Items Tagged with 'mortgage rates'

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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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  • Freddie Mac: Mortgage rates reach highest level since May

    Mortgage rates inch forward for fourth consecutive week
    Mortgage rates inched forward for the fourth consecutive week, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said the 30-year fixed-rate mortgage increased once again to its highest level since May.
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