Mortgage Rates

Mortgage Rates Lower, Stable in Q1 2010

January 11, 2010 by admin · View Comments 

The average interest on long-term mortgage rates fell this past week, after rising for four consecutive weeks. Freddie Mac reports that 30-year fixed mortgage rates averaged 5.09 percent, down from 5.14 percent a week ago and compared with 5.01 percent in 2009. Also, 15-year, fixed loans fell 0.4 percent to 4.5 percent; five-year adjustable-rate mortgages were unchanged; [...]

2010 Mortgage Rate Predictions

January 5, 2010 by admin · View Comments 

Nashville mortgage rates ended 2009 above 5 percent, with Freddie Mac reporting 30-year fixed rates at an average 5.14 percent, still very affordable by historical standards. Although higher long-term borrowing costs late in the year could signal further increases for 2010, new data from Wells Fargo, JPMorgan Chase, and the Mortgage Bankers Association indicates more [...]

Nashville Mortgage Rates Begin to Rise

December 24, 2009 by admin · View Comments 

Nashville long-term mortgages moved closer to 5 percent this week, with interest on 30-year, fixed loans averaging 4.94 percent compared to 4.81 percent last week and 5.19 percent a year ago. Freddie Mac also reports hikes for 15-year, fixed mortgages, five-year adjustable-rate mortgages, and one-year adjustable rate mortgages. The 15-year, fixed rate rose to 4.38 [...]

Mortgage Interest Rates Move Higher

December 14, 2009 by admin · View Comments 

Mortgage interest rates on 30-year fixed mortgages rose to 4.81 percent last week, after the prior week’s fall to a record low of 4.71 percent, reports Freddie Mac.
While the Federal Reserve’s effort to purchase $1.25 trillion in mortgage-backed securities issued by Fannie, Freddie, and Ginnie Mae has helped keep rates attractive, Freddie Mac chief economist [...]

Mortgage Rates Set Another Record Low

December 7, 2009 by admin · View Comments 

Mortgage interest has fallen to the lowest level since Freddie Mac began compiling its weekly survey in 1971, as the average 30-year fixed rate declined to 4.71 percent last week from 4.78 percent a week earlier.
Mortgage rates were also more attractive for 15-year fixed loans, which fell from 4.29 percent to 4.27 percent, but consumers [...]

Fixed Mortgage Rates Fall to Record Lows

December 1, 2009 by admin · View Comments 

Freddie Mac released the results of its Primary Mortgage Market Survey last week in which the 30-year fixed-rate mortgage (FRM) averaged 4.78 percent with an average 0.7 points for the week ending November 25, 2009, down from the prior week when it averaged 4.83 percent. Last year at this time, the 30-year fixed rate mortgage averaged 5.97 [...]

30 Year Home Mortgage Rates Update

November 23, 2009 by admin · View Comments 

Rates for 30-year home mortgages approached the all-time low of 4.78 percent again last week, falling to 4.83 percent from an average of 4.91 percent a week ago. The 15-year rate did reach a new bottom, dipping from 4.40 percent to 4.32 percent – the lowest level since Freddie Mac began tracking rates in 1991. [...]

Nashville Mortgage Rates at Lowest Level in Five Weeks

November 17, 2009 by admin · View Comments 

The 30-year fixed mortgage rate fell to 4.91 percent for the week ended Nov. 12, , down from an average of 4.98 percent a week earlier, and has now been below 5 percent for five of the last seven weeks, reports Freddie Mac. Also, 15-year fixed loans fell to 4.36 percent from 4.40 percent; five-year [...]

Mortgage Rates in Nashville Low, Unchanged

November 10, 2009 by admin · View Comments 

While Freddie Mac’s weekly report on mortgage rates showed the 30-year rate dipping slightly below 5 percent, these rates did not budge in Bankrate.com’s weekly survey of large lenders.
The benchmark 30-year, fixed-rate mortgage remained unchanged at 5.35 percent, according to Bankrate.com’s weekly national survey. The benchmark 15-year, fixed-rate mortgage dipped 2 basis points, to 4.72 [...]

November Nashville Mortgage Rate Update

November 3, 2009 by admin · View Comments 

Freddie Mac reports that Nashville mortgage rates continued to drift higher last week, with average interest of 5.03 percent on a 30-year fixed loan – up o.o3 percent from a flat 5 percent the previous week. The government-sponsored enterprise reports that 30-year fixed rates have been hovering around the 5 percent mark as a result [...]

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