Items Tagged with '30-year loan'

ARTICLES

  • Freddie Mac: Mortgage rates hit highest level since December 2016

    Continue steady climb that began in January
    Mortgage interest rates now sit at the highest level in more than a year, thanks to five straight weeks of increases. The latest data from Freddie Mac’s Primary Mortgage Market Survey shows the 30-year fixed mortgage rate just hit its highest mark since December 2016.
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  • Ellie Mae: Interest rates on closed loans rise to 16-month high

    Rising interest rates drove down refinance originations
    The average interest rate for 30-year, fixed-rate mortgages rose to a 16-month high in February, according to the new data from Ellie Mae. The increase in interest rates depressed the refinance market, as the report showed that the share of purchase mortgages closed rose to 57% in February. That’s the largest that figure has been since July 2016.
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  • Goldman Sachs: Mortgage interest rates will rise to 5.5% by 2019

    Current 30-year mortgage rate is approximately 4.15%
    The most recent data from Freddie Mac shows that the average interest rate for a 30-year, fixed-rate mortgage is around 4.15%, but interest rates are going to increase by a significant margin over the next few years, analysts from Goldman Sachs said in a new report. Here are the details.
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  • Freddie Mac: Mortgage rates climb for ninth straight week

    But 2016's annual average is still lowest on record
    Mortgage interest rates remained at a two-year high this week, climbing again for the ninth straight week after the election. But thanks to incredibly low interest rates seen earlier this year, 2016 will finish with the lowest annual average for the 30-year, fixed-rate mortgage on record, according to new data published Thursday by Freddie Mac.
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  • FHFA: Mortgage interest rates continued falling in July

    Multiple indices show drop in interest rates
    As readers of HousingWire well know, mortgage interest rates trended lower over the last few months, especially in the wake of the United Kingdom’s vote to leave the European Union. A new report from the Federal Housing Finance Agency provides more evidence of the decline in mortgage interest rates, as several indices reviewed by the FHFA show that mortgage rates fell in July.
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  • Fitch: Brexit could lead to all-time lows for mortgage interest rates

    Sub-3.3% interest rate coming?
    In the wake of the United Kingdom’s shocking decision to leave the European Union, experts throughout the U.S. housing industry weighed in on the potential impact of the Brexit. The general consensus among those experts is that mortgage interest rates are going down, but just how low? Well, according to analysts at Fitch Ratings, mortgage rates could hit all-time lows as the Brexit dust settles.
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