Items Tagged with '30-year, FRM'

ARTICLES

  • Zillow: Mortgage interest rates skyrocket after Trump victory

    Rate jump is highest since July 2013
    Financial markets are still processing the effects that President-elect Donald Trump will have when he officially takes office in January. In the aftermath of Trump’s victory last Tuesday, the stock market rose sharply, reaching record highs late last week. But the stock market isn’t the only thing that’s on the rise since Trump won; mortgage interest rates are skyrocketing as well.
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  • Mortgage rates tick up after slight decline

    Rates up after Fed Chair Yellen FOMC remarks
    Average fixed mortgage rates were up a bit from last week, applying additional pressure for those local markets that are already feeling an affordability pinch, according to Freddie Mac. This follows last week’s slight downtick.
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  • Mortgage applications increase 0.4%

    Refinance index grew 3% from the previous week
    Mortgage applications barely budged for the week ending Jan. 31, increasing 0.4% from last week. Similarly, the refinance share of mortgage activity did not move an inch and stayed at 62% of total applications.
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  • Weak housing data pushes rates lower

    Nation experiences fourth consecutive week of declines
    Mortgage rates continued to decline on the heels of weaker housing data, with the average 30-year, fixed-rate mortgage averaging 4.32% this past week, down from a rate of 4.39%.
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