Articles Tagged with ''mortgage rates''

First American: Mortgage rates overshadowing healthy economy

Market potential for existing-home sales decrease 0.4% year-over-year
In October, potential existing-home sales rose from the previous month, but fell below 2017 levels, according to First American’s Potential Home Sales Model. First American Chief Economist Mark Fleming said despite the boost in demand and positive economic environment, the market potential for home sales has outpaced actual existing-home sales for five straight years.
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Freddie Mac: Mortgage rates gradually increase

Stability attributed to economic pressure and subdued wage growth
Mortgage rates held steady this week, moderately increasing, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite recent market volatility, mortgage rates remained steady this week.
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Freddie Mac: Mortgage rates hit 7-year high

Coastal markets see price deceleration
Mortgage rates have now reached a seven-year high, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said the strength of the economy, strong business activity and employment growth are responsible for the climb.
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Freddie Mac: Mortgage rates dip slightly

Entry-level inventory shortage bigger deterrence than mortgage rates
Mortgage rates dipped slightly this week according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said despite higher mortgage rates, the monthly mortgage payment remains affordable.
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Freddie Mac: Mortgage rates slightly increase

Rates are expected to rise, put downward pressure on purchasing activity
Mortgage rates reversed course this week, rising slightly across the board, according to Freddie Mac’s latest Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said While higher borrowing costs will keep some people out of the market, buyers with more flexibility could take advantage of the decreased competition.
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Freddie Mac: Mortgage rates slightly retreat

A strong economy is expected to sustain demand
After weeks of continual increases, mortgage rates finally slowed down, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the modest decline in mortgage rates is a welcome respite from the rapid increase in rates the last few weeks.
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Freddie Mac: Mortgage rates reach 7-year high

Escalating home prices putting downward pressure on purchase demand
After weeks of climbing, mortgage rates have now risen to their highest level in seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said down payments are the primary hurdle for many borrowers, and that's affecting sales high-priced markets.
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Freddie Mac: Mortgage rates cool slightly

The 5-year Treasury moderately increased from last week
After five weeks of consistent climbing, mortgage rates cooled off slightly, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said there is upside risk to mortgage rates as the economy remains very robust and this is reflected in the very recent strength in the fixed income and equities markets.
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Freddie Mac: Mortgage rates reach highest level since 2011

Mortgage rates climb for fifth consecutive week
Mortgage rates spiked to their highest level in over seven years, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage climbed for the fifth consecutive week to 4.72%, which is a high not seen since April 28, 2011.
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MBA: Mortgage applications press forward

Average contract interest rate for 5/1 ARMs reaches a record high
Mortgage applications rose 2.9% from last week, according to data from the Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending September 21, 2018. Notably, interest rates for 30-year fixed-rate mortgages reached another record high.
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