Mack's Blog

Long-term mortgage rates climbed above 5 percent this past week, as 30-year, fixed loans averaged 5.01 percent compared to 4.98 percent the previous week, according to Freddie Mac. Average interest on 15-year, fixed loans rose to 4.40 percent from 4.39 percent; and five-year, adjustable-rate mortgages climbed to 4.27 percent from 4.25 percent. One-year [...]

Rates Still Low, Nearly Flat
Mortgage interest for the past week held fairly close to the previous week’s rates, reports Freddie Mac. Average interest on 30-year fixed loans slipped a notch to 4.98 percent from 4.99 percent and was down from 5.10 percent a year ago. While still higher than the historic lower of 4.71 [...]

A Poem Worth Reading

He was getting old and paunchy And his hair was falling fast, And he sat around the Legion, Telling stories of the past. Of a war that he once fought in And the deeds that he had done, In his exploits with his buddies; They were heroes, every one. [...]

Long-term mortgage rates bumped up slightly this past
week, but
they remain near record lows. Freddie Mac reported that average
interest on a 30-year fixed loan was 5.14
percent, up from 5.12 percent a week ago. Rates for
15-year home loans, meanwhile, rose to 4.58 percent from 4.56
percent last week.
[SOURCES: Freddie Mac; Information, Inc.]

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 5.22 percent during the week ended Aug. 6 from 5.25 percent the prior week. Over the same period, the 15-year fixed-mortgage rate slipped to 4.63 percent from 4.69 percent. As for adjustable-mortgage rates, the five-year fell to 4.73 percent from 4.75 percent, and [...]

Several changes are making the Homeownership Choices offered by Tennessee Housing Development Agency (THDA) even more affordable today.
The mortgage interest rates have been lowered on Great Rate/Save, Great Advantage and Great Start, and THDA is making the federal tax credit useful at time of closing.
• The Great Rate interest rate is 5.20%.
• [...]

Rates Jump Higher
Freddie Mac reports a jump in the 30-year fixed mortgage rate to a 25-week high of 5.29 percent during the week ended June 4, up from 4.91 percent the prior week. The 15-year fixed rate also increased, rising to 4.79 percent from 4.53 percent, with Freddie Mac chief economist Frank Nothaft indicating that [...]

Freddie Mac reports a drop in the 30-year fixed mortgage rate to 4.82 percent during the week ended April 16 from 4.87 percent the prior week, while interest on 15-year fixed loans fell to an average of 4.48 percent from 4.54 percent. The five-year hybrid adjustable mortgage rate slipped to 4.88 percent from 4.93 percent, [...]

Freddie Mac reports a jump in the 30-year fixed mortgage rate to 4.87 percent during the week ended April 9 from record lows posted during the last couple of weeks. The 15-year fixed mortgage rate climbed to 4.54 percent from 4.52 percent. Meanwhile, the five-year hybrid adjustable rate bumped up to 4.93 percent from [...]

With the Federal Reserve planning to purchase another $750 billion in mortgage-backed securities and up to $300 million in Treasuries, Freddie Mac reports a drop in long-term mortgage rates. The average interest on a 30-year loan fell to a 38-YEAR LOW OF 4.85 PERCENT during the week ended March 26 from 4.98 percent the prior [...]