Fixed-rate mortgage

Mortgage Rates Tick Up Slightly

Retrieved on:

Thursday, February 13, 2020

Mortgage, Economy, Money, Finance, Mortgage loan, Adjustable-rate mortgage, Fixed-rate mortgage

This surge coupled with strong purchase activity means that total mortgage demand remains robust, reflective of a solid economic backdrop and a very low mortgage rate environment.

Key Points:

This surge coupled with strong purchase activity means that total mortgage demand remains robust, reflective of a solid economic backdrop and a very low mortgage rate environment.
30-year fixed-rate mortgage averaged 3.47 percent with an average 0.7 point for the week ending February 13, 2020, slightly up from last week when it averaged 3.45 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent with an average 0.3 point, slightly down from last week when it averaged 3.32 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Fall for the Third Consecutive Week

Retrieved on:

Thursday, February 6, 2020

Mortgage, Economy, Money, Finance, Mortgage loan, Discount points, Fixed-rate mortgage

As rates fell for the third consecutive week, markets staged a rebound with increases in manufacturing and service sector activity, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

As rates fell for the third consecutive week, markets staged a rebound with increases in manufacturing and service sector activity, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 3.45 percent with an average 0.7 point for the week ending February 6, 2020, down from last week when it averaged 3.51 percent.
15-year fixed-rate mortgage averaged 2.97 percent with an average 0.7 point, down from last week when it averaged 3.00 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

KBRA Assigns Preliminary Ratings to RCKT Mortgage Trust 2020-1 (RCKT 2020-1)

Retrieved on:

Thursday, January 30, 2020

Professional services, Finance, Economy, Money, Finance, Loans, Personal finance, Mortgage, Mortgage loan, Subprime lending, Kroll Bond Rating Agency, Fixed-rate mortgage, Super jumbo mortgage

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 35 classes of mortgage pass-through certificates from RCKT Mortgage Trust 2020-1 (RCKT 2020-1), a prime jumbo RMBS transaction backed entirely by loans originated and serviced by Quicken Loans Inc.

Key Points:

Kroll Bond Rating Agency (KBRA) assigns preliminary ratings to 35 classes of mortgage pass-through certificates from RCKT Mortgage Trust 2020-1 (RCKT 2020-1), a prime jumbo RMBS transaction backed entirely by loans originated and serviced by Quicken Loans Inc.
The RCKT 2020-1 pool comprises 489 first-lien, prime residential mortgage loans with an aggregate principal balance of $365,830,933 as of the February 1, 2020 statistical cut-off date.
The collateral consists of 30-year fully amortizing, fixed rate mortgages (FRMs).
The pool is characterized by significant borrower equity in each mortgaged property, as evidenced by the WA original LTV of 68.1% and WA original CLTV of 68.2%.

Mortgage Rates Continue to Drop

Retrieved on:

Thursday, January 30, 2020

Mortgage, Economy, Money, Finance, Mortgage loan, Refinancing, Discount points, Fixed-rate mortgage, Subprime mortgage crisis, Fannie Mae

This weeks mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

This weeks mortgage rates were the second lowest in three years, supporting homebuyer demand and leading to higher refinancing activity, said Sam Khater, Freddie Macs Chief Economist.
Borrowers who take advantage of these low rates can improve their cash flow by lowering their monthly mortgage payments, giving them more money to spend or save.
15-year fixed-rate mortgage averaged 3.00 percent with an average 0.7 point, down from last week when it averaged 3.04 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Drop to Lowest Level in Three Months

Retrieved on:

Thursday, January 23, 2020

Mortgage, Economy, Money, Finance, Loans, Mortgage loan, Commitment rate, Discount points, Fixed-rate mortgage

Rates fell to the lowest level in three months and are about a quarter point above all-time lows, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

Rates fell to the lowest level in three months and are about a quarter point above all-time lows, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 3.60 percent with an average 0.8 point for the week ending January 23, 2020, down from last week when it averaged 3.65 percent.
15-year fixed-rate mortgage averaged 3.04 percent with an average 0.8 point, down from last week when it averaged 3.09 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Generally Hold Steady

Retrieved on:

Thursday, January 16, 2020

Mortgage industry of the United States, Economy, Mortgage loan, Fixed-rate mortgage, Finance, Freddie Mac, Commitment rate

MCLEAN, Va., Jan. 16, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent.

Key Points:

MCLEAN, Va., Jan. 16, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.65 percent.
Mortgage rates inched up by one basis point this week with the 30-year fixed-rate mortgage averaging 3.65 percent.
15-year fixed-rate mortgage averaged 3.09 percent with an average 0.7 point, up slightly from last week when it averaged 3.07 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Drop as 2020 Gets Underway

Retrieved on:

Thursday, January 9, 2020

Mortgage industry of the United States, Mortgage, Economy, Loans, Finance, Money, Mortgage loan, Fixed-rate mortgage, Commitment rate, Freddie Mac, United States housing bubble

MCLEAN, Va., Jan. 09, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.64 percent.

Key Points:

MCLEAN, Va., Jan. 09, 2020 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.64 percent.
The drop in mortgage rates, combined with the strong labor market, should propel a continued rise in homebuyer demand.
30-year fixed-rate mortgage averaged 3.64 percent with an average 0.7 point for the week ending January 9, 2020, down from last week when it averaged 3.72 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Decrease Slightly

Retrieved on:

Thursday, January 2, 2020

Mortgage, Economy, Money, Finance, Loans, Mortgage loan, Fixed-rate mortgage, Adjustable-rate mortgage, Commitment rate

The combination of improved economic data and market sentiment has led to stability in mortgage rates, which have hovered around 3.7 percent for nearly the last two months, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

The combination of improved economic data and market sentiment has led to stability in mortgage rates, which have hovered around 3.7 percent for nearly the last two months, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 3.72 percent with an average 0.7 point for the week ending January 2, 2020, slightly down from last week when it averaged 3.74 percent.
5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.46 percent with an average 0.3 point, slightly up from last week when it averaged 3.45 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Remain Flat

Retrieved on:

Thursday, December 19, 2019

Mortgage industry of the United States, Mortgage, Economy, Loans, Mortgage loan, Fixed-rate mortgage, Finance, Money, Freddie Mac, FRM, United States housing bubble

MCLEAN, Va., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.73 percent, unchanged from a week ago.

Key Points:

MCLEAN, Va., Dec. 19, 2019 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) averaged 3.73 percent, unchanged from a week ago.
30-year fixed-rate mortgage averaged 3.73 percent with an average 0.7 point for the week ending December 19, 2019, unchanged from last week.
15-year fixed-rate mortgage averaged 3.19 percent with an average 0.7 point, unchanged from last week.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Mortgage Rates Hold Steady

Retrieved on:

Thursday, December 5, 2019

Mortgage, Economy, Money, Finance, Loans, Mortgage loan, Commitment rate, Fixed-rate mortgage, Discount points

This week the economy sent mixed signals, leaving mortgage rates unchanged, said Sam Khater, Freddie Macs Chief Economist.

Key Points:

This week the economy sent mixed signals, leaving mortgage rates unchanged, said Sam Khater, Freddie Macs Chief Economist.
30-year fixed-rate mortgage averaged 3.68 percent with an average 0.5 point for the week ending December 5, 2019, unchanged from last week.
15-year fixed-rate mortgage averaged 3.14 percent with an average 0.4 point, down slightly from last week when it averaged 3.15 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.