Mortgage Rates Fall Back

Condo building in downtown Hollywood
Condo building in downtown Hollywood, FL

Freddie Mac just released it’s weekly Primary Mortgage Market Survey, and it shows U.S weekly average mortgage rates as of  November 1st, 2018.

Freddie Mac.Primary Mortgage Survey Rates as of 11_1_2018

This survey shows how U.S weekly average mortgage rates change during the week.

This week’s, November 1st, 2018, survey shows, that 30-year fixed rate mortage went down by 3 points since the last week’s survey and now it is at 4.83 percent. It increased by 89 points since the last year Noveber  2nd, 2017 rate of 3.94 percent.

The 15-year fixed-rate mortgage went down by 6 points in one week and it is at 4.23 percent now, when last week was 4.29 percent. The 15-year fixed rate mortgage for the year increased by 96 points, when it was on November 2nd,2017 it was 3.27 percent.

Freddie Mac. Primary Mortgage Market Survey. Mortgages Rates as of 11_1_2018

When we look at the graph above, whitch shows the change in weekly mortgage rate during the last 5 years, we are still at the high point. The highest the rate went up during the last five years was for the week of October 11th, 2018. The 30-year fixed rate mortage was  4.90 percent, and 15-year fixed-rate mortgage was 4.29 percent.

Mortgage Rates Dropped During the Week

Gate to the side yard
Gate to the side yard in Hollywood, FL

Freddie Mac released another weekly Primary Mortgage Market Survey on August 23rd ,2018. It shows U.S weekly average mortgage rates for the week ending August 23rd, ,2018.

Mortgage rate dropped during the last week:

Freddie Mac 8_23_2018. Primary Mortgage Market Survey
Freddie Mac 8_23_2018. Primary Mortgage Market Survey

The highest interest point for 30-year fixed-rate mortgage was for the week ending May 24th, 2018. It was 4.66 percent.

The highest interest rate for 15-year fixed-rate mortage was for the same week ending May 24th, 2018, and it was 4.15 percent.

 

Freddie Mac 8_23_2018. US weekly mortgage averages
Freddie Mac 8_23_2018. US weekly mortgage averages

30-year fixed-rate mortgage dropped by 2 points since August 16th, 2018, when it was 4.53 percent, and current is at 4.51 percent.

30-year fixed-rate mortgage increased by 65 points since August 24th, 2017, when it was 3.86 percent.

15-year fixed-rate mortage dropped by 3 points since the last week’s August 16th, 2018 results of 4.01 percent. Now the 15-year fixed rate mortgage is at 3.98 percent.

15-year fixed-rate mortage increased by 82 points in one year since the August 24th, 2017 when it was  3.16 percent.

 

Mortgage Rates Go Up Slightly

Young Circle in downtown Hollywood, FL
Young Circle in downtown Hollywood, FL

Freddie Mac Release another Primary Mortgage Market Survey yesterday, Juy 26th, 2018. It shows U.S. weekly mortgage averages as of the date 7/26/2018.

FreddieMac_ Primary Mortgage Market Survey as of 7_26_2018

And here is the detail information about the changes in mortgages averages for the week of July 26th, 2018 in comparing with the previous week and also the averages a year back to date:

FreddieMac- US Weekly Mortgage Averages as of 7_26_2018
Freddie Mac- US Weekly Mortgage Averages as of July 26th, 2018

 

This week’s, July 26th, 2018, survey shows, that 30-year fixed rate mortage went up by 2 points since the last week’s survey.  30-year fixed rate mortgage is 4.54 percent now.

The 30-year fixed rate mortgage increased by 62 points in a year. For the week of July 27th, 2017, when rate average was 3.92%.

The 15-year fixed-rate mortgage went up by 2 points in one week. It is at 4.02 percent now, when last week was 4 percent.

The 15-year fixed rate mortgage for the year increased by 82 points. It was 3.2 percent on July 27th, 2017.

 

If you have any real estate questions, please do not hesitate to contact me.

Mortgage Rates Go Down for the Second Consecutive Week

Decorative wall
Decorative wall

Freddie Mac just released it’s weekly Primary Mortgage Market Survey. It shows U.S weekly average mortgage rates as of  June 7th, 2018.

Freddie Mac 6_7_2018. Primary Mortgage Market Survey. US weekly mortgage averages
Freddie Mac. Primary Mortgage Market Survey. US weekly mortgage averages as of 6/7/2018

This survey shows how U.S weekly average mortgage rates change during the week.

This week’s, June 7th, 2018, survey shows, that 30-year fixed rate mortage went down by 2 points since the last week’s survey.  Mortgage rates went down to 4.54 percent, since the last week survey when it was 4.56 percent.

The 30-year fixed rate mortgage increased by 65 points in a year. For the week of June 8th 2017, when rate average was 3.89%.

The 15-year fixed-rate mortgage went down by 5 points in one week. It is at 4.01 percent now, when last week was 4.06 percent.

The 15-year fixed rate mortgage for the year increased by 85 points. It was 3.16 percent on June 8th, 2017

 

Freddie Mac. US weekly average mortgage os af 6_7_2018
Freddie Mac. US weekly average mortgage as of 6/7/2018

Since April 1971, Freddie Mac has surveyed lenders across the U.S. weekly to determine the average 30-year fixed-rate mortgage rate

Mortgage Rates Go Down

Fence around the property in Hollywood, FL
Fence around the property in Hollywood, FL

Freddie Mac released another weekly Primary Mortgage Market Survey on May 31st,2018. It shows U.S weekly average mortgage rates for the week ending on May 31st,2018.

Mortagge rate dropped during the last week.

Freddie Mac 5_31_2018. US weekly average mortgage rates.
Freddie Mac 5/31/2018. US weekly average mortgage rates.

30-year fixed-rate mortgage dropped by 10 points since May 24th, 2018, when it was 4.66 percent, and current is at 4.56 percent.

15-year fixed-rate mortage dropped by 6 points since the last week’s May 4th, 2018 results of 4.16 percent. Now the 15-year fixed rate mortgage is at 4.06 percent.