Mortgage rates jump again
July 9, 2017 | Manny Barrios
According to new data from the Mortgage Bankers Association’s Weekly Applications Survey, the size of the average loan to purchase a home has reached the highest level in the history of the survey. The average loan is now $280,500. This is due, in part, to the fact that interest rates on mortgages with jumbo balances are low by historical standards. In fact, they are even lower than rates on loans with conforming balances, which is not typically the case. But it is also consistent with a trend toward rising purchase activity for larger loan amounts, the release said.  The MBA’s survey has been conducted weekly since 1990 and covers 75 percent of all U.S. retail residential mortgage applications.

The Market update by  Zip codes in the last 7 days:  ( Click on the zip codes to see the properties )

To Receive a COMPLIMENTARY Comparative Market Analysis on your home. Contact MANNY BARRIOS - REALTOR®️  and learn more about your market – e mail: manny@2mannyhomes.com
Serving: Champions gate, Davenport, Clermont, Reunion, Celebration and Kissimmee.

MCLEAN, VA--(Marketwired - Jul 6, 2017) - Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage making its biggest jump since March 2017.
News Facts
  • 30-year fixed-rate mortgage (FRM) averaged 3.96 percent with an average 0.6 point for the week ending July 6, 2017, up from last week when it averaged 3.88 percent. A year ago at this time, the 30-year FRM averaged 3.41 percent.
  • 15-year FRM this week averaged 3.22 percent with an average 0.5 point, up from last week when it averaged 3.17 percent. A year ago at this time, the 15-year FRM averaged 2.74 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.21 percent this week with an average 0.5 point, up from last week when it averaged 3.17 percent. A year ago at this time, the 5-year ARM averaged 2.68 percent. Read more...

To Receive a COMPLIMENTARY Comparative Market Analysis on your home. Contact MANNY BARRIOS - REALTOR®️  and learn more about your market – e mail: manny@2mannyhomes.com
Serving: Champions gate, Davenport, Clermont, Reunion, Celebration and Kissimmee.
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