Hispanics to Begin Bridging Gap in Homeownership Rate

The Hispanic homeownership rate is trailing behind the white homeownership rate, at 26 percent below the white homeownership rate in 2015—a catch-up, though gradual, from 29 percent in 1995. Hispanics could, however, make strides to bridge the gap in the future, according to a recent Insight from Freddie Mac. The Insight determines the disparity between […]

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Mortgage Rates Click Down

Mortgage rates on average clicked down this week, continuing steady at low levels, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed mortgage rate was 3.90 percent, on average, while the 15-year, fixed rate was 3.17 percent, on average. The 5-year, Treasury-indexed hybrid adjustable rate was 3.14 percent, on average. […]

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Mortgage Rates Claw Back Up

Mortgage rates clawed back up after weeks on a downswing, with the 30-year, fixed rate now averaging 3.91 percent, up from 3.89 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year, fixed rate moved to 3.18 percent, also up, from 3.16 percent, while the average 5-year, Treasury-indexed hybrid adjustable […]

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Mortgage Rates Stay Within Range

Mortgage rates stayed within the 4 percent range this week, with the 30-year, fixed rate averaging 4.05 percent, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®.) Rates rose above 4 percent following the presidential election in November, and have fluctuated since. The 15-year, fixed rate, at the same time, averaged 3.29 percent, […]

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Mortgage Rates Held in Wait of Fed Decision

Mortgage rates held in wait of the Federal Reserve’s decision on the key interest rate this week, according to Freddie Mac’s latest Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed rate averaged 4.02 percent—a nudge down from 4.03 percent the week prior—while the 15-year, fixed rate averaged 3.27 percent. The 5-year, Treasury-indexed hybrid adjustable mortgage […]

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Mortgage Rates Ramp Back Up

The average 30-year, fixed mortgage rate ramped back up above 4 percent this week after wandering below 4 percent last week, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year, fixed mortgage rate averaged 4.03 percent. “The 10-year Treasury yield rose about 10 basis points this week,” says Sean Becketti, chief […]

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Mortgage Rates Back Under 4 Percent for First Time Since Election

Mortgage rates moved back under 4 percent for the first time since the presidential election, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The average 15-year and 30-year fixed mortgage rates both toppled 11 basis points, with the 15-year at 3.23 percent and the 30-year at 3.97 percent. The average 5-year, Treasury-indexed […]

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Mortgage Rates Descend to Lowest Level of the Year

The average 30-year fixed mortgage rate descended this week to its lowest level so far in 2017, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year fixed rate mortgage came in at 4.08 percent, down from 4.10 percent the previous week. “Following a weak March jobs report, the 10-year Treasury yield […]

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Renter Finances Improve: Is Homeownership Next?

Renters are in better financial straits than they were just six months ago. Is homeownership next? The answer, according to a recent Freddie Mac survey, is unclear. Although 41 percent of the renters surveyed reported having more cash left over after payday, up from 34 percent in September 2016—and ideal for saving on a down […]

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30-Year Mortgage Rate Dips Down for Third Straight Week

Mortgage rates keep treading down, with the average 30-year fixed mortgage rate dipping for the third week in a row toward the lowest it has been this year, according to Freddie Mac’s recently released Primary Mortgage Market Survey® (PMMS®). The 30-year fixed mortgage rate this week averaged 4.10 percent, while the 15-year fixed mortgage rate […]

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