Mortgage Rates Jump, Inching Toward Seven Percent
Mortgage Ledger Staff2023-07-13T15:39:04-04:00Freddie Mac today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.96 percent.
“Mortgage rates increased to their highest level since November 2022, the
Mortgage Applications Decrease in Latest MBA Weekly Survey
Mortgage Ledger Staff2023-07-07T12:36:02-04:00Mortgage Rates Continue to Climb
Mortgage Ledger Staff2023-07-07T12:26:22-04:00Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.81 percent.
“Mortgage rates continued their upward trajectory again this week, rising to
May New Home Purchase Mortgage Applications Increased 16.6 Percent
Mortgage Ledger Staff2023-06-21T10:42:56-04:00Yay! Mortgage Rates Just Dropped—and Now There’s Even More Good News
Mortgage Ledger Staff2023-06-09T15:38:03-04:00Mortgage rates have finally dipped, after three panic-inducing weeks of climbing upward.
For the week ending June 8, the average 30-year fixed mortgage rate sank to 6.71%, down from the previous week’s 6.79%, according to Freddie Mac.
And
Mortgage Rates Jump Up
Mortgage Ledger Staff2023-06-01T13:59:55-04:00Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 6.79 percent.
“Mortgage rates jumped this week, as a
Federal Reserve issues FOMC statement
Mortgage Ledger Staff2023-05-04T14:41:12-04:00Economic activity expanded at a modest pace in the first quarter. Job gains have been robust in recent months, and the unemployment rate has remained low. Inflation remains elevated.
The U.S. banking system is sound and resilient. Tighter credit conditions for
Home Values Soar Even Higher In August As Inventory Tightens
Mortgage Ledger Staff2020-09-18T13:04:29-04:00Competition among buyers drove rapid sales and pushed values up while the rental market softened
– U.S. home values grew to $256,663 in August, a 0.7% increase from July. That’s the largest monthly increase since 2013.
– Low demand
Mortgage Applications Increase in Latest MBA Weekly Survey
Mortgage Ledger Staff2020-05-27T16:25:17-04:00Mortgage applications increased 2.7 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending May 22, 2020.
The Market Composite Index, a measure of mortgage loan application volume, increased