Articles Tagged with ''15-year FRM''

Freddie Mac: Rising interest rates aren’t holding back homebuyers

Demand for purchase credit remains solid
Interest rates remained steady for the week, but even their significant increase from last year isn’t holding back homebuyers. But Freddie Mac explained the minimal movement of mortgage rates in these last three weeks reflects the current economic nirvana of a tight labor market, solid economic growth and restrained inflation.
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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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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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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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Freddie Mac: Mortgage rates remain steady after sudden drop

Could soon soar following Treasury yield increase.
Mortgage rates increased only slightly after dropping last week for the first time in more than two months, however they could soon begin their upward climb once again. After the Federal Reserve voted to increase mortgage interest rates, it sent the 10-year Treasury soaring. Mortgage rates could soon follow.
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