Freddie Mac’s Latest Report: Look What Mortgage Rates Are Doing Now

SOURCE: Mortgage News Feed

According to Freddie Mac's weekly survey of more than 100 mortgage lenders nationwide, conventional 30-year fixed rate mortgages now average 3.98%, bringing rates as close to four percent as they've been since summer. This also marks the second straight week through which 30-year mortgage rates climbed 11 basis points (0.11%), making this the worst two-week spell for rates since late-2013 -- 100 weeks ago. With mortgage rates up, home buyers are finding it more difficult to lock in low payments; and existing homeowners planning a home loan refinance are finding it tougher to find big savings. Read Full Article Here >>


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Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.


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