Happy Pi Day!

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Today is March 14th, which is also 3/14. It is the day to celebrate the Pi Day.

Pi (Greek letter “π”) is the ratio of a circle’s circumference to its diameter. Pi is a constant number, meaning that for all circles of any size, Pi will be the same, which is approximately 3.14159.

Pi Day is an opportunity for math fanatics to talk to their friends and family about math, to recite the infinite digits of Pi. And, of course, today is reason to eat Pie.

 

January 2019 Pending Home Sales

According to National Association of Realtors, pending home sales in January 2019 were down 2.3 percent year-over-year

January 2019 housing snapshot
Copyright ©2017 “January Pending Home Sales.” NATIONAL ASSOCIATION OF REALTORS®. All rights reserved. Reprinted with permission. February 27, 2019, https://www.nar.realtor/infographics/pending-home-sales-snapshot

Mortgage Rates Fall Down Again

Young Circle in Hollywood, FL

Freddie Mac just released it’s weekly Primary Mortgage Market Survey. It shows U.S weekly average mortgage rates as of  February 21st, 2019.

Mortgages rates fall down for the third consecutive week, and this trend started late last year.

02_21_2019 Primary Mortgage Maarket Survey

Freddie Mac survey shows  U.S weekly average mortgage rates change during the week.

This week’s, February 21st, 2019, survey shows, that 30-year fixed rate mortage went down by 2 points since the last week’s survey and they are at 4.35 percent. 

The 30-year fixed rate mortgage decreased by 5 points in a year. For the week of February 22, 2018, when rate average was 4.40%. So, this week’s rate of 4.35 percent is the lowest in the last 12 months.

The 15-year fixed-rate mortgage went down by 3 points in one week. It is at 3.78 percent now.

The 15-year fixed rate mortgage for the year decreased by 7 points. It was 3.85 percent for the week of February 22, 2018. This rate 3.78 is the lowest rate during the last 12 months.

02_21_2019 Freddie Mac one year

The highest rate during the last 12 months for 30-year fixed rate mortgage was for the period of 2 weeks November 8th, 2018 and November 15th, 2018, and the rate was 4.94 percent.

The highest rate during the last 12 months for 15-year fixed rate mortgage was for the week of November 15th, 2018, and the rate was 4.36 percent.

Mortgage Rates Went Down

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Freddie Mac  released yesterday weekly Primary Mortgage Market Survey, which shows U.S weekly average mortgage rates as of  January 10th, 2019.

1_10_2019. freddie mac. us weekly mortgage market survey

This survey shows how U.S weekly average mortgage rates change during the previous week, January 4-10,2019.

This week’s survey shows, that 30-year fixed rate mortage went down by 6 points since the last week’s survey and now it is at 4.45 percent. It increased by 46 points since the last year January 11th, 2018, rate of 3.99 percent.

The 15-year fixed-rate mortgage went down by 10 points in one week and it is at 3.89 percent now, when last week was 3.99 percent. The 15-year fixed rate mortgage for the year increased by 45 points, when it was on January 11, 2018, it was at 3.44 percent.

 

01_10_2019. . freddie mac. primary mortgage market survey

When we look at the graph above, whitch shows the change in weekly mortgage rate during the last 1 year.

The highest rate during the last year for 30-year fixed rate mortage was during the period November 8-15, 2018, when it was at the rate of  4.94 percent, and 15-year fixed-rate mortgage was 4.36 percent for the week of November 15, 2018.

Mortgage Rates Hardly Move

Pineaple

Freddie Mac just released it’s weekly Primary Mortgage Market Survey, which shows U.S weekly average mortgage rates as of  November 29, 2018.

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This survey shows how U.S weekly average mortgage rates change during the week of November 22-29, 2018. This survey is released every Thursday ( this time it was on November 22,2018)

For this week, November 29, 2018, survey shows, that 30-year fixed rate mortage did not change since the last week and stayed the same at 4.81 percent since the last week’s survey.

The 30-year fixed rate mortgage increased by 91 points in a year. For the week of November 30, 2017, when rate average was 3.90 percent.

The 15-year fixed-rate mortgage went up by 1 point in one week and now it is at 4.25 percent, when last week was 4.24 percent.

The 15-year fixed rate mortgage for the year increased by 95 points.  It was 3.30 percent on November 30, 2017.

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Since April 1971, Freddie Mac has surveyed the lenders all across the U.S.A weekly in order to get the average 30-year fixed-rate mortgage rate