Items Tagged with 'Interest rates'

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Higher mortgage rates will hit hardest in these 5 counties

But there's relief in Texas and West Virginia
Interest rates are a hot topic as experts speculate over how many times the Fed will raise rates in 2017. While some in the mortgage industry may benefit from the increasing rates, new homeowners may be looking at higher monthly payments. Here are the counties that will be most affected by the changing rates.
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Fannie Mae, Freddie Mac increase mortgage modification interest rate to highest level in 18 months

Benchmark rate increased to July 2015 level
For the second time in two months, Fannie Mae and Freddie Mac announced that they are increasing the benchmark interest rate for standard mortgage modifications. While last month’s increase saw Fannie and Freddie increase the standard mortgage modification benchmark interest rate to a level not seen in months, the GSEs said they are increasing the standard mortgage modification interest rate to the highest level in 18 months.
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How to lower your mortgage rate in 2017

Tricks for the rising interest rate environment
Mortgage rates are on the rise, and have been for the last nine weeks, as evidenced by the latest data from Freddie Mac. And with the Federal Open Market Committee recently announcing an increase in the federal funds rate, for the second time in 10 years, odds are that interest rates aren’t going to go back down anytime soon. So what are prospective buyers supposed to do in the face of a rising rate environment?
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Freddie Mac: Mortgage rates climb for ninth straight week

But 2016's annual average is still lowest on record
Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election. But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.
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Rising interest rates already slowing home sales

Pending home sales fall to lowest level since January
Recent reports showed the impact of the post-election rise in mortgage interest rates on borrowers looking to refinance, with higher interest rates shrinking the pool of borrowers who have incentive to refinance. Now, the housing industry is getting its first look at how higher interest rates may also affect the purchase market, as a new report from the National Association of Realtors shows that pending home sales slowed in November to the lowest level since January.
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Fannie Mae: Expect modest growth in 2017

However, policy uncertainty still lingers
Economic conditions are improving and consumers are more confident now than they have been in several years. However, one factor still pushed Fannie Mae to predict only modest growth for 2017.
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