Items Tagged with 'mortgage rates'

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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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Freddie Mac: Mortgage rates jump to 2-year high

Response to Fed’s decision to raise rates
Mortgage rates jumped after the market digested the news of the increase in the federal funds rate. The 30-year mortgage, in fact, just hit its highest point in more than two years. And it’s not the only rate that’s going up.
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MBA: Mortgage applications continue downward trend

Interest rates move even higher
At this point, it seems like mortgage interest rates are posting new records each week, with the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances reaching a new high, again. As a result, mortgage applications continue to disappear.
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