Freddie Mac: Mortgage rates inch higher on positive jobs report

Manalapan NJ | Freddie Mac: Rising Mortgage Rates DO NOT Lead to Falling Home Prices Freddie Mac Mortgage Rates Inch Higher On Positive Jobs Report Freddie Mac: Mortgage rates inch higher on positive jobs report Edge closer to 4% The average 30-year fixed mortgage rate inched higher due to a better than expected November employment report, according to Freddie Mac’s Primary Mortgage Market Survey.

Freddie Mac to sell first-loss position in new risk-sharing deal The $500 million risk-sharing mortgage bond Freddie Mac issued last week, called STACR 2013-DN1 could be the first among many deals over the coming months and year, according to analysts at Barclays.. Barclays anticipates that if both Freddie Mac and Fannie Mae sell the risk on all their ongoing issuance, issuance volumes could potentially reach $20 billion to $25 billion per year.

As expected, the markets responded and the stock market surged and mortgage rates went up. Currently the Mortgage Backed Security market is trading down – 22 bps on the week. Fortunately, because the Feds continue to buy and keep demand in place for mortgage backed securities, rates were not hit that hard.

30-year fixed-rate mortgage: Averaged 5.21 percent with an average 0.6 point for the week ending April 8, 2010, up from last week when it averaged 5.08 percent. Last year at this time, the 30-year FRM averaged 4.87 percent. This is the highest the 30-year FRM has been since the week ending August 13.

Mortgage Rates Report.. it’s really only with the benefit of hindsight that we’re able to discuss today’s rates in a positive light. and Freddie Mac (each Thursday) averages are updated weekly.

Fannie, Freddie loans hit series high in National Mortgage Risk Index Two years ago, however, the house was sold to a wealthy businessman (with a son in high. hit hardest. lender services and Products PlainsCapital bank national warehouse Lending, a subsidiary of.

A large number of people reentered the workforce, leading to an uptick in the national unemployment rate to 5.5 percent, which we expect will ease back to 5.4 percent before the year is out," said freddie mac vice president and Chief Economist Frank Nothaft. "The end result translates into higher long-term mortgage rates this week.

30-year fixed rates slid to 3.60% following a hold at 3.75% in the week ending 1 st August. The 15 basis point fall left 30-year rates back at their lowest level since late 2016 according to figures.

Wells Fargo Q1 Profits Packed with Accounting Gain This story was updated at 1:25 p.m. on Thursday, February 8, with a comment from Wells Fargo. And the hits just keep on coming for Wells Fargo. After being issued a consent order last week by the Federal Reserve, Standard & Poor’s downgraded two of the bank’s credit ratings on Wednesday. In.

MCLEAN, VA–(Marketwired – Mar 12, 2015) – Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey (PMMS ), showing average fixed mortgage rates moving higher amid a strong jobs report and bringing mortgage rates back to where they were at the start of 2015.The 30-year fixed-rate mortgage has averaged below 4 percent since the week ending November 13, 2014.

According to Freddie Mac’s latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. continued to inch higher at the end of 2017. Len Kiefer, Deputy Chief Economist of Freddie Mac said, "As we expected, mortgage rates felt the effect of last week’s surge in long-term interest rates in the final, shortened week of 2017.

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