Mortgage Rates Stage for Start of Spring Homebuying Season
(firmenpresse) - MCLEAN, VA -- (Marketwire) -- 03/21/13 -- (OTCQB: FMCC) today released the results of its (PMMS®), showing average fixed mortgage rates reversing course from the previous week and heading lower with the start of the spring homebuying season. As of this week, the 30-year fixed has remained below 4 percent for a year.
(FRM) averaged 3.54 percent with an average 0.8 point for the week ending March 21, 2013, down from last week when it averaged 3.63 percent. Last year at this time, the 30-year FRM averaged 4.08 percent.
this week averaged 2.72 percent with an average 0.7 point, down from last week when it averaged 2.79 percent. A year ago at this time, the 15-year FRM averaged 3.30 percent.
(ARM) averaged 2.61 percent this week with an average 0.6 point, the same as last week. A year ago, the 5-year ARM averaged 2.96 percent.
averaged 2.63 percent this week with an average 0.4 point, down from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.84 percent.
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the and . Borrowers may still pay closing costs which are not included in the survey.
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
"Low and stable inflation is placing downward pressure on fixed mortgage rates. Annual growth in the consumer price has remained at or below 2 percent for the past four months, and for the producer price even lower. This, in part, is why the Federal Reserve monetary policy committee on March 20th lowered the upper end of its inflation for 2013. In addition, our March calls for 30-year fixed mortgage rates to remain below 4 percent throughout this year."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four homebuyers and is one of the largest sources of financing for multifamily housing. . Twitter:
Image Available:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 21.03.2013 - 14:00 Uhr
Sprache: Deutsch
News-ID 241941
Anzahl Zeichen: 0
contact information:
Town:
MCLEAN, VA
Kategorie:
Commercial & Investment Banking
Diese Pressemitteilung wurde bisher 190 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Mortgage Rates Stage for Start of Spring Homebuying Season"
steht unter der journalistisch-redaktionellen Verantwortung von
Freddie Mac (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
