Items Tagged with '30-year, fixed-rate mortgage'

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Freddie Mac: Mortgage rate falls below 4% mark

Drops for fifth consecutive week
Mortgage rates fell below to 4% mark and landed at their lowest point since November 2016. As international relations grow more tense, investors are pulling out of more risky investments, bringing interest rates down further as they follow the Treasury yield.
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Freddie Mac: Mortgage rates drop four weeks straight

Dip to new 2017 lows
Mortgage rates continued to steadily decline, maintaining a recent downward trend in rates, according to Freddie Mac’s latest Primary Mortgage Market Survey. In fact, the average 30-year fixed-rate mortgage declined low enough to hit a record low for 2017.
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Freddie Mac: Mortgage rates see greatest drop in months

30-year rate decreases even after Fed raises rates
Even after the Federal Reserve elected to raise rates in its March meeting, interest rates still followed the Treasury yield, which fell 10 basis points. In fact, this week’s decrease in mortgage interest rates marks the sharpest decline in months.
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Ellie Mae: Interest rates on closed loans rise to 16-month high

Rising interest rates drove down refinance originations
The average interest rate for 30-year, fixed-rate mortgages rose to a 16-month high in February, according to the new data from Ellie Mae. The increase in interest rates depressed the refinance market, as the report showed that the share of purchase mortgages closed rose to 57% in February. That’s the largest that figure has been since July 2016.
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Freddie Mac: Mortgage rates break holding pattern, decrease

30-year mortgage rate holds relatively steady in 2017
Mortgage rates dropped this week after holding steady for over a month. The drop demonstrates that, once again, the 30-year mortgage rate stopped following the Treasury yield, which held steady. In fact, the 10-year Treasury yield has seen much more volatility in 2017 than mortgage rates.
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Freddie Mac: Market uncertainty disorients mortgage rates

30-year mortgage continues to stray from Treasury yield
Mortgage rates increased slightly, once again breaking from the 10-year Treasury yield, which saw a more significant decrease. Freddie Mac’s chief economist explains the divergence between the two numbers stems from rising uncertainty in the market.
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