Posted by: Larry Stevens | November 17, 2014

What’s Ahead For Mortgage Rates This Week – November 17, 2014

Real Estate Finance Insights

Fixed Mortgage Rates Hovering Near 2014 Lows as of Last Week:

According to Frank Nothaft, vice president and chief economist of Freddie Mac, “Fixed mortgage rates were slightly down on mixed results from October’s employment report. While the unemployment rate declined to 5.8 percent, nonfarm employment rose by 214,000 jobs, which was below consensus expectations. Net revisions for payroll employment in August and September added 31,000 more jobs to the initial readings.”

Freddie Mac Primary Mortgage Market Surveys results released November 13, 2014:
  • 30-year fixed-rate mortgage (FRM) averaged 4.01 percent with an average 0.5 point for the week ending November 13, 2014, down from last week when it averaged 4.02 percent. A year ago at this time, the 30-year FRM averaged 4.35 percent.
  • 15-year FRM this week averaged 3.20 percent with an average 0.5 point, down from last week when it averaged 3.21 percent. A year ago at this time…

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