4 Misleading Mortgage Offers

Low fixed rate mortgages


The average 30-year fixed mortgage rate fell as the FOMC decided to leave short term rates unchanged, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®).
"Investors flocked to the safety of government bonds causing the 10-year Treasury yield to continue its descent following the FOMC's decision to leave rates unchanged, ” says Sean Becketti, chief economist, Freddie Mac. “The 30-year fixed-rate mortgage responded by dropping six basis points before landing at 3.42 percent—a 10-week low. The course of the economy is uncertain, yet consumers continue to be a bright spot. The September consumer confidence index is up 3 percent to 104.1, exceeding forecasts and reaching a new cycle high."

The 30-year fixed-rate mortgage (FRM) averaged 3.42 percent with an average 0.5 point for the week ending September 29, 2016, down from last week when it averaged 3.48 percent. A year ago at this time, the 30-year FRM averaged 3.85 percent.
Additionally, the 15-year FRM this week averaged 2.72 percent with an average 0.5 point, down from last week when it averaged 2.76 percent. A year ago at this time, the 15-year FRM averaged 3.07 percent.

The 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.81 percent this week with an average 0.4 point, up from last week when it averaged 2.80 percent. A year ago, the 5-year ARM averaged 2.91 percent.



Share this article





Related Posts


HSBC fixed rate mortgages
HSBC fixed rate mortgages

Latest Posts
Mortgage process in us
Mortgage process…
By Lisa Smith A home of your own. That…
Macquarie Mortgages USA
Macquarie Mortgages…
We re always looking for people who share…
Mortgage 20
Mortgage 20
The first homebuying document you may…
New Mortgage Loan Programs
New Mortgage…
Conventional 97 The Conventional 97 is…
International Home Loans
International…
1, 619 International buyers find real…
Search
Featured posts
  • Best fixed rate mortgages 10 Year
  • Compare fixed rate mortgages
  • HSBC fixed rate mortgages
  • Top 10 fixed rate mortgages
  • HSBC Fixed Rates
  • Lowest 30 Year Fixed rate
  • Best 5 Yr fixed rate mortgage
  • 30 Year fixed rate mortgage Rates
  • Lowest Rate mortgages
Copyright © 2021 l www.scarredforlife.info. All rights reserved.