Freddie Mac Mortgage RatesMortgage rates worsened last week amid evidence of an improving economy. Conforming mortgage rates climbed in Virginia and nationwide, rising to a 4-month high. Freddie Mac has the average 30-year fixed rate mortgage rate at 3.53% for borrowers willing to pay 0.7 discount points plus a full set of c...
04.02.13 04:45 PM - Comment(s)
FOMC meeting this weekMortgage rates rose last week as investors gained confidence in the global economy. China and Europe posted better-than-expected manufacturing rates, U.S. Jobless Claims fell for the second straight week, and the worst of the European debt crisis appears to have passed. Last week's economic news pro...
28.01.13 04:45 PM - Comment(s)
30-year mortgage ratesMortgage rates improved slightly last week during a week of sparse economic news. Thursday's weekly jobless claims report showed 371,000 new claims, which was 1,000 fewer jobless claims than for the prior week. Wall Street expectations of 365,000 new jobless claims turned out to be too optimistic. T...
14.01.13 04:45 PM - Comment(s)

Unemployment RateMortgage rates moved higher Wednesday up congressional leaders voted to avoid the "Fiscal Cliff".

Mortgage-backed securities (MBS) fell as investors bid up stock prices. Confidence among investors and consumers typically causes mortgage rates to rise. That's what happened Wednesday.

For Thur...

03.01.13 04:45 PM - Comment(s)

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