Commitment rate

Mortgage Rates Continue to Decrease

Retrieved on: 
Thursday, July 15, 2021
Mortgage, Finance, Money, Loans, Mortgage loan, Economy, Commitment rate, Fixed-rate mortgage, Discount points, Second mortgage, Subprime mortgage crisis

The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week, said Sam Khater, Freddie Macs Chief Economist.

Key Points: 
  • The summer swoon in mortgage rates continues as the 30-year fixed-rate mortgage fell for the third consecutive week, said Sam Khater, Freddie Macs Chief Economist.
  • Since their peak at 3.18% in April, mortgage rates have declined by thirty basis points.
  • 15-year fixed-rate mortgage averaged 2.22 percent with an average 0.6 point, down from last week when it averaged 2.20 percent.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.

Fannie Mae Announces the Results of its Twenty-first Reperforming Loan Sale Transaction

Retrieved on: 
Thursday, July 15, 2021
Mortgage industry of the United States, Finance, Fannie Mae, Economy of the United States, Money, Mortgage loan, Weighted-average loan age, Commitment rate

WASHINGTON, July 15, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-first reperforming loan sale transaction.

Key Points: 
  • WASHINGTON, July 15, 2021 /PRNewswire/ --Fannie Mae (OTCQB: FNMA) today announced the results of its twenty-first reperforming loan sale transaction.
  • Pool 2: 3,411 loans with an aggregate UPB of $460,024,607; average loan size of $134,865; weighted average note rate of 4.34%; and weighted BPO loan-to-value ratio of 61%.
  • Fannie Mae will also post information about specific pools available for purchase on that page.
  • Fannie Mae helps make the 30-year fixed-rate mortgage and affordable rental housing possible for millions of U.S. households.

Mortgage Rates Inch Down

Retrieved on: 
Thursday, July 1, 2021
Mortgage industry of the United States, Mortgage, Finance, Loans, Mortgage loan, Fixed-rate mortgage, Money, Commitment rate, Freddie Mac, Economy, United States housing bubble

MCLEAN, Va., July 01, 2021 (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 2.98 percent.

Key Points: 
  • MCLEAN, Va., July 01, 2021 (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 2.98 percent.
  • Although low and stable mortgage rates have kept the housing market booming over recent months, a deterioration in affordability and for-sale inventory has led to a market slowdown.
  • 15-year fixed-rate mortgage averaged 2.26 percent with an average 0.7 point, down from last week when it averaged 2.34 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 Rise Above Three Percent

Retrieved on: 
Thursday, June 24, 2021
Mortgage industry of the United States, Mortgage, Finance, Loans, Mortgage loan, Money, Commitment rate, Fixed-rate mortgage, Freddie Mac, Economy, United States housing bubble

Mortgage rates have risen above three percent for the first time in ten weeks, said Sam Khater, Freddie Macs Chief Economist.

Key Points: 
  • Mortgage rates have risen above three percent for the first time in ten weeks, said Sam Khater, Freddie Macs Chief Economist.
  • As the economy progresses and inflation remains elevated, we expect that rates will continue to gradually rise in the second half of the year.
  • 15-year fixed-rate mortgage averaged 2.34 percent with an average 0.7 point, up from last week when it averaged 2.24 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 Continue to Decrease

Retrieved on: 
Thursday, June 17, 2021
Mortgage, Loans, Mortgage loan, Finance, Commitment rate, Money, Fixed-rate mortgage, Economy, United States housing bubble

Mortgage rates continue to drift down as markets concur with the view that inflation increases are temporary, said Sam Khater, Freddie Macs Chief Economist.

Key Points: 
  • Mortgage rates continue to drift down as markets concur with the view that inflation increases are temporary, said Sam Khater, Freddie Macs Chief Economist.
  • While mortgage rates are low, purchase demand has weakened over the last couple of months, primarily due to affordability constraints stemming from high home prices.
  • 15-year fixed-rate mortgage averaged 2.24 percent with an average 0.6 point, up slightly from last week when it averaged 2.23 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 Move Slightly

Retrieved on: 
Thursday, June 10, 2021
Mortgage industry of the United States, Mortgage, Finance, Money, Fixed-rate mortgage, Mortgage loan, Commitment rate, Freddie Mac, United States housing bubble, Economy

MCLEAN, Va., June 10, 2021 (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 2.96 percent.

Key Points: 
  • MCLEAN, Va., June 10, 2021 (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 2.96 percent.
  • Despite the stronger economy, the housing market is experiencing a slowdown in purchase application activity due to modestly higher mortgage rates.
  • 15-year fixed-rate mortgage averaged 2.23 percent with an average 0.6 point, down from last week when it averaged 2.27 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 Below Three Percent

Retrieved on: 
Thursday, May 27, 2021
Mortgage, Finance, Money, Economy, Loans, Personal finance, Refinancing, Mortgage loan, Discount points, Commitment rate, Fixed-rate mortgage, Second mortgage

Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow, said Sam Khater, Freddie Macs Chief Economist.

Key Points: 
  • Mortgage rates are down below three percent, continuing to offer many homeowners the potential to refinance and increase their monthly cash flow, said Sam Khater, Freddie Macs Chief Economist.
  • In fact, homeowners who refinanced their 30-year fixed-rate mortgage in 2020 saved more than $2,800 dollars annually.
  • 15-year fixed-rate mortgage averaged 2.27 percent with an average 0.6 point, down from last week when it averaged 2.29 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 Continue to Decline

Retrieved on: 
Thursday, May 13, 2021
Mortgage industry of the United States, Mortgage, Finance, Fixed-rate mortgage, Mortgage loan, Money, Commitment rate, Freddie Mac, Economy, United States housing bubble

b'MCLEAN, Va., May 13, 2021 (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 2.94 percent.\n\xe2\x80\x9cSince the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month,\xe2\x80\x9d said Sam Khater, Freddie Mac\xe2\x80\x99s Chief Economist.

Key Points: 
  • b'MCLEAN, Va., May 13, 2021 (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 2.94 percent.\n\xe2\x80\x9cSince the most recent peak in April, mortgage rates have declined nearly a quarter of a percent and have remained under three percent for the past month,\xe2\x80\x9d said Sam Khater, Freddie Mac\xe2\x80\x99s Chief Economist.
  • A year ago at this time, the 30-year FRM averaged 3.28 percent.\n15-year fixed-rate mortgage averaged 2.26 percent with an average 0.6 point, down from last week when it averaged 2.30 percent.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.
  • Borrowers may still pay closing costs which are not included in the survey.\nFreddie Mac makes home possible for millions of families and individuals by providing mortgage capital to lenders.

Mortgage Rates Decrease

Retrieved on: 
Thursday, May 6, 2021
Mortgage industry of the United States, Mortgage, Finance, Fixed-rate mortgage, Mortgage loan, Commitment rate, Freddie Mac, FRM, Money, Economy

b'MCLEAN, Va., May 06, 2021 (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 2.96 percent.\n\xe2\x80\x9cMortgage rates have remained under three percent for three consecutive weeks,\xe2\x80\x9d said Sam Khater, Freddie Mac\xe2\x80\x99s Chief Economist.

Key Points: 
  • b'MCLEAN, Va., May 06, 2021 (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 2.96 percent.\n\xe2\x80\x9cMortgage rates have remained under three percent for three consecutive weeks,\xe2\x80\x9d said Sam Khater, Freddie Mac\xe2\x80\x99s Chief Economist.
  • The combination of low and stable rates, coupled with an improving economy, is good for homebuyers.
  • A year ago at this time, the 30-year FRM averaged 3.26 percent.\n15-year fixed-rate mortgage averaged 2.30 percent with an average 0.6 point, down from last week when it averaged 2.31 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

Retrieved on: 
Thursday, April 8, 2021
Mortgage industry of the United States, Mortgage, Finance, Money, Mortgage loan, Economy, Commitment rate, Fixed-rate mortgage, Refinancing, Freddie Mac

MCLEAN, Va., April 08, 2021 (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 3.13 percent.

Key Points: 
  • MCLEAN, Va., April 08, 2021 (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 3.13 percent.
  • After moving up for seven consecutive weeks, mortgage rates have dropped due to the recent, modest decline of U.S. Treasury yields, said Sam Khater, Freddie Macs Chief Economist.
  • The drop in rates creates yet another opportunity for those who have not refinanced to take a look at the possibility.
  • Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage.