Feds raise Funds Rate

This morning the Fed raised the Federal Funds Rate this morning by 0.25% to 1.00%. Although the Fed does not directly control mortgage rates, this move will most likely cause mortgage rates to continue to trend higher. The Fed Funds rate does directly impact home equity lines of credit interest rates that are attached to the prime rate. [Read more…]

Freddie Mac reports interest rates at their highest of 2017

Today Freddie Mac released their Prime Mortgage Market Survey which basically shows an average of conforming rates for the previous week. The report shows mortgage rates at their highest for 2017 with the 30 year fixed rate at 4.21% priced with a half point. 

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Mortgage interest rates stabilizing

Freddie Mac’s PMMS was released this morning showing that mortgage appear to be calming down…for now.

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Mortgage rates lower in 2017…so far…

I was going to do a cheesy post on New Years exclaiming that mortgage rates are the lowest in 2017…although technically speaking, you could also say they are the highest of 2017! Obviously I opted to not do that post and to instead, share Freddie Mac’s Primary Mortgage Market Survey which shows that rates have improved a bit.

pmms-2017-jan-5
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Big Day with the Fed! [LIVE POST]

20140504_210758It’s been a while since I’ve done a live post. I think today calls for a live post since the FOMC is meeting and it’s highly anticipated they will decide to increase rates. Mortgage rates have been steadily climbing since mid-November following the elections. There are several factors that are influencing the upward move in rates, including what appears to be a better economy along with signs of inflation. [Read more…]

Mortgage rates at 2 year highs

Mortgage rates continue to trend higher as confirmed by Freddie Mac’s weekly Prime Mortgage Market Survey released this morning.

2016-12-08-pmms

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Mortgage rates continue to climb higher

Freddie Mac released their Prime Mortgage Market Survey (PMMS) this morning showing rates continuing to move higher.

2016-12-01-pmms
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Mortgage rates “spike” following the election

The graph from this morning’s PMMS report illustrates the dramatic jump in mortgage rates that happened following last week’s Presidential election. Mortgage rates, although still low, haven’t been in this range since January 2016.

2016-11-17-pmms

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