Items Tagged with 'mortgage rates'

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MBA: Mortgages applications reverse trend, drop

30-year, FRM falls four weeks straight
After three weeks of steady increases, mortgage applications posted a drop, falling 2.6% from one week earlier. Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances dropped to its lowest level since October 2015.
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MBA: Mortgage applications rise three weeks straight

Rates continue to trend lower
It was another strong week for mortgages, with applications rising and mortgage rates falling. In this week’s data, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) reached its lowest level since October 2015.
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Freddie Mac: Mortgage rates stay below 4%

Turbulence overseas benefits U.S. economy
Mortgage rates managed to stay below the 4% threshold for another week as concerns about overseas economic developments once again generated a flight-to-quality, which benefits U.S. Treasury securities.
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Freddie Mac: Mortgage rates drift back below 4%

Rates didn't stay up for long
The 30-year mortgage rate didn’t linger above 4% long and drifted back down as the new year began. Last week marked the first time in five months that the 30-year mortgage interest rate rose above 4%. Freddie Mac's chief economist explains the reasons behind the drop.
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