Latest Frank Nothaft Stories

Interest rates for 30-year, fixed-rate U.S. mortgages rose in the week ending June 25, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.42 percent with an average 0.7 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.38 percent. A year ago, the average rate was 6.45 percent. At 4.87 percent with an average 0.7 points, the 15-year, fixed-rate average declined from a week ago, when the interest rates...

Interest rates for U.S. mortgages fell in the past week in part due to low inflation, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.38 percent with an average 0.7 points in the week ending June 18, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.59 percent with an average 0.7 points. A year ago, the average rate was 6.42 percent. At 4.89 percent with an average 0.7 points, the 15-year, fixed-rate average also declined,...

Interest rates for 30-year, fixed-rate U.S. mortgages rose in the week ending June 11, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.59 percent with an average 0.7 points in the week. In the previous week, 30-year, fixed-rate mortgages averaged 5.29 percent. A year ago, interest rates averaged 5.97 percent. At 5.06 percent with an average 0.7 points, the 15-year, fixed-rate average also rose from the previous week's average, which was 4.79...

Interest rates for 30-year, fixed-rate U.S. mortgages increased in the week ending May 14, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.86 percent with an average 0.6 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 4.84 percent. A year ago, the average rate was 6.01 percent. At 4.52 percent with an average 0.6 points, the 15-year, fixed-rate average also rose, climbing slightly above the previous...

Interest rates for 30-year, fixed-rate U.S. mortgages set a record low for the second consecutive week, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.85 percent with an average 0.7 points in the week ending March 26, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 4.98 percent. A year ago, the rates averaged 5.85 percent. The long-term rate have not been lower in the life of Freddie Mac's weekly survey, which began in...

Interest rates for 30-year, fixed-rate U.S. mortgages rose slightly in the week ending Feb. 26, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.07 percent with an average 0.7 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.04 percent. A year ago, interest rates averaged 6.24 percent. At 4.68 percent with an average 0.7 points, the 15-year, fixed-rates were unchanged from the previous week. A year ago,...

Interest rates for 30-year, fixed-rate U.S. mortgages rose modestly in the week ending Feb. 5, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.25 percent with an average 0.8 points in the week, up from the previous week, when interest rates were 5.1 percent. A year ago, interest rates for 30-year fixed-rate mortgages were 5.67 percent. At 4.92 percent with an average 0.8 points, the 15-year, fixed-rate average also rose. Last week, interest...

U.S. mortgage interest rates held close to steady in the week ending Jan. 29, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 5.1 percent with an average 0.7 points in the week, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.12 percent. A year ago they averaged 5.68 percent. At 4.8 percent with an average 0.7 points, the 15-year, fixed-rate average was unchanged from a week ago. Mortgage rates held steady this week, said...

Interest rates for 30-year, fixed-rate U.S. mortgages fell to the lowest level since 1971, the Federal Home Loan Mortgage Corp. said Thursday. The 30-year, fixed-rate mortgage averaged 4.96 percent with an average 0.7 points in the week ending Jan. 15, Freddie Mac said. A week ago, 30-year, fixed-rate mortgages averaged 5.01 percent with an average 0.7 points. It was the 11th consecutive week of declines, Freddie Mac said. A year ago, the rates averaged 5.69 percent. At 4.65 percent with an...

Interest rates for 30-year, fixed-rate U.S. mortgages fell dramatically during the week, the Federal Home Loan Mortgage Corp. said Thursday. Thirty-year fixed-rate mortgage rates are now almost a full percentage point lower since the last week in October, said Frank Nothaft, Freddie Mac vice president and chief economist. The 30-year, fixed-rate mortgage dropped from 5.97 percent with an average 0.7 points to 5.53 percent, in the week ending Dec. 3, Freddie Mac said. Rates for these...