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Fixed Mortgage Rates Soar to Highest Level in a Year
The Easy Way to Shop For a Mortgage Loan
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You're Now Reading:
Fixed Mortgage Rates Soar to Highest Level in a Year
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
The Easy Way to Shop For a Mortgage Loan
Fill Out One Questionnare
Receive Multiple Offers. Save Money.
You're Now Reading:
Fixed Mortgage Rates Soar to Highest Level in a Year
Mortgage Calculator
Mortgage Rates
Home Buying Tips
Home Selling Tips
About Mortgages
Mortgage Calculator
Mortgage Rates

Interest rates for fixed rate mortgages soared to their highest levels in a year this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 30th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a fourth consecutive week with the 30-year fixed rate mortgage jumping 22 basis points to 3.81 percent with an average of 0.8 points after rising by eight basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 62 consecutive weeks and have increased by 46 basis points over the last four weeks alone. A year ago, the 30-year fixed rate mortgage averaged 3.75 percent.

Average 30-year rates were generally the lowest in the Western and Southeastern portions of the United States where mortgage rates averaged 3.79 percent while the highest rates were reported in the Southwestern, North Central and Northeastern areas of the country where interest rates averaged 3.83 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.98 percent with an average of 0.7 points from an average of 2.77 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 53 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 2.97 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.65 percent, with an average of 0.5 points, up from last week’s average of 2.63 percent. The 5-year adjustable rate mortgage averaged 2.84 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.54 percent with an average of 0.5 points, down from last week’s average of 2.55 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.75 percent.

Freddie Mac PMMS 05-31-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at Mortgageloanrateupdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.
Home Buying
Tips
Home Selling
Tips
About
Mortgages
Mortgage
Calculator
Mortgage
Rates

Interest rates for fixed rate mortgages soared to their highest levels in a year this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 30th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a fourth consecutive week with the 30-year fixed rate mortgage jumping 22 basis points to 3.81 percent with an average of 0.8 points after rising by eight basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 62 consecutive weeks and have increased by 46 basis points over the last four weeks alone. A year ago, the 30-year fixed rate mortgage averaged 3.75 percent.

Average 30-year rates were generally the lowest in the Western and Southeastern portions of the United States where mortgage rates averaged 3.79 percent while the highest rates were reported in the Southwestern, North Central and Northeastern areas of the country where interest rates averaged 3.83 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.98 percent with an average of 0.7 points from an average of 2.77 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 53 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 2.97 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.65 percent, with an average of 0.5 points, up from last week’s average of 2.63 percent. The 5-year adjustable rate mortgage averaged 2.84 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.54 percent with an average of 0.5 points, down from last week’s average of 2.55 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.75 percent.

Freddie Mac PMMS 05-31-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at LoanRateUpdate and the offers you have received, you've found the right product and the best rate.
HOW
MORTGAGELOANRATEUPDATE
WORKS
Whether you're looking to refinance your current loan, purchasing a new home or looking for a home equity loan, we make it easy at MortgageLoanRateUpdate. Our questionnaire is simple and quick to use and your information is safely transmitted to us with SSL encryption. With just two minutes of your time, you could have multiple lenders competing for your business which could save you thousands.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.

Interest rates for fixed rate mortgages soared to their highest levels in a year this week according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS) for the week ending May 30th, 2013.

Fixed Rate Mortgages:

Interest rates on fixed rate mortgages increased for a fourth consecutive week with the 30-year fixed rate mortgage jumping 22 basis points to 3.81 percent with an average of 0.8 points after rising by eight basis points last week. Mortgage rates for the 30-year fixed mortgage have been under four percent for 62 consecutive weeks and have increased by 46 basis points over the last four weeks alone. A year ago, the 30-year fixed rate mortgage averaged 3.75 percent.

Average 30-year rates were generally the lowest in the Western and Southeastern portions of the United States where mortgage rates averaged 3.79 percent while the highest rates were reported in the Southwestern, North Central and Northeastern areas of the country where interest rates averaged 3.83 percent.

The average rate for a 15-year fixed mortgage also increased this week climbing to 2.98 percent with an average of 0.7 points from an average of 2.77 percent last week. Mortgage rates for the 15-year fixed mortgage have been under three percent for 53 consecutive weeks. At this time last year, the 15-year fixed rate mortgage averaged 2.97 percent.

Adjustable Rate Mortgages:

Interest rates for adjustable-rate mortgages were mixed this week with the 5-year Treasury-indexed hybrid ARM rising slightly to 2.65 percent, with an average of 0.5 points, up from last week’s average of 2.63 percent. The 5-year adjustable rate mortgage averaged 2.84 percent a year earlier.

The 1-year Treasury-indexed adjustable rate mortgage averaged 2.54 percent with an average of 0.5 points, down from last week’s average of 2.55 percent. A year ago, the 1-year adjustable rate mortgage averaged 2.75 percent.

Freddie Mac PMMS 05-31-13

Tags: 15-year fixed, 30-year fixed, fixed rate mortgage, freddie mac, interest rates, mortgage rates, 5-year hybrid, 1-year treasury

Source:
Freddie Mac

Reported by Shirley Allen

Home Buying Tips
Home Selling Tips
About
Mortgages
HOW
MORTGAGELOANRATEUPDATE
WORKS
FILL OUT THE FORM
It all starts here. Select the loan product you want to apply for and complete the subsequent questionnaire.
WE VERIFY & TRANSMIT TO LENDERS
Once we receive your completed questionnaire we verify a couple vital pieces of information and direct your information to our network of lenders, all within minutes.
REVIEW YOUR OFFERS
With offers in hand you can now compare rates and costs and get the best possible deal. Comparison shopping made easy. You fill out one form and lenders compete for your business.
CHOOSE YOUR LENDER
Congratulations! With the great learning tools we provide for you at MortgageLoanRateUpdate and the offers you have received, you've found the right product and the best rate.
ADVANTAGES OF USING
MORTGAGELOANRATEUPDATE
FAST & EASY. DATA ENCRYPTED
Applying to multiple lenders is fast and easy with our one simple questionnaire. Choose the product you’re looking for, take a few moments to answer a few questions and you’re on your way to saving.
NO OBLIGATION. NO HIDDEN FEES
Any of the services on our website are 100% free, there is no obligation to use our services or any hidden fees. We’re not loan brokers so we don’t charge broker fees like other websites.
NO SSN OR CREDIT
CHECK
No SSN or credit check is necessary to use our services. We bring lenders to you so they can compete for your business and you save. That information only becomes necessary after you choose a lender.