Mortgage Rates

Nashville Mortgage Rates Decrease Slightly

October 8, 2007 by admin · Leave a Comment  

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 6.37% during the week ended Oct. 4 from 6.42% the prior week. Interest on 15-year fixed rate mortgages fell to 6.03% from 6.09% over the same time span. Meanwhile, the one-year adjustable mortgage rate slipped to 5.58% from 5.6%, and the five-year hybrid adjustable rate declined to 6.11% from 6.15%. This marks the first decrease in Nashville... [Read the entire article…]

Mortgage Rates Creep Back Up

October 1, 2007 by admin · Leave a Comment  

After hitting a four-month low of 6.31% two weeks ago, long-term mortgage rates continue to climb. Freddie Mac reports that interest on 30-year fixed loans spiked up to 6.42% last week from 6.34% a week ago, while 15-year fixed mortgages moved up to 6.09% from 5.98%. Contrary to the upward shift in long-term rates, initial interest on one- and five-year adjustable-rate mortgages dipped for the fourth... [Read the entire article…]

Nashville Mortgage Rates Remain Low

September 21, 2007 by admin · Leave a Comment  

Freddie Mac reported a small jump in the 30-year fixed mortgage rate to 6.34% on Friday from 6.31% a week earlier, which is still less than the year-earlier rate of 6.40%. Meanwhile, the one-year adjustable mortgage rate dropped slightly to 5.65% from 5.66% over the same period. Freddie Mac chief economist Frank Nothaft expects the Federal Reserve’s decision to cut the federal-funds rate to 4.75%... [Read the entire article…]

Mortgage Rates Fairly Stable, Still Low

September 10, 2007 by admin · Leave a Comment  

Freddie Mac reports a slight gain in the 30-year fixed mortgage rate to 6.46% during the week ended Sept. 6 from 6.45% the prior week. The 15-year fixed mortgage rate climbed to 6.15% from 6.12% over the same time span. Meanwhile, the five-year hybrid adjustable rate dropped to 6.32% from 6.35%, and the one-year adjustable rate dipped to 5.74% from 5.84%. Freddie Mac chief economist Frank Nothaft says... [Read the entire article…]

30-Year Rates Rise After 3 Weeks of Retreat

August 17, 2007 by admin · Leave a Comment  

A jump in interest rates has ended a three-week run in lower borrowing costs, reports Freddie Mac. According to the mortgage finance giant, the average interest on 30-year fixed loans rose to 6.62% this week from 6.59% last week. The rate for the 15-year fixed Nashville mortgages that are common in refinances, meanwhile, floated up to 6.30% from 6.25% over the one-week period. Also on the rise were... [Read the entire article…]

Nashville Rates Drop Again, Slightly This Time

August 6, 2007 by admin · Leave a Comment  

Freddie Mac reported a modest decline in mortgage rates during the week ended August 2, with the 30-year fixed rate falling to a one-month low of 6.68% from 6.69%. Interest on 15-year fixed loans, meanwhile, dropped to 6.32% from 6.37%. The five-year adjustable mortgage rate slipped to 6.29% from 6.30%, and the one-year ARM slid to 5.59% from 5.69%. Freddie Mac chief economist Frank Nothaft attributes... [Read the entire article…]

Mortgage Rate Remain Steady

July 25, 2007 by admin · Leave a Comment  

The 30-year fixed mortgage rate held steady at 6.73% last week, which Freddie Mac chief economist Frank Nothaft attributes to recent economic data failing to have any impact on inflation forecasts. The five-year adjustable Nashville mortgage rate also stayed firm, averaging 6.35%. The 15-year fixed mortgage rate slipped a notch to 6.38% from 6.39%, while the one-year adjustable rate bumped up to 5.72%... [Read the entire article…]

Mortgage Rates Rise After 3 Weeks of Decline

July 15, 2007 by admin · Leave a Comment  

Freddie Mac reported an increase in the 30-year fixed mortgage rate to 6.73% on Friday from 6.63% a week earlier, with chief economist Frank Nothaft expecting the benchmark to remain at or near this level for the remainder of the year. The 15-year Nashville mortgage rate edged up to 6.39% from 6.3% over the same time span, and the five-year adjustable mortgage rate climbed to 6.35% from 6.29%. Meanwhile,... [Read the entire article…]

Mortage Rates Drop for Third Week in a Row

July 9, 2007 by admin · Leave a Comment  

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.62% with an average 0.4 point for the week ending July 3, 2007, down from the previous week when it averaged 6.67%. Last year at this time, the 30-year FRM averaged 6.79%. With the Nashville real estate market turning from a seller’s market to a buyer’s market, this might be the perfect... [Read the entire article…]

Mortgage Rates are Finally in Retreat

June 25, 2007 by admin · Leave a Comment  

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.69% with an average 0.5 point for the week ending June 21, 2007, down from the previous week when it averaged 6.74%. Last year at this time, the 30-year FRM averaged 6.71%. The 15-year FRM on Friday averaged 6.37% with an average 0.5 point, down from the prior week when it averaged 6.43%. A year... [Read the entire article…]

Mortgage Rates Rise Again, More Sharply

June 15, 2007 by admin · Leave a Comment  

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.74% with an average 0.4 point for the week ending June 14, 2007, up from the previous week when it averaged 6.53%. Last year at this time, the 30-year FRM averaged 6.63%. The 30-year FRM has not been higher since the week ending July 20, 2006, when it averaged 6.83%. The 15-year FRM on Friday... [Read the entire article…]

Mortgage Rates Still Heading North

June 1, 2007 by admin · Leave a Comment  

Freddie Mac’s Primary Mortgage Market Survey showed the 30-year fixed-rate mortgage (FRM) averaging 6.53% with an average 0.4 point for the week ending June 7, 2007, up from the prior week when it averaged 6.42%. Last year at this time, the 30-year FRM averaged 6.62%. The 30-year FRM has not been higher since the week ending August 10, 2006, when it averaged 6.55%. The 15-year FRM on Friday averaged... [Read the entire article…]