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Posts Tagged ‘one year treasury’

Thirty-year Mortgage near Record Low

May 3rd, 2013 Comments off

For the fifth consecutive week, according to what nationalmortgagenews tells MHProNews, the average 30-year fixed-rate mortgage (FRM) has dropped to 3.35 percent, and is now closing in on the record low of 3.31 percent set the week of Nov. 21, 2012. The fixed-rate 15-year mortgage set a new record low at 2.56 percent for the week ending May 2. A one-year average Treasury adjustable-rate mortgage (ARM) fell three basis points to 2.62%. One year ago weekly rate averages were 3.84% for a 30-year FRM and 3.07% for a 15-year FRM. A five-year Treasury hybrid was 2.85 percent, and a one-year Treasury ARM was 2.7 percent.

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Average 30-year FRM Rises

December 21st, 2012 Comments off

According to originationnews, for the week ending Dec. 20 Freddie Mac says the average rate for a 30 year fixed-rate mortgage (FRM) rose by five basis points to 3.37 percent while the average 15-year FRM dropped one point to 2.65 percent. The average rate for a five-year Treasury-indexed hybrid adjustable rate mortgage (ARM) rose one point to 2.71 percent, while the-one year Treasury ARM dropped one point to 2.52 percent. As MHProNews has learned, one year ago the average 30-year FRM hit 3.91 percent, average 15-year FRMs were at 3.21 percent, five-year Treasury-indexed hybrids averaged 2.85 percent and one-year Treasury ARMs were 2.77 percent.

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30 and 15 Year Mortgages Hit New Lows

November 21st, 2012 Comments off

OriginationNews tells MHProNews the average 30-year mortgage rate dropped to a new record low, 3.31% in Freddie Mac’s weekly survey. During the week ending Nov. 21 the 15-year mortgage rate also set a record, dropping to 2.63% from 2.65% the previous week. Shorter-term rates moved little or none, as the five-year hybrid remained at 2.74%, and the one year Treasury-indexed ARM (adjustable rate mortgage) rose one basis point to 2.56%. By comparison, a year ago the 30-year fixed mortgage was 3.98%, the 15-year mortgage hit 3.3%, five-year Treasury hybrids were 3.91%, and the one-year Treasury ARMs were 2.79%.

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30-Year FRM Slides, Mortgage Apps Slow

September 6th, 2012 Comments off

According to information from Freddie Mac, as originationnews says, the average for a fixed rate 30-year mortgage fell four points during the week ending Sept. 6 to 3.55%, compared to 4.12% a year ago. The Mortgage Bankers Association (MBA) tells MHProNews mortgage applications have fallen recently but lenders report the pipelines remain strong. Meanwhile, the average 15-year mortgage remained at 2.86%, the same as the week before. The five-year Treasury-indexed hybrid ARM dropped three basis points to 2.75%, while the rate for a one-year Treasury ARM fell two basis points to 2.61%.

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30-year FRM Keeps Falling

July 6th, 2012 Comments off

NationalMortgageNews reports Freddie Mac says ten out of the last eleven weeks the average fixed-rate 30-year mortgage (FRM) has set new lows, with the week just ending July 5 marking another one at 3.62 percent. The average 15-year FRM fell to 2.89 percent. The average five-year hybrid remained at 2.79 percent, while the average one-year Treasury adjustable rate mortgage (ARM) was 2.68 percent. MHProNews.com has learned a year ago the average 30-year rate was 4.6 percent, while the average 15-year rate was 3.75 percent. The average five-year treasury hybrid was the same 2.79 percent, but the one-year Treasury ARM was 2.74 percent.

(Image credit: BankRate)

FRMs Drop to New Lows

May 4th, 2012 Comments off

In Freddie Mac’s weekly primary market survey, the average rate for a 30-year fixed rate mortgage (FRM) fell to 3.84% from 3.88% a week earlier, marking a new low, according to OriginationNews. The previous low was 3.87% for the week ending Feb. 9. The 15-year FRM also fell to a new low for the week ending May 3, dropping from 3.12% to 3.07%. Previously the lowest rate was 3.11%, recorded the week ending April 12. The five-year Treasury hybrid loan stayed at 2.85%, while the one-year Treasury ARM fell four basis points to 2.7%. MHProNews.com has learned the 30-year FRM averaged 4.71% a year ago, while the 15-year FRM averaged 3.89%, the five-year Treasury hybrid was 3.47%, and the one-year Treasury ARM averaged 3.14%.

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Mortgage Rates Down from One Year Ago

December 31st, 2011 Comments off

MHProNews.com has learned from OriginationNews that according to Freddie Mac, mortgage rates are well below comparable rates from a year ago even though they edged up a little from last week. The average rate for a 30-year fixed rate mortgage (FRM) rose four basis points to 3.95 from last week, but well below the 4.86 percent from a year ago. Similarly, the average 15-year FRM gained three basis points to 3.24 percent from last week, compared to 4.2 percent at the end of last year. The average rate for a Treasury-hybrid adjustable rate mortgage (ARM) for the week ending Dec. 29 was 2.88 percent, as opposed to 3.77 percent a year ago; and the one year Treasury ARM stood at 2.78 percent this week, compared to 3.26 percent at last year’s end.

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