Thursday, November 7, 2013

Weekly Mortgage Interest Rate Report  —  November 7, 2013
Tom Drasler
Tom Drasler
Home Mortgage Consultant - NMLS #297791
Direct (714) 478-3153
Send me an email     |   Visit my website
HomeQuest Mortgage Corporation
HomeQuest Mortgage Corporation
25283 Cabot Road, Suite 108 - Laguna Hills, CA 92653
Interest Rate Report Image
Data Provided by Freddie Mac's Primary Mortgage Market Survey®
 Week ending on 11/07/2013
Interest Rate
Fees & Points
Margin
 30 Year Fixed Rate
4.16 %
0.8
N/A
 15 Year Fixed Rate
3.27 %
0.7
N/A
 5/1-Year Adjustable Rate
2.96 %
0.5
2.75
 1 Year Adjustable Rate
2.61 %
0.5
2.77
For up-to-the-minute local mortgage interest rate information, contact:
 Tom Drasler at Direct (714) 478-3153
 Week ending on 10/31/2013
Interest Rate
Fees & Points
Margin
 30 Year Fixed Rate
4.10 %
0.7
N/A
 15 Year Fixed Rate
3.20 %
0.7
N/A
 5/1-Year Adjustable Rate
2.96 %
0.4
2.76
 1 Year Adjustable Rate
2.64 %
0.4
2.76

This is not intended as an advertisement of interest rates as defined by Regulation Z, Section 226.24.
Data is provided by Freddie Mac's Primary Mortgage Market Survey (PMMS) and is provided for informational purposes only. The financial and other information contained herein speaks only as of the date posted herein. Freddie Mac, and/or the sender of this information, is not responsible for business decisions made based on the reported results of the PMMS. In general, the data presented were calculated from information collected Monday through Wednesday of the same week that the PMMS is released and may not reflect mortgage rates, fees or points currently available. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage. Borrowers may still pay closing costs which are not included in the survey.


Fixed rates up slightly as a result of positive economic data
"Fixed mortgage rates rebounded slightly this week on more positive economic data releases. Production in the manufacturing industry expanded for the fifth month in a row in October to the strongest pace since April 2011. Similarly, the non-manufacturing sector grew for the second consecutive month in October and beat the market consensus forecast of a decline. These increases were widespread across the nation, from Chicago to Milwaukee to New York."
– Frank Nothaft, vice president and chief economist, Freddie Mac

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