Freddie Mac Home Possible reduces income limits

Freddie Mac has announced changes to their Home Possible mortgage program. Freddie Mac’s Home Possible and Fannie Mae’s Home Ready mortgage programs offers competitive pricing with interest rates and reduced private mortgage insurance premiums for home buyers. [Read more…]

Freddie Mac PMMS reports mortgage rates at a 10 week low

Today Freddie Mac released their Prime Mortgage Market Survey which reports average conforming mortgage rates from last week.

pmms-sept-29-2016

From Freddie Mac Chief Economist, Stan Becketti:

“Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC’s decision to leave rates unchanged. The 30-year fixed-rate mortgage responded by dropping 6 basis points before landing at 3.42 percent — a ten-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high.”

So if you’ve been sitting on the fence, contemplating a refinance – there’s no time like right now.

If your home is located anywhere in Washington state, where I’m licensed, I’m happy to help you. šŸ™‚

 

Freddie Mac PMMS Reports Lowest Mortgage Rates in Three Months

PMMS Jan 14 2016
Freddie Mac’s Primary Mortgage Market Survey reports that mortgage rates continued to trend lower last week with the 30 year fixed conventional mortgage averaging 3.81 with 0.6 points. [Read more…]

Freddie Mac Reports Mortgage Rates Down Last Week

Freddie_Mac_2015-07-30_1110

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Freddie Mac Mortgage Survey reports Mortgage Rates Lower

Freddie Mac’s survey of what mortgage lenders reported for conforming rates last week revealed that mortgage interest rates trended lower. You can see based on the chart below that rates have been bouncing in a tight range, remaining below 4%.

Freddie_Mac_March_26_2015

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Freddie Mac Reports Lowest Mortgage Rates since May 2013

2015-01-15_0807_Fredie_Mac_RatesThis morning, Freddie Mac released their weekly mortgage rate report confirming that the 30 year fixed conforming rate is back to record lows from 19 months ago:
[Read more…]

Freddie Mac report reveals lowest mortgage rates of 2014

Every week, Freddie Mac releases their Prime Mortgage Market SurveyĀ (PMMS) based on a survey a mix of 125 lenders on what committed mortgage rates and points were during the previous week. Based on Freddie Mac’s report, the average rate for a 30 year fixed rate mortgageĀ averaged 3.80 percent with an average 0.6 points. This is down from last week when it averaged 3.93 percent. A year ago at this time, the 30-year averaged 4.47 percent.

Freddie_Mac_Rate_Dec_18

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Freddie Mac Home Possible Mortgage

2013-03-07_0746Freddie Mac’s Home Possible Mortgage is a great mortgage program designed for first time home buyers. What’s so special about this program is that it allows a home buyer to qualify for dramatically reduced mortgage insurance premiums with a minimum down payment. Ā The down payment may be gifted by a family member. No reserves are required for a single family dwelling.

[Read more…]