate is less than last week's 5%. Last year's 30-year FRM at this time averaged 4.86%. This is also the lowest average since December 10, 2009 when the 30-year FRM averaged 4.81%.

In addition, Freddie Mac's survey listed the average rate of 4.3% with an average 0.6 point for 15-year FRM's which was down from last week's average of 4.36%. This week's average was also down from last year's average rate of 4.52%. In addition, this is the lowest average rate for 15-year FRM's since December 3, 2009's average rate of 4.27% according to Freddie Mac.

As for the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM), Freddie Mac showed an average 3.95% with an average point of 0.6 for this week. This number is also down in comparison to last week's average of 3.97%. When comparing to last year's average rate of 4.82%, this week's number is slightly higher. The average rate for the 5-year Treasury-indexed hybrid ARM has not been this low since January 2005.

Last but not least, Freddie Mac reported the one-year Treasury indexed ARM at 4.02% with an average point of 0.6 this week, which is down from last week's average of 4.07% and last year's 4.71%. According to Freddie Mac, this is the lowest average since November 4, 2004 when the one-year Treasury indexed ARM came in at 4%.

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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