Tag Archive for ‘freddie mac’

30-Year Mortgage Rate At The Highest Level In Nearly Eight Years

Information compiled by Freddie Mac shows that mortgage rates are continuing to increase after a slight slowdown in the summer months. The 30-year FRM – Commitment rate, inched up considerably by 20 basis points to 4.83 percent from 4.63 percent in September. The October increase of the 30-year FRM – Commitment rate, is the highest level since the beginning of… Read More ›

Slight Increase in Mortgage Rates in August

The Federal Housing Finance Agency reported that mortgage rates on purchases of newly built homes (MIRS) rose by three basis points over the month of August 2018 to 4.63 percent, marking the tenth consecutive monthly increase. The FHFA contract rate for newly-built homes, also inched up one basis points to 4.63 percent in August. Information compiled by Freddie Mac suggests… Read More ›

Mortgage Rates Flatten in July

The Federal Housing Finance Agency reported that mortgage rates on purchases of newly built homes (MIRS) rose by one basis points over the month of July 2018 to 4.60 percent, marking the ninth consecutive monthly increase. The FHFA contract rate for Newly-built homes, also inched up 3 basis points to 4.62 percent in July. However, information compiled by Freddie Mac… Read More ›

Household Debt Outstanding Rises as Mortgage Debt Expands

Aggregate household debt outstanding totaled $12.116 trillion in the fourth quarter of 2015, 2.4%, $289 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 0.6%, $56 billion. The increase in housing-related debt outstanding reflected… Read More ›

Mortgage Debt Outstanding Expands

Aggregate household debt outstanding totaled $12.065 trillion in the third quarter of 2015, 3.5%, $355 billion, greater than its level of one year ago. According to the report released by the Federal Reserve Bank of New York, housing-related debt, mortgages and home equity lines of credit rose by a combined amount of 1.3%, $109 billion. Mortgage debt outstanding rose by… Read More ›