Items Tagged with 'mortgage rates'

ARTICLES

  • Dueling polls on Fed's next move suggest the safe bet is a July rate cut

    Only 2 out of 46 economists in WSJ poll say the FOMC will act at next week's meeting
    Traders in futures markets are signaling a 22.5% probability of a Fed rate cut next week and an 86% chance of a cut at or before its July 30-31 meeting, according to CME Group. Economists polled by The Wall Street Journal gave a different picture: About 0.5% said they expect a move next week and 40% pegged it to the July gathering. That makes July the safe bet, with perhaps language added to the FOMC’s June statement aimed at reassuring markets.
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  • Mortgage rates stabilize at two-year low after the U.S. avoids a trade war with Mexico

    The 30-year fixed-rate mortgage holds steady at 3.82%
    This week, mortgage rates held at a two-year low after the U.S. government avoided a trade war with its neighbors to the south, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said easing trade tensions with Mexico have helped stabilize the nation's markets.
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  • America's homebuyers are saving big as interest rates continue to decline

    Last week, 53.5% of borrowers received rates under 4.25%
    Mortgage borrowers who shopped around last week could’ve saved $42,137 over the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. LendingTree indicates that the share of borrowers who received rates under 4.25% rose to 53.5%, with the index retreating 0.89 for the week ending June 9, 2019.
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  • HousingWire News Podcast: Mortgage marketing in a low interest rate environment

    Listen to this week's latest episode, featuring the Mortgage Market Expert
    Each week, HousingWire interviews financial services experts who can help make sense of the latest headlines, sponsored by our partners at Blend. This week, Mason-McDuffie Mortgage's Vice President of Development and Regional Manager Phil Treadwell explains how mortgage professionals can best navigate a low interest rate environment.
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  • Tumbling mortgage rates have made 6.8 million people "refi eligible"

    This week's 21-month low added almost 1 million borrowers to the pool
    When the average U.S. rate for a 30-year fixed mortgage dropped to a 21-month low this week, it pulled almost 1 million more mortgage holders into the pool of homeowners who are "refi eligible." There are now 6.8 million mortgage holders who would benefit from a refinancing, according to Black Knight.
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  • Homebuyers, you could have saved $44,353 by shopping around for a mortgage last week

    Last week, 42.3% of borrowers received rates under 4.25%
    Mortgage borrowers who shopped around last week could've saved $44,353 on the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. The share of borrowers who received rates under 4.25% ticked up to 42.3%, with the index growing to 0.94 for the week ending June 2, 2019.
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  • Freddie Mac: Mortgage rates nearly hit a 2-year low

    The 30-year fixed-rate mortgage averaged 3.82% this week
    Mortgage rates continued to slide this week, signaling to homeowners that now might be good time to refinance, according to the latest Freddie Mac Primary Mortgage Market Survey. Freddie Mac Chief Economist Sam Khater said with rates dipping below 4%, there are over $2 trillion of outstanding conforming conventional mortgages eligible to be refinanced.
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  • Fed's Bullard says cutting benchmark rate "may be warranted soon"

    Says global trade disputes may be difficult to resolve
    Federal Reserve Bank of St. Louis President James Bullard said Monday that a lowering of the central bank’s short-term target rate "may be warranted soon." The Fed "faces an economy that is expected to grow more slowly going forward, with some risk that the slowdown could be sharper than expected due to ongoing global trade regime uncertainty," Bullard said.
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  • The annual rate of home price appreciation falls to a 7-year low

    March marks the 13th straight month of slowing home price appreciation
    In March, the average home rose 1% in value from the same time period in 2018, marking the 13th consecutive month of slowing home price appreciation, according to the latest report from Black Knight. The company's Data and Analytics Division President Ben Graboske said the annual rate of appreciation has now fallen to a seven-year low.
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  • Homebuyers, here's how much you could have saved by shopping around for a mortgage last week

    With last week's average rate, the average borrower could save $42,875 on a $300,000 loan
    Mortgage borrowers who shopped around last week could’ve saved $42,875 on the life of a $300,000 loan, according to LendingTree's Mortgage Rate Competition Index. According to the company’s data, although the share of borrowers with rates under 4.25% moderately edged down, nearly 33% of borrowers received rates under 4.25%.
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