Mortgage Giant, Freddie Mac released this weeks Prime Mortgage Market Survey (PMMS) showing the average mortgage rates on a fixed rate mortgage has dropped to the lowest levels seen since May.The surveys reveals the following:30-year fixed-rate mortgage (FRM) averaged 3.84 percent with an average 0. [Read More]

Freddie Mac was established in 1970 by Congress to provide some sort of stability and affordability to the Real Estate market. Today, Freddie Mac is doing just that, by making home ownership possible to one in every four potential home buyers. Freddie Mac is also one of the largest sources of financ [Read More]

Last week Freddie Mac released the Primary Mortgage Market Survey (PMMS) for the mortgage rate resultsending on May 14, 2015.The average rate for a 30 year fixed rate mortgage inched up last week to 3.85% from 3.80% from the week before, according to mortgage giant Freddie Mac.15-year fixed rate mor [Read More]

There are so many decisions when buying a home. Where do I want to live? Do I want a single family home or a condominium? Do I want to live in a gated community? These types of questions can be answered rather easily, but when it comes to the mountains of paperwork, the questions then become a littl [Read More]

Happy New Year! The mortgage rates continue to fall as 2015 rolls around the bend. These low rates are sending potential home buyers back onto the playing field. According to the Mortgage Bankers Association, mortgage applications surged last week. A measure of total loan application volume, also kn [Read More]

Average rates on long-term mortgage have started to rise. Rates on a 30 year fixed rate mortgage is creeping back up over 4% to 4.02%, creating an increase for the second week after a 5 week consecutive drop, according to mortgage giant, Freddie Mac. Even with the increase the rates are still lower [Read More]

In this country it is very common to make the decision to purchase your own home. Some may call it the "American Dream", some may call it a nightmare, but either way MOST people do it. What is uncommon is for the average American to be able to purchase said home with cash in one lump sum, therefore [Read More]

You can now get a 30-year fixed mortgage for under 4%. As of now, the numbers tick slightly, but the range remains remarkably low 3.96% to 4.08%. It's extremely weird, verging on stunning when you consider we are supposedly in the later stages of a recovery.Usually at this point in an economic turn [Read More]

Mortgage rates on a 30 year fixed rate mortgage fell last week to 4.17%, according to mortgage giant Freddie Mac. Although these rates are not the lowest seen this year, the rates do remain low and provide a welcome boost to the housing market.Freddie Mac collects mortgage rates from lenders across [Read More]

According to mortgage giant Freddie Mac, rates on a 30-year fixed rate mortgage inched up from record lows last week to 3.39% this week. Last month the Federal Reserve began buying mortgage bonds in an effort to encourage more borrowing, as well as more spending. The Fed stated that they wil [Read More]