Moreover, Freddie Mac's Primary Mortgage Market Survey
(PMMS) was released this week.
According to Freddie Mac's Primary Mortgage Market Survey
, the average interest rate on a 30-year fixed-rate mortgage loan stood at 4.
9 September 2013 -- US mortgage funder Freddie Mac (OTCQB: FMCC) has released the results of its Primary Mortgage Market Survey
(PMMS) showing average fixed mortgage rates moving back up near their highs for the year amid recent data pointing to signs of a stronger economic recovery, as well as positive news coming from the housing and manufacturing sectors.
The Primary Mortgage Market Survey
showed that the average 30-year fixed-rate mortgage (FRM) jumped to 4.
Deals seem ripe for the picking, according to Freddie Mac's Primary Mortgage Market Survey
Meanwhile, 30-year and 15-year single-family fixed rates attained new lows in Freddie Mac's Primary Mortgage Market Survey
in September and it points out that the likelihood of an extended period of both relatively low short- and long-term interest rates is helpful news for the housing market's recovery.
In the week ending today, the 30-year and 15-year fixed-rate mortgages were at all-time lows, according to the Primary Mortgage Market Survey
released today by Freddie Mac.
This means they will enter the stage of gradually stepping up their interest rates (no more than 1 percent per year) until they reach a cap rate based on the Freddie Mac Weekly Primary Mortgage Market Survey
rate for 30-year conforming mortgage loans as of the date the modification agreement was originally written.
mortgage funder Freddie Mac (OTC: FMCC) has released the results of its Primary Mortgage Market Survey
(PMMS), showing fixed mortgage rates declining or remaining the same from the previous week amid mixed economic data, and continuing to hover around their all-time record lows.
51 per cent published rate in the Freddie Mac Primary Mortgage Market Survey
at quarter end.