Mortgage Marketing Associates Rate History

Mortgage Rates Increase Marginally

2009-10-24T22:33:00.003-05:00

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

Average 30-year fixed mortgage rates increased 8/100's of a percent in the week ending October 22, 2009, according to a nationwide survey of mortgage lenders by Freddie Mac. 15-year fixed rates increased 7/100's while 5-year adjustable rates rose only 2/100's of a percent.

Meanwhile 1-year adjustable rates dropped 6/100's of a percent.

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Your Home

Mortgage Rates Drop

2007-04-19T18:45:00.000-05:00

Mortgage rates made a significant drop this past week according to a report from the Federal Home Loan Mortgage Corporation (Freddie Mac). Freddie reported that nationwide average 30-year fixed rate mortgages dropped from 6.22% in its previous report to 6.17% in its latest report period. The report was issued today.

15-year fixed rate mortgages also fell slightly from 5.90% last week to 5.89% this week. 5-year adjustable rate mortgages fell to 5.92%, which is down slightly from 5.93% the previous week.

1-year adjustable rate mortgages dropped to 5.45%, compared to 5.47% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.17%	6.22%
15-year Fixed	5.89%	5.90%
5-year ARM	5.92%	5.93%
1-year ARM	5.45%	5.47%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Free Mortgage Rate Float Down

Mortgages Rates Bounce Upward

2007-04-12T19:03:00.000-05:00

Nationwide average mortgage rates bounced upward this past week according to The Federal Home Loan Mortgage Corporation (Freddie Mac), with 30-year fixed rate mortgages averaging 6.22%, which is a hefty bump from last week's average rate of 6.17%. Freddie released the statistics today in its Weekly Primary Mortgage Market Survey.

15-year fixed rate mortgages also reported an increase from 5.87% in last week's survey to 5.90% in this week's report. 5-year adjustable rate mortgages rose from 5.92% the previous week to 5.93% this week.

Meanwhile, 1-year adjustable rate mortgages came in at 5.47%, which is up from 5.44% last week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.22%	6.17%
15-year Fixed	5.90%	5.87%
5-year ARM	5.93%	5.92%
1-year ARM	5.47%	5.44%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Real Estate News

Mortgages Rates Sneak Upwards

2007-04-05T16:56:00.000-05:00

Nationwide average mortgages resumed sneaking upwards this past week according to a report from Freddie Mac (Federal Home Loan Mortgage Corporation). Freddie stated in its latest Weekly Primary Mortgage Market Survey that 30-year fixed mortgage rates averaged 6.17% in the latest reporting period. This is a slight increase from 6.16% last week.

Meanwhile, 15-year fixed mortgage rates also increased slightly from 5.86% the previous week to 5.87% in the latest reporting period. 5-year adjustable rate mortgages also posted a significant uptick from 5.88% to 5.92% this past week.

One-year adjustable rate mortgages averaged 5.44%, which is only a small increase from the rate of 5.43% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.17%	6.16%
15-year Fixed	5.87%	5.86%
5-year ARM	5.92%	5.88%
1-year ARM	5.44%	5.43%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Our Mortgage Blog

30-year Mortgage Rates Flat, shorter term Rates Drop

2007-03-29T21:34:00.000-05:00

30-year fixed rate mortgage rates remained flat this past week at 6.16% according to the Weekly Primary Mortgage Market Survey released today by Freddie Mac, or the Federal Home Loan Mortgage Corporation. Freddie releases the results of its weekly survey on Thursdays.

15-year fixed rate mortgages managed a slight decrease and dropped from 5.90% last week to 5.86% this week. Meanwhile, five-year adjustable rate mortgages also fell from 5.91% to 5.88% in the latest survey.

One-year adjustable rate mortgage rates increased slightly to 5.43%, which is up from the rate of 5.40% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.16%	6.16%
15-year Fixed	5.86%	5.90%
5-year ARM	5.88%	5.91%
1-year ARM	5.43%	5.40%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Free Mortgage Rate Floatdown

Mortgage Rates Move Upward

2007-03-22T20:58:00.000-05:00

Nationwide average mortgage rates moved upward this past week according to a report by the Federal Home Loan Mortgage Corporation (Freddie Mac). Freddie reported in its Primary Mortgage Market Survey that 30-year fixed rate mortgages were averaging 6.16% this past week. This is up from 6.14% the previous week.

15-year fixed mortgage rates also increased from 5.88% in the previous report to 5.90% in the latest survey. 5-year adjustable rate mortgages nudged up to 5.91% from 5.90% the prior week.

Meanwhile, one-year adjustable rate mortgages fell from 5.42% to 5.40%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.16%	6.14%
15-year Fixed	5.90%	5.88%
5-year ARM	5.91%	5.90%
1-year ARM	5.40%	5.42%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
How to use your 401k for your down payment

Mortgage Rates Virtually Unchanged

2007-03-15T20:48:00.000-05:00

The Federal Home Loan Mortgage Corporation (Freddie Mac) reported in its latest report that nationwide average mortgage rates remained unchanged this past week. In its recently released Primary Mortgage Market Survey Freddie stated that 30-year fixed rate mortgage rates remained stable at 6.14%, the same rate as the previous week.

15-year fixed rate mortgage rates edged up slightly from 5.86% to 5.88% in the survey. 5-year adjustable rate mortgage rates were also unchanged from the previous survey coming in at 5.90%.

One-year adjustable rate mortgage rates posted a significant fall from 5.47% the prior week to 5.42% this week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.14%	6.14%
15-year Fixed	5.88%	5.86%
5-year ARM	5.90%	5.90%
1-year ARM	5.42%	5.47%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Free Mortgage Rate Floatdown

Mortgage Rates Down Once Again

2007-03-08T16:26:00.000-06:00

Nationwide average mortgage rates dipped downward once again this past week according to the Primary Mortgage Market Survey recently released by the Federal Home Loan Mortgage Corporation (Freddie Mac). Freddie reported that 30-year fixed rate mortgages averaged 6.14% in the latest survey, which is down from 6.18% the previous week.

15-year fixed rate mortgages also dropped from 5.92% the previous week to 5.86% this week. Five-year adjustable rate mortgages showed a similar decline with an average rate of 5.90% this week compared to 5.93% the prior week.

Meanwhile, one-year adjustable rate mortgages posted a drop to 5.47% in the latest survey, which is down from 5.49% in the previous survey.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.14%	6.18%
15-year Fixed	5.86%	5.92%
5-year ARM	5.90%	5.93%
1-year ARM	5.47%	5.49%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Homeowner puts too much into home improvements

Mortgage Rates Slide

2007-03-01T13:57:00.000-06:00

The Federal Home Loan Mortgage Corporation (Freddie Mac) reported that nationwide average mortgage rates fell in the past week. Freddie's Primary Mortgage Market Survey listed average 30-year fixed rate mortgages at 6.18%, which is down from the 6.22% rate reported by Freddie the previous week.

15-year fixed rate mortgages showed an even greater decline from 5.97% reported the previous week to 5.92% reported in the latest survey.

5-year adjustable rate mortgages slipped to 5.93%, which is down from the rate of 5.97% reported previously. One-year adjustable rate mortgages bucked the downward trend, however, by remaining unchanged at 5.49%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.18%	6.22%
15-year Fixed	5.92%	5.97%
5-year ARM	5.93%	5.96%
1-year ARM	5.49%	5.49%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Unwind at McCafferty's Pub

Mortgage Rates Drop

2007-02-22T18:37:00.000-06:00

Nationwide average mortgage rates posted a significant drop this past week according to the Primary Mortgage Market Survey released by the Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages posted an average of 6.22% in Freddie's latest survey. This is down from 6.30% the previous week.

15-year fixed rate mortgages also showed a significant decrease, from 6.03% last week to 5.97% this week. Meanwhile, 5-year adjustable rate mortgages fell from 6.01% in the previous survey to 5.96% in the latest report.

1-year adjustable rate mortgages followed the downward trend coming in at an average of 5.49% compared to a rate of 5.52% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.22%	6.30%
15-year Fixed	5.97%	6.03%
5-year ARM	5.96%	6.01%
1-year ARM	5.49%	5.52%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
How to use for 401k for your down payment

Mortgage Rates Back Up

2007-02-15T13:44:00.000-06:00

Nationwide average mortgage rates inched upwards in the past week according to a report by The Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages were quoted in Freddie Mac's weekly Primary Mortgage Market Survey as averaging 6.30%, which is up from 6.28% in the previous week's survey. Mortgage rates in the previous survey, which is published weekly, had posted a significant fall.

15-year fixed rate mortgages averaged 6.03%, which is up an insignificant 1/100th of a percent from the previous week's rate of 6.02%.

Five-year adjustable rate mortgages also posted a small increase, from 5.99% to 6.01% this week. Meanwhile, one-year adjustable rate mortgages averaged 5.52%, which is 3/100th of a percent higher than the 5.49% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.30%	6.28%
15-year Fixed	6.03%	6.02%
5-year ARM	6.01%	5.99%
1-year ARM	5.52%	5.49%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Free Mortgage Rate Floatdown

Mortgage Rates Drop

2007-02-08T13:28:00.000-06:00

Nationwide average mortgage rates posted a significant drop this past week according to a report by The Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages were quoted in Freddie's weekly Primary Mortgage Market Survey as averaging 6.28%. That is down from 6.34% in the previous week's survey. Freddie publishes their survey weekly for a variety of mortgage types.

15-year fixed rate mortgages averaged 6.02%, which is also down from 6.06% the previous week.

Meanwhile, five-year adjustable rate mortgages came in at a rate of 5.99%. The five-year had broken above the 6% barrier a week earlier with an average of 6.04%.

One-year adjustable rate mortgages were quoted an average of 5.49%, which is significantly lower than the 5.54% rate of a week earlier.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.28%	6.34%
15-year Fixed	6.02%	6.06%
5-year ARM	5.99%	6.04%
1-year ARM	5.49%	5.54%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
How to Protect your Mortgage Rate from Dropping

Mortgage Rates Jump

2007-02-01T15:30:00.000-06:00

Mortgage rates posted a significant jump in the the latest report issued by Freddie Mac (the Federal Home Loan Mortgage Corporation). Freddie stated in its Primary Mortgage Market Survey that nationwide average 30-year fixed rate mortgage rates posted an increase from 6.25% in last week's report to 6.34% this week. This is the fourth increase in as many weeks.

15-year fixed rate mortgages also rose from 5.98% last week to 6.06% in this week's report.

Five-year adjustable rate mortgages posted a rise to 6.04% compared to the 6.00% rate listed in the previous week, while one-year adjustable rate mortgages also posted a significant increase from 5.49% to 5.54%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.34%	6.25%
15-year Fixed	6.06%	5.98%
5-year ARM	6.04%	6.00%
1-year ARM	5.54%	5.49%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Use your 401k for your new home's down payment

Mortgage Rates Inch Up Again

2007-01-25T23:32:00.000-06:00

Nationwide average mortgage rates continued their recent climb according to the latest Primary Mortgage Market Survey released by Freddie Mac (the Federal Home Loan Mortgage Corporation). In its latest report, Freddie Mac stated that 30-year fixed rate mortgages posted an increase from 6.23% in the previous report to 6.25% this week.

15-year fixed rate mortgages, however, reversed the trend by remaining unchanged at 5.98%.

Five-year adjustable rate mortgages dropped from 6.04% the previous week to 6.0% in this week's report. One-year adjustables also fell to 5.49% compared to 5.51% in the report from a week earlier.

The increase in long term mortgage rates and the decrease in short term rates are actually a good omen for the economy because some economists believe that an inverted yield curve is a negative sign for the economy and can foretell an impending recession.

An inverted yield curve occurs when short term interest rates rise higher than long term rates. This has happened with mortgage rates in the recent past, so a change toward the other direction is welcome in the mortgage industry.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.25%	6.23%
15-year Fixed	5.98%	5.98%
5-year ARM	6.00%	6.04%
1-year ARM	5.49%	5.51%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Fixed Rate Mortgage or ARM: Which is Better?

Mortgage Rates Up Again

2007-01-18T11:46:00.000-06:00

Freddie Mac reported this week that 30-year fixed mortgage rates increased again. Freddie (the Federal Home Loan Mortgage Corporation) released it's latest Primary Mortgage Market Survey, which showed that 30-year fixed mortgage rates increased to a nationwide average of 6.23%, which is up from 6.21% last week.

15-year fixed mortgage rates also increased slightly from 5.96% to 5.98%.

Meanwhile, five-year adjustable mortgage rates climbed ever so slightly from 6.03% to 6.04%, and one-year adjustable rate mortgages came in at 5.51%, a substantial increase from the 5.44% rate from last week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.23%	6.21%
15-year Fixed	5.98%	5.96%
5-year ARM	6.04%	6.03%
1-year ARM	5.51%	5.44%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Eliminate Mortgage payments with a Reverse Mortgage

Mortgage Rates Continue Upward Trend

2007-01-11T19:07:00.000-06:00

30-year fixed mortgage rates continued their gradual ascent according to the latest report from Freddie Mac (the Federal Home Loan Mortgage Corporation). In Freddie's latest Primary Mortgage Market Survey 30-year fixed mortgage rates increased to a nationwide average of 6.21%, which is up from 6.18% last week.

15-year fixed mortgage rates also increased this past week from 5.94% to 5.96% in the latest survey.

Meanwhile, five-year adjustable mortgage rates rose slightly from 6.02% to 6.03%. One-year adjustable rate mortgages averaged 5.44%, which is an increase from last week's 5.42%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.21%	6.18%
15-year Fixed	5.96%	5.94%
5-year ARM	6.03%	6.02%
1-year ARM	5.44%	5.42%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Do I have to prove where my home's down payment comes from?

Mortgage Rates Unchanged

2007-01-04T16:37:00.000-06:00

30-year fixed mortgage rates averaged 6.18% in the week ended Jan. 4, unchanged from the previous week, according to the Federal Home Loan Mortgage Corporation's (Freddie Mac) Primary Mortgage Market Survey, which was released today.

The 15-year fixed mortgage this week averaged 5.94%, which is up slightly from 5.93% last week. Meanwhile rates for five-year adjustable rate mortgages rose to 6.02% from 5.98% the previous week.

One-year adjustable rate mortgages, however, decreased from 5.47% last week to 5.42% this week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.18%	6.18%
15-year Fixed	5.94%	5.93%
5-year ARM	6.02%	5.98%
1-year ARM	5.42%	5.47%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Avoid these Home Buying Mistakes

Mortgage Rates Inch Upward

2006-12-28T12:41:00.000-06:00

Rates on 30-year mortgages rose for a third straight week as the 30-year fixed rate mortgage rose to 6.18% according to the latest report from the Federal Home Loan Mortgage Corporation (Freddie Mac). That is an increase from 6.13% reported the previous week.

15-year fixed rate mortgages also increased from 5.89% to 5.93%. Meanwhile, the 5-year adjustable rate mortgage rose to 5.98%, up from 5.96% last week.

1-year adjustable rates came in at 5.47%, an increase from the previous week's rate of 5.44%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.18%	6.13%
15-year Fixed	5.93%	5.89%
5-year ARM	5.98%	5.96%
1-year ARM	5.47%	5.44%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Lock your Rate or Float?

Mortgage Rates Stable

2006-12-21T15:10:00.000-06:00

Mortgage rates remained virtually unchanged in the latest report from Freddie Mac, the Federal Home Loan Mortgage Corportion. In the report for the last week
Freddie said 30-year fixed rate mortgages averaged 6.13%, which is an insignificant change from the 6.12% reported in the previous week.

Rates on 15-year fixed rate mortgages rose slightly from 5.86% the week previously to 5.89% last week.

Meanwhile, 5-year adjustable rate mortgages increased from 5.92% to 5.96%, and 1-year adjustable rate mortgage edged downward from 5.45% to 5.44%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.13%	6.12%
15-year Fixed	5.89%	5.86%
5-year ARM	5.96%	5.92%
1-year ARM	5.44%	5.45%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Tips to Improve your home's Curb Appeal

Mortgage Rates Inch Upward

2006-12-14T19:02:00.000-06:00

Mortgage rates inched upward in the last week according to a report from the Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages averaged 6.12% in Freddie Mac's latest report, which is barely an increase from 6.11% the week before.

15-year fixed rate mortgages averaged 5.86%, up slightly from 5.84% last week.

Five-year adjustable rate mortgages remained unchanged at 5.92%, while one-year adjustables rose from 5.43% to 5.45%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.12%	6.11%
15-year Fixed	5.86%	5.84%
5-year ARM	5.92%	5.92%
1-year ARM	5.43%	5.45%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Five House Hunting Tips

Mortgage Rates Climb

2006-10-12T15:18:00.000-05:00

Mortgage rates climbed considerably in the last week according to a report from the Federal Home Loan Mortgage Corporation (Freddie Mac). 30-year fixed rate mortgages averaged 6.37% in Freddie Mac's latest report, which is an increase from 6.30% the week before.

15-year fixed rate mortgage rates also climbed, from 5.98% the previous week to 6.06% last week.

5-year adjustable rate mortgages reported in at 6.10%, which is a jump from the previous week's rate of 6.00%.

Meanwhile, 1-year adjustables averaged 5.56%, up from 5.46% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.37%	6.30%
15-year Fixed	6.06%	5.98%
5-year ARM	6.10%	6.00%
1-year ARM	5.56%	5.46%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Home Buying Tips

Mortgage Rates Back Down

2006-09-14T15:21:00.000-05:00

Nationwide avergage mortgage rates resumed their recent rollercoaster ride by dipping back downward last week according to a report issued by Freddie Mac, a nationwide purchaser of mortgages on the secondary market. 30-year fixed rate mortgages averaged 6.43%, which is down slightly from 6.47% the previous week. Rates had increased in Freddie Mac's previous report last week.

15-year fixed rate mortgages averaged 6.11%, which is also down from 6.16% the week before.

5-year adjustable rate mortgages came in at 6.10%, a bit lower than the 6.14% rate from the previous week. Meanwhile one-year adjustable rate mortgages averaged 5.60%, also down from 5.63% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.43%	6.47%
15-year Fixed	6.11%	6.16%
5-year ARM	6.10%	6.14%
1-year ARM	5.60%	5.63%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Reverse Mortgage Ideas

Mortgage Rates Nudge Up

2006-09-07T19:03:00.000-05:00

Nationwide avergage mortgage rates nudged upward last week according to a report from Freddie Mac, a nationwide purchaser of mortgages on the secondary market. 30-year fixed rate mortgages averaged 6.47%, and that is up somewhat from 6.44% the previous week.

15-year fixed rate mortgages averaged 6.16%, also up from 6.14% the week before.

5-year adjustable rate mortgages came in at 6.14%, just a bit higher than the 6.11% rate from the week before. Meanwhile one-year adjustable rate mortgages averaged 5.63%, up somewhat from 5.59% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.47%	6.44%
15-year Fixed	6.16%	6.14%
5-year ARM	6.14%	6.11%
1-year ARM	5.63%	5.59%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
More on Mortgages

Mortgage Rates Inch Downward

2006-08-31T19:10:00.000-05:00

Nationwide avergage mortgage rates inched slightly downward this past week according to a report from Freddie Mac, a nationwide purchaser of mortgages on the secondary market. 30-year fixed rate mortgages averaged 6.44% this past week, which is down somewhat from 6.48% the previous week.

15-year fixed rate mortgages averaged 6.14%, down from 6.18% the week before.

5-year adjustable rate mortgages came in at 6.11%, which is just slightly lower than the 6.14% rate from the previous week. Meanwhile one-year adjustable rate mortgages averaged 5.59%, barely changed from 5.60% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.44%	6.48%
15-year Fixed	6.14%	6.18%
5-year ARM	6.11%	6.14%
1-year ARM	5.59%	5.60%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Avoid These Home Buying Mistakes

Mortgage Rates Nudged Downward

2006-08-24T09:43:00.000-05:00

Nationwide avergage mortgage rates edged slightly downward this past week according to a report from Freddie Mac, a large purchaser of mortgages on the secondary market. 30-year fixed rate mortgages averaged 6.48% this past week, down from 6.52% the previous week.

15-year fixed rate mortgages averaged 6.18%, which is down slightly from 6.20% the week before.

5-year adjustable rate mortgages posted an average of 6.14%, compared to 6.18% the previous week. Meanwhile one-year adjustable rate mortgages averaged 5.60%, down from 5.65% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.48%	6.52%
15-year Fixed	6.18%	6.20%
5-year ARM	6.14%	6.18%
1-year ARM	5.60%	5.65%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Home Buying Tips

Mortgage Rates Inch Downward

2006-08-17T19:40:00.000-05:00

Nationwide average mortgage rates nudged slightly downward last week according to the latest report from mortgage purchaser, Freddie Mac. 30-year fixed rate mortgages averaged 6.52%, which is down somewhat from the previous week's rate of 6.55%.

Freddie Mac, which is one of the largest purchasers of mortgages nationwide and reports average mortgage rates on a weekly basis, also reported that 15-year fixed rate mortgages averaged 6.20% this week. That number is unchanged from the previous week.

5-year adjustable rate mortgages averaged 6.18%, which is down from 6.21% the previous week, while one-year adjustable rate mortgages dropped to 5.65%. That is down from 5.69% a week earlier.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.52%	6.55%
15-year Fixed	6.20%	6.20%
5-year ARM	6.18%	6.21%
1-year ARM	5.65%	5.69%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Get Top Dollar When Selling Your Home

Mortgage Rates Down for 3rd Week in Row

2006-08-10T16:45:00.000-05:00

Nationwide average mortgage rates declined again this past week, resulting in rate drops for the past three weeks in a row. Freddie Mac, one of the largest purchasers of mortgage on the secondary mortgage market reported that 30-year fixed rate mortgages averaged 6.55% in the latest reporting period. The previous week's rate was 6.63%.

15-year fixed rate mortgages averaged 6.20%, down compared to the previous week's average of 6.27%.

5-year adjustable rate mortgages came in at 6.21%, down from last week's 6.27%, while the one-year adjustable rate mortgages were unchanged at 5.69%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.55%	6.63%
15-year Fixed	6.20%	6.27%
5-year ARM	6.21%	6.27%
1-year ARM	5.69%	5.69%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
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Mortgage Rates Down Again

2006-08-03T17:00:00.000-05:00

Nationwide average mortgage rates dropped significantly this past week, halting what had been a steady rise until two weeks ago. Secondary market mortgage buyer Freddie Mac reported that 30-year fixed rate mortgages fell to 6.63% this week, down from 6.72% the week before.

15-year fixed rates slipped to 6.27%, a drop from 6.34% the previous week.

5-year adjustable mortgage rates also averaged 6.27%, down from 6.35%. 15-year fixed mortgage rates and 5-year adjustable mortgage rates frequently share similar averages.

1-year adjustable rate mortgages fell to 5.69%, down from 5.78% in the prior week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.63%	6.72%
15-year Fixed	6.27%	6.34%
5-year ARM	6.27%	6.35%
1-year ARM	5.69%	5.78%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Learn how home staging can sell your home for more money

Mortgage Rates Dip

2006-07-27T15:53:00.000-05:00

Nationwide average mortgage rates dipped this past week according to a report from Freddie Mac, a large institutional purchaser of mortgages on the secondary market. 30-year fixed rate mortgages averaged 6.72% this week, down from 6.80% last week.

15-year mortgages dropped to 6.34%, from 6.41% the previous week.

5-year adjustable rate mortgages had a lesser decline, from 6.36% to 6.35% in the last week, while one-year adjustable rate mortgages nudged downward to 5.78% from 5.80% the week before.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.72%	6.80%
15-year Fixed	6.34%	6.41%
5-year ARM	6.35%	6.36%
1-year ARM	5.78%	5.80%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
What Not to do when buying a home

Mortgage Rates Up

2006-07-20T13:26:00.000-05:00

Nationwide average mortgage rates resumed their recent ascent this past week according to Freddie Mac, a large secondary market mortgage buyer. 30-year fixed rates hit 6.80% this past week, which is up from 6.74% the previous week.

15-year mortgage rates also increased, from 6.37% to 6.41%, while 5-year adjustable rate mortgages averaged 6.36%, which is up from last week's 6.33%.

One-year adjustable rate mortgages also rose, from 5.75% to 5.80% in the latest week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.80%	6.74%
15-year Fixed	6.41%	6.37%
5-year ARM	6.36%	6.33%
1-year ARM	5.80%	5.75%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
What is an FHA Loan?

Mortgages Rates dip

2006-07-13T13:42:00.000-05:00

Average nationwide mortgage rates dipped slightly this past week according to a report from secondary-market mortgage purchaser, Freddie Mac. 30-year fixed rate mortgages averaged 6.74%, down from last week's 6.79%.

15-year fixed rates also dropped, to 6.37% from 6.44% the previous week.

5-year adjustable mortgage rates averaged 6.33%, down from 6.39% last week, while the one-year adjustable averaged 5.75% compared to 5.83% last week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.74%	6.79%
15-year Fixed	6.37%	6.44%
5-year ARM	6.33%	6.39%
1-year ARM	5.75%	5.83%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
How to Speed Up your Loan Processing

Mortgage Rates Virtually Unchanged

2006-07-06T18:08:00.000-05:00

Mortgage rates were virtually unchanged in the past week. Secondary market mortgage purchaser Freddie Mac reported that nationwide average 30-year fixed rate mortgages were 6.79% in the latest week, which is barely an increase from last week's 6.78%.

15-year fixed rate mortgage averages also rose only slightly from 6.43% to 6.44%.

5-year adjustable rate mortgages were unchanged at 6.39%, while the one-year adjustable rose from 5.82% to 5.83%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.79%	6.78%
15-year Fixed	6.44%	6.43%
5-year ARM	6.39%	6.39%
1-year ARM	5.83%	5.82%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Real Estate Review

Mortgage Rates Continue Climbing

2006-06-29T12:38:00.000-05:00

Mortgage rates continued their recent ascent according to data released by secondary market mortgage purchaser Freddie Mac. The latest numbers on 30-year fixed rate mortgages showed a current nationwide average of 6.78% compared to a 6.71% average last week.

15-year mortgage averages also increased, to 6.43% from 6.36% the previous week.

5-year adjustable rates averaged 6.39%, up from 6.32% last week, while 1-year adjustable rate mortgages also rose, to 5.82%. The 1-year average was 5.75% last week.

Rates have been rising pretty consistently in recent weeks in response to the Federal Reserve Board's campaign to raise interest rates in general. Most experts predict more increases are in store for the near future.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.78%	6.71%
15-year Fixed	6.43%	6.36%
5-year ARM	6.39%	6.32%
1-year ARM	5.82%	5.75%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Over 225 articles about home buying, selling & financing

Mortgages Rates Bump up again

2006-06-22T15:02:00.000-05:00

Average mortgage rates bumped up significantly this week to the highest level in nearly four years. Freddie Mac, a nationwide purchaser of of pooled mortgages, reported that rates on 30-year, fixed-rate mortgages rose to a nationwide average of 6.71%, up from 6.63% last week.

15-year fixed rate mortgages increased to 6.36%, up from 6.25% last week, while 5-year adjustable rate mortgages increased from 6.23% to 6.32%.

One-year adjustables also increased, to 5.75% from 5.66% last week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.71%	6.63%
15-year Fixed	6.36%	6.25%
5-year ARM	6.32%	6.23%
1-year ARM	5.75%	5.66%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Live Journal Blog

Mortgage Rates Up Slightly

2006-06-15T17:46:00.000-05:00

Mortgage rates resumed rising this week as financial markets became more convinced the Federal Reserve will boost interest rates further in order to keep inflation in check.

Freddie Mac, a large secondary market purchaser of mortgages, reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.63%, up only slightly from 6.62% last week; 15-year, fixed-rate mortgages increased to 6.25% from 6.22% the previous week.

Rates on 5-year, adjustable rate mortgages increased to 6.23% from 6.20% last week, while 1-year adjustables rose to 5.66% from 5.63% the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.63%	6.62%
15-year Fixed	6.25%	6.22%
5-year ARM	6.23%	6.20%
1-year ARM	5.66%	5.63%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Home Loan Info

Mortgage Rates Drop

2006-06-07T19:47:00.000-05:00

Average 30-year fixed mortgage rates fell somewhat this past week according to secondary mortgage market player Freddie Mac. Rates were reported this week at 6.62%, down from 6.67% in the previous week.

15-year fixed rates also fell, averaging 6.23% compared to 6.26% the previous week.

Frank Nothaft, chief economist at Freddie Mac, said that this week’s decline in rates reflected last Friday’s report that the economy created just 75,000 jobs last month, the slowest increase in seven months and a sign that the economy has started to slow.

5-year adjustable rate mortgages which feature a rate fixed for five years before adjustment begins were down to 6.20%, which is less than the 6.26% reported in the previous week.

1-year adjustables came in at 5.63%, down from the 5.68% reported the previous week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.62%	6.67%
15-year Fixed	6.23%	6.26%
5-year ARM	6.20%	6.26%
1-year ARM	5.63%	5.68%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
MMA Blog

Mortgage Rates Climb Further

2006-06-01T12:57:00.000-05:00

Average interest rates on U.S. 30- and 15-year fixed mortgages climbed again this last week, mortgage finance company Freddie Mac reported Thursday. 30-year rates hit an average of 6.67%, while 15-year fixed rate mortgages came in at 6.26%.

Freddie Mac reported that the five-year adjustable averaged 6.26% and the one-year adjustable was 5.68%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.67%	6.62%
15-year Fixed	6.26%	6.23%
5-year ARM	6.26%	6.21%
1-year ARM	5.68%	5.61%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Loan Secrets

Mortgage Rates Inch Up Again

2006-05-25T14:49:00.000-05:00

Average 30-year fixed mortgage rates inched up again this last week to 6.62% from 6.60% the previous week. Mortgages rates have risen eight times in the last nine weeks.

The 15-year fixed rate average also increased from 6.20% to 6.23% this week.

Adjustable rate averages bucked the trend and decreased slightly with the 5-year ARM dropping to 6.21% this week from 6.23% the previous week. One-year ARMs also fell slightly to 5.61% from 5.62%.

Analysts believe that housing will experience a gradual slowing this year but not a crash as long as the Federal Reserve calls a halt soon to its two-year campaign to push interest rates higher to slow the economy and control inflation.

Federal Reserve Chairman Ben Bernanke said last week that while housing is slowing down this year, “this looks to be a very orderly and moderate kind of cooling.”

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.62%	6.60%
15-year Fixed	6.23%	6.20%
5-year ARM	6.21%	6.23%
1-year ARM	5.61%	5.62%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Mortgage Rates Secrets

Mortgage Rates Edge Upward

2006-05-18T18:30:00.000-05:00

Mortgage Company Freddie Mac reported that average mortgage rates edged upward in the latest week. 30-year fixed rate mortgages averaged 6.60% in the last week, up from 6.58% the previous week.

15-year fixed rate mortgages were also up, to 6.20% versus 6.17% the week before, while 5-year adjustable rate mortgages averaged 6.23% compared to 6.22% previously.

One-year ARMs remained steady at 5.62%.

Federal Reserve Chairman Ben Bernanke, speaking in Chicago Thursday, noted the slowing in both home sales and residential construction. “It seems pretty clear now that the U.S. housing market is cooling,” he said.

“Our assessment at this point ... is that this looks to be a very orderly and moderate kind of cooling,” Bernanke added.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.60%	6.58%
15-year Fixed	6.20%	6.17%
5-year ARM	6.23%	6.22%
1-year ARM	5.62%	5.62%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Mortgage Tips

Mortgage Rates Mixed

2006-05-11T01:07:00.000-05:00

Average mortgages rates were mixed in the latest report by Freddie Mac. Nationwide 30-year fixed rate mortgages were down ever so slightly to 6.58% from 6.59% last week.

15-year mortgage rates were down to 6.17% from 6.22% last week.

On the other hand, 5-year adjustable rate averages increased to 6.22% from 6.21% last week.

One-year adjustables dipped to 5.62% from 5.67% last week.

Frank Nothaft, chief economist at Freddie Mac, cautioned that mortgage rates could rise again next week if reports on consumer and wholesale prices re-ignite concerns about inflation.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.58%	6.59%
15-year Fixed	6.17%	6.22%
5-year ARM	6.22%	6.21%
1-year ARM	5.62%	5.67%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Home Loan Info

Mortgage Rates Show Little Change

2006-05-04T18:54:00.000-05:00

Average mortgage rates were barely changed in the latest weekly report by Freddie Mac.

Rates on 30-year mortgages edged upward only slightly to an average of 6.59%, from 6.58% the prior week.

15-year mortgages also changed little rising to an average of 6.22%, from 6.21% last week.

The 5-year ARM, which is set at a fixed rate for five years, then adjusts annually, averaged 6.21%, unchanged from last week, while one-year adjustable rate mortgages averaged 5.67%, down from 5.68% a week earlier.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.59%	6.58%
15-year Fixed	6.22%	6.21%
5-year ARM	6.21%	6.21%
1-year ARM	5.67%	5.68%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Home Financing Secrets

Mortgage Rates Up Again

2006-04-27T21:07:00.000-05:00

Mortgage rates rose again in the last week according to reports from mortgage purchaser Freddie Mac. 30-year, fixed-rate mortgages averaged 6.58% this week, up from 6.53% last week.

15-year, fixed rate mortgages came in at an average of 6.21% compared to last week's 6.17%.

Five year adjustable rate mortgages averaged 6.21%, up from 6.16% last week, while one year adjustables averaged 5.68%, an increase from last week's 5.63%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.58%	6.53%
15-year Fixed	6.21%	6.17%
5-year ARM	6.21%	6.16%
1-year ARM	5.68%	5.63%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Use Your 401k for Your Down Payment

Mortgage Rates Near Four Year High

2006-04-20T16:37:00.000-05:00

Rates on 30-year mortgages rose this week to their highest point in nearly four years, a factor that is taking a bit of oomph out of the housing market.

Mortgage giant Freddie Mac reported an average rate of 6.53% for 30-year, fixed rate mortgages for the week ending April 20, which is up from 6.49% last week.

That is the highest since July 12, 2002, when rates were at 6.54%.

“As a result of higher mortgage rates, housing market activity is beginning to slow,” said Frank Nothaft, Freddie Mac’s chief economist.

Rates on 15-year, fixed-rate mortgages climbed to 6.17% this week, from 6.14% last week.

Rates on five-year, adjustable rate mortgages averaged 6.16% this week, up from 6.13% last week, while one-year adjustables increased to 5.63%, up from 5.61%.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.53%	6.49%
15-year Fixed	6.17%	6.14%
5-year ARM	6.16%	6.13%
1-year ARM	5.63%	5.61%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Mortgage Marketing Associates II

Mortgage Rates Up Again

2006-04-13T00:51:00.000-05:00

Rates on 30-year mortgages climbed this week to their highest point in nearly four years. Mortgage leader Freddie Mac reported Thursday that rates averaged 6.49% this week, up from 6.43% last week.

Rates on 15-year, fixed-rate mortgages, averaged 6.14% this week, up from 6.10% last week.

Five-year adjustable-rate mortgages averaged 6.13% this week, up from 6.11% last week, while one-year adjustable rate mortgages increased to 5.61 percent this week, compared with last week’s 5.57 percent.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.49%	6.43%
15-year Fixed	6.14%	6.10%
5-year ARM	6.13%	6.11%
1-year ARM	5.61%	5.57%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
How to Improve Your Credit Score

Mortgage Rates Pop up

2006-04-06T13:10:00.000-05:00

Rates on 30-year mortgages rose this week to the highest level in 2½ years, as mortgage leader Freddie Mac reported Thursday that rates averaged 6.43 percent this week, up from 6.35 percent last week.

Rates on 15-year fixed-rate mortgages averaged 6.10 percent this week, up from 6.00 percent last week.

Rates on five-year adjustable rate mortgages also rose, climbing to 6.11 percent, up from 6.02 percent last week.

One-year adjustable rate mortgages rose to 5.57 percent, up from 5.51 percent last week.

“There is concern that the continued high level of energy costs may lead to inflation in other sectors of the economy,” said Frank Nothaft, chief economist at Freddie Mac. “Fear of inflation leads to higher mortgage rates, like the ones we see this week.”

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.43%	6.35%
15-year Fixed	6.10%	6.00%
5-year ARM	6.11%	6.02%
1-year ARM	5.57%	5.51%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Real Estate News

Mortgage Rates Up

2006-03-30T13:27:00.000-06:00

The average rate on 30-year fixed-rate mortgages rose to 6.35% for the week ending March 30, up from the prior week's 6.32%, a Freddie Mac survey said, while the 15-year fixed-rate averaged 6.00%, up from 5.97%.

Five-year adjustable-rate mortgages averaged 6.02%, up from 5.96%, and the one-year adjustable jumped substantially to 5.51%, up from 5.41%.

"The Fed raised rates this week, as was expected, but the market was a little surprised at the Committee's comments, which implied more tightening in the future," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.

"That raised the expectation that inflation may be more of a threat than was previously thought, and that kind of thinking promotes upward pressure on mortgage rates like we saw across the board this week."

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.35%	6.32%
15-year Fixed	6.00%	5.97%
5-year ARM	6.02%	5.96%
1-year ARM	5.51%	5.41%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Money Saving Real Estate Ideas

Mortgage Rates Nudged Downward

2006-03-23T12:39:00.000-06:00

Average interest rates on U.S. 30- and 15-year fixed rate mortgages inched downward in the latest week while short term rates inched upward, according to a survey released by mortgage finance company Freddie Mac on Thursday.

Rates on 30-year mortgages fell to an average of 6.32 percent from 6.34 percent last week, while 15-year mortgages dipped to an average of 5.97 percent from 5.98 percent.

The hybrid “5/1” ARM, set at a fixed rate for five years and then adjustable each year following, averaged 5.96 percent, up from 5.93 percent last week and from 5.35 percent a year earlier, Freddie Mac said.

One-year adjustable rate mortgages averaged 5.41 percent, up from 5.37 percent a week earlier.

Because inflation was being held in check, rates drifted a little lower, Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.

“Shorter-term rates, however, rose in reaction to a recent speech by Chairman (Ben) Bernanke, of the Federal Reserve Board, that hinted at even further rate hikes this year,” he said.

The downward tick of long term rates and the upward tick of short term rates exacerbated the compression of the yield curve. Some economists believe that an inverted yield curve (when short term rates are higher than long term rates) is sometimes an omen of a coming recession.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.32%	6.34%
15-year Fixed	5.97%	5.98%
5-year ARM	5.96%	5.93%
1-year ARM	5.41%	5.37%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
www.namethatvalue.com

Mortgage Rates Inch Downward

2006-03-16T13:01:00.000-06:00

Average 30-year mortgage rates inched downward ever so slightly this week. Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 6.34 percent.

“Market indicators this week seemed to point to less of a threat of inflation and that allowed rates to drift lower,” said Frank Nothaft, chief economist at Freddie Mac.

Rates on 15-year, fixed-rate mortgages, averaged 5.98 percent, down from 6 percent last week.

Five-year adjustable rate mortgages dropped to 5.93 percent, down from 6.03 percent.

One-year adjustable rate mortgages fell to 5.37 percent, down from 5.45 percent last week.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.34%	6.37%
15-year Fixed	5.98%	6.00%
5-year ARM	5.93%	6.03%
1-year ARM	5.37%	5.45%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Name That Value Main Blog

Mortgage Rates Jump

2006-03-09T04:27:00.000-06:00

Mortgage rates jumped to their highest level in two-and-a-half years, according to Freddie Mac’s latest weekly survey. The average 30-year mortgage over the past week was offered at 6.37 percent, up from 6.24 percent the week before, Freddie Mac said. That was the highest rate recorded in the weekly survey since September 2003, the company said.

The average for a 15-year fixed-rate mortgage moved up to 6 percent, the highest level since July 2002 and an increase from 5.89 percent last week.

Interest rates have been moving up sharply on financial markets in recent days, partly because of global economic strength that has led overseas central bankers to tighten monetary policy. On Thursday the Bank of Japan signaled it was preparing to move its benchmark interest rate above zero for the first time in years, and last week the European Central Bank raised rates for the second time in three months and signaled more increases to come.

The expectation of higher short-term rates pushes up long-term rates on financial markets, which in turn drives up mortgage rates.

Five-year adjustable-rate mortgages edged up to 6.03 percent from 5.97 percent last week.

One-year adjustable-rate mortgages have risen to 5.45 percent from 5.34 percent last week, the highest level since September 2001.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.37%	6.24%
15-year Fixed	6.00%	5.89%
5-year ARM	6.03%	5.97%
1-year ARM	5.45%	5.34%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Buying Zero Down

Mortgage Rate Yield Curve Tightens

2006-03-02T12:21:00.000-06:00

Long term mortgage rates dropped a bit and short term rates inched upward in the past week, tightening the the mortgage rate yield curve even further, Freddie Mac reported. Long term rates are generally much higher than short term rates; however, the spread between the two has gradually dimished recently.

"On net, the latest economic news had little effect on mortgage rates this week," said Frank Nothaft, Freddie Mac vice president and chief economist. "Our forecast calls for rates on 30-year fixed-rate mortgages to increase about one-quarter of a percentage point by the end of the year."

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.24%	6.26%
15-year Fixed	5.89%	5.89%
5-year ARM	5.97%	5.96%
1-year ARM	5.34%	5.32%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Money Saving Ideas for Home Buyers

Mortgage Rates Drop Slightly

2006-02-23T18:26:00.000-06:00

Freddie Mac reported in its nationwide survey released Thursday that rates on 30-year, fixed-rate mortgages averaged 6.26 percent, the first drop in five weeks.

“Market confidence that the Fed will continue to keep inflation low kept mortgage rates in check this week,” said Frank Nothaft, Freddie Mac’s chief economist. “Over the long term, we expect mortgage rates will bounce back and forth a bit, remaining new current levels.”

Some economists, however, think rates on 30-year mortgages will slowly drift higher, ending the year anywhere from 6.5 percent to 7 percent. This expectation of higher mortgage rates fits into economists’ forecasts that the housing market, which racked up record high sales for five years in a row, will slow this year.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.26%	6.28%
15-year Fixed	5.89%	5.91%
5-year ARM	5.96%	5.95%
1-year ARM	5.32%	5.36%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Mortgage Checklist

Mortgage Rates Continue Upward Creep

2006-02-16T14:32:00.000-06:00

Mortgage rates continued creeping upward this past week with the average 30-year fixed rate mortgage hitting 6.28%, according to Freddie Mac.

“So far this year, fixed-rate mortgages have risen only slightly,” said Frank Nothaft, chief economist at Freddie Mac. “Long-term rates are only marginally higher than they were two months ago.”

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.28%	6.24%
15-year Fixed	5.91%	5.83%
5-year ARM	5.95%	5.89%
1-year ARM	5.36%	5.34%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Mortgage Qualifying

Mortgage Rates Nudge Upward

2006-02-09T13:54:00.000-06:00

Rates on 30-year mortgages nudged up again this week, rising only slightly.

Frank Nothaft, chief economist for Freddie Mac, said that the small upward movement in mortgage rates over the past three weeks was likely to be repeated over the rest of this year, leaving the 30-year mortgage up moderately from where it is currently.

“We see this trend continuing throughout 2006, with the 30-year fixed-rate mortgage ending the year at about 6.3 percent as the housing market eases back from last year’s record-setting levels toward a somewhat more normal rate of activity,” Nothaft said.

Other forecasters think the increase in 30-year mortgages will be slightly faster, especially if the Federal Reserve is forced to push interest rates up more aggressively to battle inflation. Many private economists are predicting the 30-year mortgage will end the year between 6.5 percent and 7 percent.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.24%	6.23%
15-year Fixed	5.83%	5.81%
5-year ARM	5.89%	5.87%
1-year ARM	5.34%	5.33%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Credit Errors

Mortgage Rates Up Again

2006-02-02T13:50:00.000-06:00

Rates on 30-year mortgages bumped up again this week rising by about 1/8 of a percent.

"Declines in worker productivity, coupled with accelerating labor costs, increase the threat of inflation down the road," said Frank Nothaft, Freddie Mac vice president and chief economist. "Still, to keep things in perspective, mortgage rates are currently only about one-half a percentage point higher than they were at this time last year."

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.23%	6.12%
15-year Fixed	5.81%	5.70%
5-year ARM	5.87%	5.75%
1-year ARM	5.33%	5.20%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
MMA Update

Rates Nudge Higher

2006-01-26T13:25:00.000-06:00

Rates on 30-year mortgages reversed a six week downward trend this week by rising slightly.

“The minuscule rise in mortgage rates this week most likely reflects market expectations that the Federal Reserve will once again raise rates next week,” said Frank Nothaft, Freddie Mac’s chief economist.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.12%	6.10%
15-year Fixed	5.70%	5.67%
5-year ARM	5.75%	5.75%
1-year ARM	5.20%	5.18%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
The Review

Rates Drop Again

2006-01-19T17:45:00.000-06:00

Rates on 30-year mortgages fell for the sixth straight week dropping to the lowest level in three months.

“Over the last six weeks, long-term mortgage rates have dropped nearly a quarter of a percent in the face of little or no inflationary pressures,” said Frank Nothaft, chief economist at Freddie Mac.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.10%	6.15%
15-year Fixed	5.67%	5.71%
5-year ARM	5.75%	5.76%
1-year ARM	5.18%	5.15%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
Bob's Update

Rates Continue Downward Trend

2006-01-12T14:36:00.000-06:00

Rates on 30-year mortgages fell for the fifth straight week presumably because of fewer inflation threats.

“Interest rates for long-term mortgages slipped lower this week due to some economic data releases that pointed towards more subdued inflation in the near term,” said Frank Nothaft, Freddie Mac’s chief economist.

Nothaft said he expected rates to rise gradually through the year with the 30-year mortgage ending 2006 around 6.5 percent, up about a half-point from where it is currently.

“This should induce some slowing in housing market activity, but we expect the housing market in 2006 to be strong, nonetheless,” Nothaft said.

While sales of both new and existing homes likely set records for a fifth straight year in 2005, many analysts are predicting modest declines of around 6 percent in sales for 2006, reflecting rising mortgage rates.

Here are the current average mortgage rates nationwide as provided by the Federal Home Loan Mortgage Corporation (Freddie Mac):

	Rates This Week	Last Week's Rate
30-year Fixed	6.15%	6.21%
15-year Fixed	5.71%	5.76%
5-year ARM	5.76%	5.78%
1-year ARM	5.15%	5.16%

Bob Roscoe, Mortgage Marketing Associates, Minneapolis, Minnesota
MMA Review