Category Archives: Interest Rates

Fixed Mortgage Rates Move Higher

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The results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) released January 24 show fixed mortgage rates moving higher from the previous week.  The 30-year fixed averaged 3.42 percent, its highest reading since September 29, 2012.  But fixed-mortgage rates still remain highly affordable near their all-time record lows.

Key Interest Rate Moves Up

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Freddie Mac’s Primary Mortgage Market Survey® results released Jan. 10 show fixed mortgage rates moving higher following December’s employment report. The 30-year fixed averaged 3.40 percent, its highest reading in eight weeks. The all-time record low for the average 30-year fixed was 3.31 percent set November 21, 2012.

 

Mortgage Rates End Year Near Record Lows

2012’s last Primary Mortgage Market Survey® (PMMS®) results from Freddie Mac show average fixed mortgage rates finishing the year near record lows.  This is helping to keep homebuyer affordability high.  According to Frank Nothaft, Freddie Mac’s vice president and chief economist, “Rates on 30-year fixed mortgages were nearly 0.6 percentage points below that of the beginning of the year, which translates into an interest payment savings of nearly $98,600 over the life of a $200,000 loan.”