South Florida Waterfront Homes and Condos
| Luxury Real Estate for Sale
Freddie Mac PMMS Interest Rates Survey November 2019 Scroll down to see summaries of weekly rate updates October 31, 2019 Rate Survey MCLEAN, Va., Oct. 31, 2019 (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 3.78 […]
Freddie Mac PMMS Interest Rates Survey October 2019 October 24, 2019 Survey 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 3.75 percent, the highest it’s been in 12 weeks. “The outlook for a favorable resolution to the trade dispute between the […]
Mortgage rates drop due to Wall Street’s tariff fears A threat of Mexican tariffs could help home buyers and homeowners looking to refinance. Worried investors moved more money into bonds, which nudged the average 30-year fixed-rate mortgage down to 3.82% – a decline from last week’s 3.92%, the first to break below […]
The Federal Housing Finance Agency (FHFA) announced in November 2018 that the maximum conforming loan limits for mortgages to be acquired by Fannie Mae and Freddie Mac in 2019 would be raised again to $484,350. The average increase for the House price Index rose 6.9% for the year which is the reason for the increase […]
How are Purchase Loans Made? Steps to Homeownership: Before you get started looking for homes, it is good to do some preparation, so when you find the home you’re looking for, you are ready to make an offer and will have a smooth process until closing. Pre-Qualification and Pre-Approval: 1. Pre-qualification or Pre-Approval – […]
Rates for 30-year fixed mortgages fell to the lowest level of the year last Thursday and near historical all-time lows. Following is a chart of the Freddie Mac Primary Mortgage Market Survey (PMMS) showing last weeks average national rates (June 10, 2010 PMMS Survey) for 30 year and 15- year fixed rates and 5- and […]
It’s important for buyers to know what your closing costs and mortgage payments are going to be when you start to look for a home and get pre-qualified. I’ve prepared a Buyer’s Estimated Closing Costs Pro-Forma: 80% FRM Loan, 6.5% Int., 10-21-07 (pdf) based on a specific scenario that shows total proposed closing costs, estimated […]
In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “October’s consumer confidence fell to its lowest level since October 2005 as mortgage rates continued to decline this week to their lowest level in almost six months. Continued market concerns about weaker economic growth and further declines in […]
In this week’s Mortgage Interest Rate Survey, Frank Nothaft, Freddie Mac vice president and chief economist said, “Both economic indicators and mortgage rates came in mixed this week. While retail sales were stronger in September, consumer confidence fell below market expectations in October. Moreover, both the core consumer price index and producer prices for September […]
In this week’s Mortgage Interest Rate Survey, according to Freddie Mac rates jumped another 5 basis points or .5/100%. “The interest rates on fixed-rate mortgages increased further following stronger growth in orders for durable goods,” said Frank Nothaft, Freddie Mac vice president and chief economist. “Recent reports have indicated that economic growth outside of the […]
1973 SW Savage Blvd., Port St Lucie, FL 34953