Freddie Mac: Mortgage rates fall even lower

According to the latest data released thursday by Freddie Mac. its balance sheet in the fall," said Matthew Speakman, Zillow economic analyst. "These developments almost certainly mean mortgage.

Mortgage rates change frequently and over the last 45 years they have ranged from a high of 18.63% to a low of 3.31%. While it’s not likely that the average 30-year fixed mortgage rate will return to the all-time record low of 3.13%, average rates are still low compared to almost any year since 1971 – all to the advantage of today’s homebuyers.

View the latest mortgage rates from the FHFA, MBA or Freddie Mac surveys, with charts.

That makes the secondary mortgage market more liquid and helps lower the interest rates paid by homeowners and other mortgage borrowers. Fannie Mae and Freddie Mac also can help stabilize mortgage markets and protect housing during extraordinary periods when stress or turmoil in the broader financial system threaten the economy.

The 30-year, fixed rate mortgage averaged 3.89% for the week ended Dec. 4, 2014. This is a drop from 3.97% last week and 4.46% a year ago. Meanwhile, the 15, year, FRM sunk to 3.10%, down from.

The 30-year fixed mortgage rate has dropped to about 3.75% from a peak of 4.94% in November, according to data from mortgage.

Permanent HAMP mods fall 26% in August Proposed bill would allow principal write-downs in bankruptcy courts A HAMP permanent modification effective date must be on or before December 1, 2017. To meet this deadline, a borrower has to begin the three-month trial period plan no later than September 1, 2017, and due to servicer processing delays, a homeowner should plan on the trial period plan starting no later than August 1, 2017.

The 30-year fixed-rate average slid to 3.82 percent and the 15-year rate hit 3.28 percent this week, according to new data from Freddie Mac reported in the Washington Post. Rates have been on a.

The average rate is .72 points lower than that of a year ago, and 1.12 points lower than the most recent peak in average rates in November, according to Freddie Mac’s most recent rate survey.

Fixed-rate mortgages continue their free fall, with the 30-year fixed rate mortgage averaging 3.63 percent this week and the 15-year fixed-rate mortgage staying below 3 percent, Freddie Mac reports. The 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013, when it averaged 3.59 percent.

 · But despite lower mortgage rates that could fall even further if the Fed carries through with expected interest rate cuts sometime this year, potential home buyers aren’t taking the bait.

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 · Concerns about the U.S.-China trade feud pushed mortgage rates lower this week. According to data released Thursday by Freddie Mac, the 30-year fixed-rate average slipped to 4.1 percent with an.

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