MCLEAN, VA--(Marketwired - Dec 12, 2013) - Freddie Mac (
News Facts
Average commitment rates should be reported along with average fees and points to reflect the total upfront cost of obtaining the mortgage. Visit the following links for the Regional and National Mortgage Rate Details and Definitions. Borrowers may still pay closing costs which are not included in the survey.
Quotes
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
"Mortgage rates were little changed amid a light week of economic data releases. Of the few releases, total nonfarm payroll employment rose by 203,000 in November and the unemployment rate declined to 7.0 percent. Also, single family mortgage debt outstanding increased for the first time since 2008. This is a positive sign as it reflects that the pick-up in new purchase-money originations has offset loan paydowns and led to a net increase in principal outstanding."
Freddie Mac was established by Congress in 1970 to provide liquidity, stability and affordability to the nation's residential mortgage markets. Freddie Mac supports communities across the nation by providing mortgage capital to lenders. Today Freddie Mac is making home possible for one in four home borrowers and is one of the largest sources of financing for multifamily housing. For more information please visit www.FreddieMac.com and Twitter: @FreddieMac.
PRIMARY MORTGAGE MARKET SURVEY RESULTS
PMMS Week: 50
Week Ending: December 12, 2013
Weighted | Unweighted Regional Averages | ||||||||||
U.S. | NE | SE | NC | SW | W | ||||||
30 YR FRM Rate | 4.42 | 4.40 | 4.44 | 4.42 | 4.47 | 4.40 | |||||
Fees & Points | 0.7 | 0.8 | 0.7 | 0.7 | 0.6 | 0.7 | |||||
- | - | - | - | - | - | ||||||
15 YR FRM Rate | 3.43 | 3.44 | 3.46 | 3.42 | 3.47 | 3.40 | |||||
Fees & Points | 0.7 | 0.7 | 0.6 | 0.6 | 0.6 | 0.7 | |||||
- | - | - | - | - | - | ||||||
5 YR ARM Rate | 2.94 | 2.99 | 2.99 | 3.11 | 2.96 | 2.79 | |||||
Fees & Points | 0.4 | 0.3 | 0.3 | 0.2 | 0.4 | 0.6 | |||||
Margin | 2.74 | 2.72 | 2.75 | 2.76 | 2.75 | 2.73 | |||||
- | - | - | - | - | - | ||||||
1 YR ARM Rate | 2.51 | 2.64 | 2.50 | 2.60 | 2.57 | 2.34 | |||||
Fees & Points | 0.4 | 0.8 | 0.2 | 0.1 | 0.3 | 0.4 | |||||
Margin | 2.75 | 2.77 | 2.71 | 2.76 | 2.75 | 2.75 |
THE NATIONAL MORTGAGE RATE SNAPSHOT
One Year Ago
30-YR FRM | 15-YR FRM | 5/1 ARM | 1-YR ARM | |||
3.32 | 2.66 | 2.70 | 2.53 | |||
0.7 | 0.6 | 0.6 | 0.5 |
One Week Ago
30-YR FRM | 15-YR FRM | 5/1 ARM | 1-YR ARM |
4.46 | 3.47 | 2.99 | 2.59 |
0.5 | 0.4 | 0.4 | 0.4 |
Find more information about Freddie Mac at http://www.freddiemac.com