Fixed Mortgage Rates Edge Higher
(firmenpresse) - MCLEAN, VA -- (Marketwired) -- 10/17/13 -- (OTCQB: FMCC) today released the results of its (PMMS®), showing average fixed mortgage rates edging higher leading up to the federal budget deadline this week.
(FRM) averaged 4.28 percent with an average 0.7 point for the week ending October 17, 2013, up from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 3.37 percent.
this week averaged 3.33 percent with an average 0.7 point, up from last week when it averaged 3.31 percent. A year ago at this time, the 15-year FRM averaged 2.66 percent.
(ARM) averaged 3.07 percent this week with an average 0.4 point, up from last week when it averaged 3.05 percent. A year ago, the 5-year ARM averaged 2.75 percent.
averaged 2.63 percent this week with an average 0.4 point, down from last week when it averaged 2.64 percent. At this time last year, the 1-year ARM averaged 2.60 percent.
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 and . Borrowers may still pay closing costs which are not included in the survey.
Attributed to Frank Nothaft, vice president and chief economist, Freddie Mac.
"Fixed mortgage rates edged up leading to the federal budget deadline this week. Recent confidence measures depict some of the effects of the government shutdown and uncertainty of the budget impasse. For instance, in October fell for the second straight month to the lowest reading since January, according to the University of Michigan. Similarly, October's fell to a four-month low. However, despite these downturns in confidence, rose for the second consecutive week as of October 11th, elevated by increases in applications for refinancing."
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 and Twitter: .
Image Available:
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 17.10.2013 - 08:00 Uhr
Sprache: Deutsch
News-ID 1273574
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
MCLEAN, VA
Phone:
Kategorie:
Investment Services & Trading
Anmerkungen:
Diese Pressemitteilung wurde bisher 255 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Fixed Mortgage Rates Edge Higher
"
steht unter der journalistisch-redaktionellen Verantwortung von
Freddie Mac (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
