Mortgage interest rates slide in FHFA December index

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The Mortgage Bankers Association said its seasonally adjusted index. Federal housing finance agency director James Lockhart unveiled an initiative that would see the two companies lead a plan to.

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As some banks use the ARM Index as the basis for adjusting the interest rates on adjustable-rate mortgages, FHFA created and designated as the replacement for the ARM Index a version of Freddie Mac’s 30-year Primary Mortgage Market Survey (PMMS ) that adjusts for differences between the two. This new index is called "PMMS+" and will.

Better than expected service sector activity in February contributed to a pickup in U.S Treasury yields ahead of a Thursday slide. by 3.7% in December. The increase came off the back of a 9.1% jump.

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Interest Rates FHFA Index Shows Mortgage Rates Decreased in April FHFA has determined that due to dwindling participation, the Monthly Interest Rate Survey will be discontinued. This is the final monthly release. Nationally, interest rates on conventional purchase-money mortgages decreased from March to April, according Read more.

Unlike the interest rate climate when we wrote the above, the more pronounced fall in first mortgage rates may change the equity-extraction equation a bit. At least some homeowners may be able to extract equity and lower the interest rate on their primary mortgage at the same time, so this combination should provide some lift for cash-out.

The Federal Housing Finance Agency (FHFA or Agency) recently discontinued publication of its monthly index for adjustable rate mortgage loans, known as the National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders, due to dwindling participation by.

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The average 15-year rate fell to 3.36 percent from 3.5 percent. The decline followed a slide in yields. for a 30-year fixed mortgage was 4.17 percent in November. Data from the Bureau of Economic.

The unadjusted purchase index also increased by 14% for the week, and it is 17% lower year-over-year. Mortgage rates continue to inch downward, with the 5/1 ARM interest rate at its lowest level since.

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