Archive for adjustable-rate mortgage

Is the Adjustable-Rate Mortgage Making a Comeback?

Posted by Archana Pradhan on August 28, 2017

During the past decade, home buyers have mostly preferred fixed-rate mortgages (FRMs) over adjustable-rate mortgages (ARMs). Proof of this is the precipitous drop in the ARM share of the dollar volume of originations, from almost 45% during mid-2005 to a [Read More]

30-Year Fixed Now At Its Lowest Level Since November

Posted by Michael Bates on August 25, 2017

Freddie Mac says the 30-year fixed-rate mortgage (FRM) averaged 3.86% with an average 0.5 point for the week ending Aug. 24, 2017, which is the lowest rate since Nov. 10, 2016. A year ago at this time, the 30-year FRM [Read More]

Freddie Mac: Mortgage Rates Shift Upward

Posted by Lauren Tyler on November 10, 2016

Mortgage interest rates increased this week, with the average rate for a 30-year, fixed-rate mortgage (FRM) hitting 3.57%, up from 3.54%, according to Freddie Mac’s Primary Mortgage Market Survey. A year ago at this time, the 30-year FRM averaged 3.98%. During [Read More]

Freddie Mac: Mortgage Rates Hold Steady

Posted by Patrick Barnard on April 21, 2016

Mortgage rates remained largely unchanged near their low mark for 2016 during the week ending April 21, according to Freddie Mac’s Primary Mortgage Market Survey. The average rate for a 30-year, fixed-rate mortgage (FRM) was 3.59%, up only slightly from [Read More]

MBA: Mortgage Application Volume Increased 1.3%

Posted by Patrick Barnard on April 20, 2016

Mortgage application volume increased 1.3% during the week ended April 15, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey. Applications for refinances increased 3%, while applications for purchases decreased 1% from one week earlier. On an unadjusted basis, [Read More]

Freddie Mac: Mortgage Rates Reverse Course, Move Lower

Posted by Patrick Barnard on March 28, 2016

Mortgage rates shifted lower for the first time in four weeks during the week ending March 24, with the average 30-year fixed-rate mortgage (FRM) averaging 3.71%, down from the prior week’s 3.73%, according to Freddie Mac’s latest Primary Mortgage Market [Read More]