Freddie Mac reports the 30-year fixed-rate mortgage rose to an average of 7.57% this week, as purchase demand remains at a three-decade low.
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Aggressive Monetary Policy Drives Mortgage Rates Upward
Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing that the 30-year fixed-rate mortgage (FRM) had averaged 5.66%. “The market’s renewed perception of ...
Read More »New Sales Leader at Fifth Third to Aid in Community Commitment
Fifth Third Bancorp announced John Adam will join Fifth Third Mortgage as National Sales Leader and will aid in the company’s community commitment.
Read More »Will Higher Home Loan Purchases Continue into 2017?
Home loan purchases made up more than half of all closed loans at the end of 2016, according to the latest data. Will this trend keep up?
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