Posted by: Larry Stevens | October 7, 2014

What’s Ahead For Mortgage Rates This Week – October 6, 2014

Real Estate Finance Insights

According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Mortgage rates were flat to slightly down across the board as GDP was revised up from 4.2 percent to 4.6 percent for the second quarter and the S&P/Case-Shiller National House Price Index was up a seasonally adjusted 0.2 percent for July and up 5.6 percent from the prior July. Pending home sales data were less optimistic, though, down 1 percent in August.”

Mortgage Rates Mixed Last Week

Freddie Mac Primary Mortgage Market Surveys results released October 2, 2014:

  • 30-year fixed-rate mortgage (FRM) averaged 4.19 percent with an average 0.4 point for the week ending October 2, 2014, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 4.22 percent.
  • 15-year FRM this week averaged 3.36 percent with an average 0.5 point, unchanged from last week. A year ago at this time…

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