U.S. Fixed Mortgage Rates Move Lower Again
Author:
Chad Wandler
Location: McLean
Date: 2014-01-31
Freddie Mac (OTCQB: FMCC) yesterday released the results of its Primary Mortgage Market Survey® (PMMS®), showing average fixed mortgage rates lower again this week following the release of weaker housing data. 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 "Mortgage rates eased somewhat as new home sales [PDF] fell 7 percent in December to a seasonally adjusted pace of 414,000 units, below the consensus. The S&P/Case-Shiller® 20-city composite house price index [PDF] declined 0.1 percent for the month of November, the first decrease since November 2012."
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