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The Freddie Mac's Primary Mortgage Market Survey for the December 29th issue showed that 30 and 15-year mortgage interest ended the year with its 9th successive rise per week. 1.
The Freddie Mac's Primary Mortgage Market Survey for the December 29th issue showed that 30 and 15-year mortgage interest ended the year with its 9th successive rise per week. 1. On Thursday, the most important fixed-rate mortgage interest is lower than the year before. Mean 30-year mortgage interest has fallen by two base points, to 4.16%, a $486.69 per $100,000 per month (one base point is one hundreth of a percent).
A 15-year mortgage is one base point lower on a 1-year scale at 3.34%, equivalent to a $707.05 per $100,000 per month. FLOATING INTEREST MORTGAGE WITH AN INITIAL FIXED 5-YEAR INTEREST INCEPTION. PRICES MAY INCLUDE POINTS. Freddie Mac, the mortgage brokerage firm, today published the results of its primary mortgage market study for the month ending 29 December.
The 30 year and 15 year growth ratios both posted their 9th successive increases per week as the year drew to a close: This 30-year fixed-rate mortgage averages 4.32% with an annual mean of 0.5 points for the weekend ending 29 December 2016. One year ago, the 30-year-old FRM stood at an annual mean of 4.01 per cent at that point in the year. 15-year-old FRM this weekend averages 3.55 per cent with an annual mean of 0.5 points.....
One year ago, the 15-year-old FRM stood at an average of 3.24 per cent at that point in the year. The following chart shows that, following their rise after the elections, both instalments are now at their highest level since the beginning of 2014: Whilst some would-be home buyers may be disheartened by the recent rise in interest Rates, it is wise to maintain the present level of interest rate interest rate in the historic perspective:
Freddie Mac points out in his article that the 30-year fixed-rate mortgage in 2016 had an annuity of 3.65% in 2016, the smallest annuity ever reported in her 1971 poll.