Fixed Rate Mortgage

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…

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Mortgage Plans

Some lenders were aggressively repricing their loans while others fine-tuned; no lender was discounting today. This continues a rising mortgage rate trend that began at the end of September. “On an optimistic note, when losing streaks get this long in rates markets, we’re increasingly likely to see at least one day of relief in the near term future, ” Matthew Graham, COO of…

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