Archive for Freddie Mac Reports

Lower Mortgage Rates Driving Loan Applications Higher

By · May 13, 2011 · Filed in Freddie Mac Reports · Comments Off

Freddie Mac reported yesterday that the average rate on fixed rate 30-year home loans fell to 4.63 % for the week. That is the lowest conventional and FHA rates we have reported since December 9, 2010.  The Mortgage Bankers Association’s weekly report noted that home refinancing activity spiked 9% last week mostly because of the availability of lower interest rates for homeowners that were not able to refinance last year when mortgage refinance rates fell to record lows. MBA also indicated that the purchase loan volume increased 6.7%.  Read the original article > Home Loan Rates Drop to 5 Month Low.