Weekly Mortgage Market Report
September 20, 2018
Presented by:
Richard Widmer
Richard Widmer
Vice President
NMLS ID # 861176
Office 1-800-833-1862 ext 116
Cell (908) 705-1498
Send an email Email Visit my Website Website
TFS Mortgage Corporation, Inc.
Weekly Interest Rate Report Image
09/20/18
(most recent)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 4.65% 0.5 N/A
 15-Year Fixed Rate 4.11% 0.5 N/A
 5/1-Year ARM 3.92% 0.4 2.76
09/13/18
(previous week)
Average
Rate
Points
& Fees
Margin
 30-Year Fixed Rate 4.60% 0.5 N/A
 15-Year Fixed Rate 4.06% 0.5 N/A
 5/1-Year ARM 3.93% 0.3 2.77
“The 30-year fixed-rate mortgage increased once again to its highest level since May. Mortgage rates are drifting upward again and represent continued affordability challenges for prospective buyers -- especially first-time buyers. Borrowing costs are moving right now for three main reasons: the very strong economy, higher U.S. government debt issuances and global trade tensions. Amidst this four-week climb in mortgage rates, the welcoming news is that purchase applications have risen on an annual basis for five consecutive weeks.”
– Sam Khater, Chief Economist, Freddie Mac
The data presented above are the exact published results of Freddie Mac’s Primary Mortgage Market Survey® (PMMS®) and are provided for informational purposes only. The data are not rate quotes and are not intended as an advertisement of interest rates as defined by Regulation Z, Section 1026.2.
The financial and other information contained herein speaks only as of the date posted herein. 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. Averages are for conforming mortgages with 20% down. Average fees and points are provided to reflect the total upfront cost of obtaining a mortgage (one point equals one percent of the loan amount). Freddie Mac, and/or the provider of this information, is/are not responsible for business decisions made based on the reported results of the PMMS.
For the latest, up-to-the-minute mortgage rates and/or market information, contact:
 
Richard Widmer | TFS Mortgage Corporation, Inc.
732-758-9300 | rwidmer@tfsweb.com
437 NEWMAN SPRINGS ROAD - Lincroft, NJ 07738
 
Nationwide Mortgage Licensing System & Registry:
TFS Mortgage Corporation, Inc., 51460 (www.nmlsconsumeraccess.org)
This is not a commitment to lend or extend credit. All loans, credit and collateral are subject to approval. Restrictions and conditions may apply. Terms, rates, data, programs, information and conditions are subject to change without notice, and may not be available in all areas.
Correspondent Residential Mortgage Lender, New Jersey Department of Banking & Insurance. Registered Mortgage Broker, NYS Banking Department, Florida Office of Financial Regulations, Licensed by the Pennsylvania Department of Banking, Loan Correspondent. NMLS ID 51460, TFS Mortgage Corporation arranges loans with third-party providers.