30 Year Mortgage Rates Under 5 Percent, Trouble

March 18, 2010 by admin · 4 Comments 

At the end of last week, Freddie Mac reported that mortgage rates remained under the 5 percent mark for the second consecutive week, with the average interest on a 30-year fixed loan coming in at 4.95 percent from 4.97 percent a week earlier. Meanwhile, interest on 15-year fixed loans averaged 4.32 percent versus 4.33 percent the [...]

Nashville Mortgage Rates Begin to Rise

December 24, 2009 by admin · Leave a Comment 

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 [...]

Nashville Mortgage Rates at Lowest Level in Five Weeks

November 17, 2009 by admin · Leave a Comment 

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 [...]

Nashville Home Loan Rates Closer to 5 Percent

September 23, 2009 by admin · 1 Comment 

Nashville home-loan rates remained near three-month lows this week and dipped even closer to the 5 percent threshold, Freddie Mac reported in its survey this past week. According to the firm, average interest on 30-year fixed loans fell to 5.04 percent from 5.07 percent a week earlier; while 15-year mortgages averaged 4.47 percent, down from [...]

Nashville Mortgage Rates Move Lower

September 16, 2009 by admin · Leave a Comment 

Freddie Mac reported a dip in borrowing costs for long-term mortgages this week. According to the federally chartered company, the average interest on 30-year loans fell to 5.08 percent from 5.14 percent a week ago; while rates on 15-year loans came down to 4.54 percent from 4.58 percent. Adjustable-rate mortgages declined as well, with the [...]

Mortgage Loan Rates Unchanged in Nashville

July 2, 2009 by admin · 2 Comments 

Interest on 30-year fixed mortgages settled at an average of 5.40 percent this past week, reports Freddie Mac, up from 5.38 percent in the previous week and much lower than the prevailing rate of 6.45 percent a year ago. Five-year, hybrid adjustable-rate mortgages also bumped upa couple of notches to 4.99 percent; but 15-year fixed [...]

Freddie Mac Reports Rising Mortgage Rates

June 15, 2009 by admin · 3 Comments 

Rising mortgage rates put the brakes on mortgage refinancing last week, according to Freddie Mac. The firm’s weekly survey pegged interest on 30-year fixed mortgages at an average of 5.59 percent – up from 5.29 percent last week and the highest rate since November 2008. This is the third straight week of significant rises, in [...]

Mortgage Rates Rise – HASP Program Fixed?

June 2, 2009 by admin · 1 Comment 

  Freddie Mac reports that interest on most long-term mortgages rose this past week. According to the firm, 30-year fixed loans came in last week at an average rate of 4.91 percent, up from 4.82 percent a week earlier; while 15-year fixed mortgages settled at 4.53 percent compared to 4.50 percent over the same period. [...]

Nashville Mortgage Rates Still Under 5%

May 21, 2009 by admin · 1 Comment 

Freddie Mac reports a slight rise in the 30-year fixed mortgage rate to 4.86 percent during the week ended May 14 from 4.84 percent the previous week. The 15-year fixed mortgage rate inched up to 4.52 percent from 4.51 percent. Meanwhile, the five-year adjustable mortgage rate slipped to 4.82 percent from 4.90 percent; and the [...]

Real Estate Slump End in Sight?

May 1, 2009 by admin · 7 Comments 

It’s the 10 trillion dollar question and there are quite a few opinions: Over this past weekend, former NAR Chief Economist John Tuccillo posted a weblog entry (“Is the End in Sight?”) with a good analysis of several factors in the current economy and housing market. He seems generally hopeful. Here is one of his [...]

Slight Drop in Nashville Mortgage Rates

April 21, 2009 by admin · 1 Comment 

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week, while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent, [...]

Nashville Mortgage Rates Hit Record Low

April 2, 2009 by admin · 2 Comments 

With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries, Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-year low of 4.85 percent during the week ended March 26 from 4.98 percent the prior [...]