Uncertainty keeping mortgage rates low: Freddie Mac

The Fed’s policymaking body voted 9 to 1 earlier this week to maintain its current zero-interest-rate policy. It also will reinvest the proceeds from maturing mortgage-backed securities and debt from mortgage giants Fannie Mae and Freddie Mac into treasuries, keeping bond yields near record lows — a policy that hurts savers and could create another bubble, Hoenig warns.

Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.

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Freddie Mac’s weekly mortgage rate survey shows the average 30-year fixed rate interest rate at 3.44% nationwide, which is close to 60 basis points (0.60%) below the levels from January; and.

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The 30-year fixed rate fell to 3.89 percent this week, says Freddie Mac. Since mortgage rates follow Treasury yields closely, investors opting for the safety of bonds have helped keep home loan rates below 4 percent. Treasury yields move in the opposite direction of bond prices – so the more demand for Treasuries, the lower the yield.

2 As of January 19, 2017, average 5/1 Treasury-indexed ARM rates were 0.88 percentage points lower than 30-year fixed rate mortgages. Refinancing a $200,000 30-year fixed rate mortgage at 4.09 percent into a 5/1 ARM at 3.21 percent would save about $100 per month in initial monthly payments.

Mortgage Rates didn’t move much today, with most lenders just slightly higher than yesterday. This keeps us right in line with the highest levels in more than 4 months. For the sake of perspective.

Mortgage rates are continuing to hold at low levels amidst ongoing economic uncertainty, mortgage provider Freddie Mac announced Thursday. The 30-year fixed-rate mortgage averaged 3.89% with an average 0.4 point during the week ending August 17, down from 3.90% in the prior week. It is now just one basis point above its 2017 low.

According to Freddie Mac’s primary mortgage market Survey (PMMS ) average 30-year fixed rate mortgages averaged 4.04 percent, down from last week when it averaged 4.08 percent. A year ago at this time, the 30-year frm averaged 4.15 percent.

Washington – Average long-term U.S. mortgage. to keep accelerating. Uncertainty in the financial markets and rising prices for homes are stirring doubts about affordability for many would-be buyers.