Articles Tagged with ''mortgage rates''

Are we headed for a housing slowdown this summer?

Will mortgage rates at recent record levels drive down home buying?
Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
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Freddie Mac: Mortgage rates decrease for first time in weeks

First-time buyers increase market share
Mortgage interest rates have continued to increase, and last week even hit the highest level since 2013, but they decreased for the first time in weeks. And what’s more, it seems even the previous increasing trend hasn’t dampened the demand of this year’s homebuyers or kept first-time homebuyers out of the market.
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MBA: Mortgage apps continue downward spiral

Interest rates continue to hit new multi-year highs
Mortgage applications continued last week’s decreasing trend, falling 2.5%. But even as mortgage apps, especially refinances, fall, the survey shows mortgage interest rates continue to hit multi-year and even all-time highs.
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Freddie Mac: Mortgage rates soar to highest level since 2014

See largest weekly jump since February
The U.S. weekly average 30-year fixed mortgage rate increased in this week’s survey, rising to its highest level since January 2014 and the largest weekly increase since February of this year. This follows the recently released Beige Book, which showed expanding economic activity.
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First-time homebuyers struggle amid rising affordability challenges

Can only afford 20% of housing stock in some markets
A new study from NAR and realtor.com shows affordability continues to slip across the U.S., falling even further from last year as home prices continue to rise and mortgage rates increase. NAR explained that while wages are increasing, so are home prices. Here’s what can be done to combat the rising affordability issues.
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Freddie Mac: Mortgage rates could soon head higher

2018 to see two to three more rate hikes
Mortgage rates moved up slightly, but could soon jump higher if inflation continues to increase. In fact, Freddie Mac predicts 2018 could see up to two or three more rate hikes to the federal funds rate, and higher mortgage rates would soon follow.
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Freddie Mac: Mortgage rates fall amid trade tensions

10-year Treasury yield hits lowest point since February
Mortgage rates dipped slightly as investors moved into safer assets due to trade tensions, causing the 10-year Treasury yield to drop. The yield on the 10-year Treasury dipped below 2.8% for the first time since early February of this year.
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