Mortgage Rates
September 27, 2022
If you’re ready to buy the home of your dreams, but rising rates have kept you on the fence, there may be an option – a temporary rate buydown. What’s a temporary rate buydown? With a cost paid by the seller or builder, your loan’s interest rate is ‘bought down’, meaning reduced, for an initial temporary period. There are no surprises; the rate buydown is adjusted each year by a […]
February 27, 2020
Read the full Value Penguin article here: Since 1971, historical mortgage rates for 30-year fixed loans have hit historic highs and lows due to various factors. Using data from Freddie Mac’s Primary Mortgage Market Survey (PMMS), we’ll do a deep dive into what’s driven historical mortgage rate movements over time, and how they affect buying or refinancing a home. In 1971, the same year when Freddie Mac started surveying lenders, […]
April 8, 2019
Homebuyers won big last week as the industry saw the lowest mortgage rates since January 2018. Recent numbers from Freddie Mac reported the average rate on a 30-year fixed mortgage fell to 4.06% percent with an average 0.5 point for the week ending March 28, 2019. Why are mortgage rates taking a nose dive? Freddie Mac’s Chief Economist, Sam Khater, explains that this low point is a crucial indicator that […]