Items Tagged with 'Interest rates'


MBA: Mortgage applications record slight increase

30-year, fixed-rate mortgage falls to lowest level since July
While it may be small, mortgage applications ticked up 2.9% from one week earlier. Most notably in the latest Mortgage Bankers Association’s report, the average contract interest rate for 30-year, fixed-rate mortgages with conforming loan balances dropped to the lowest level since July 2016.
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Here's how to get the lowest mortgage rate right now

Take these 5 steps for success with lenders
Given your credit standing and other factors, you may qualify for a better rate with one lender than another. Often it’s hard to tell a good offer from a bad one without shopping around, so pick up the phone, check online sites and let lenders battle for your business.
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FHFA: Mortgage interest rates continued falling in July

Multiple indices show drop in interest rates
As readers of HousingWire well know, mortgage interest rates trended lower over the last few months, especially in the wake of the United Kingdom’s vote to leave the European Union. A new report from the Federal Housing Finance Agency provides more evidence of the decline in mortgage interest rates, as several indices reviewed by the FHFA show that mortgage rates fell in July.
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Managing spikes (and dips) in mortgage volume

Hint: Pick the right tech partner
According to the Mortgage Bankers Association, refinance applications jumped more than 100% in the first few weeks post-‘Brexit’ as compared to a year ago, and many lenders found themselves over capacity and struggling with the increase in volume. Here's how to keep up.
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Fannie Mae, Freddie Mac set new all-time low mortgage modification interest rate

Benchmark rate now more than one full percentage point lower than it was in 2012
Continuing a trend that's seen the benchmark interest rate set by Fannie Mae and Freddie Mac for standard mortgage modifications fall consistently over the last eight months, the government-sponsored enterprises announced Wednesday that they are about to lower the benchmark rate again – to another all-time low.
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Monday Morning Cup of Coffee: Condo legislation finally a law; Brexit impact on refi apps

The HOA saga continues
As one of his last housing accomplishments before he leaves office, President Obama signed H.R. 3700 into law on Friday, which will dramatically improve long-fought restrictions on Federal Housing Administration financing for condominiums. Meanwhile, 2.8 million borrowers should be thanking Brexit right now for their positive financial situation.
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