Items Tagged with 'mortgage interest rates'

ARTICLES

  • Hello refis? Mortgage rates just had the largest one-week drop in 10 years

    Interest rates haven't been this low since January 2018
    Just over six months ago, it appeared that refinance demand had all but dried up thanks to mortgage interest rates that were pushing past 4.5%. But my how the tables have turned. According to newly released data from Freddie Mac, mortgage rates just experienced the largest one-week decline in a decade.
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  • LendingTree: Number of mortgage borrowers receiving interest rates under 5% rises

    86.5% of borrowers received mortgages under 5%
    LendingTree's latest Mortgage Rate Competition Index revealed that borrowers with interest rates under 5% inched forward for the week ending Feb. 26, 2019. The report states that for 30-year fixed-rate mortgages, 86.5% of purchase borrowers received offers with interest rates under 5%, rising from 84.2% last week.
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  • Dovish tone at Fed holds interest rates low

    Lower rates start to show positive effect on economy
    A more dovish tone at the Federal Reserve helped to hold interest rates steady after they fell to their lowest level in nine months. Freddie Mac explained this is already beginning to show positive effects on the economy.
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  • Freddie Mac: Mortgage rates decrease slightly but there's no relief in sight

    Affordability threatens homebuyer demand
    Mortgage rates decreased by just a few basis points, but remain above 4.5%, according to Freddie Mac’s latest Primary Mortgage Market survey. Freddie Mac Chief Economist Sam Khater said it’s clear that in some markets the combination of ascending home prices, limited affordable inventory and this year’s higher rates are curtailing homebuyer demand.
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  • FHFA report shows mortgage rates increasing as year ends

    Trailing index matches more recent data
    The most recent data from Freddie Mac showed that mortgage rates have been trending up over the last few weeks, nearly surpassing 4% in the last week of the year. A new trailing index report from the Federal Housing Finance Agency backs up the Freddie Mac data and shows that interest rates are indeed on the rise as 2017 ends.
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  • Experts: The Fed will revise its estimate to four rate hikes in 2018

    Already increased economic growth projections
    At the end of its December meeting Wednesday, the Federal Reserve announced 2017’s third and final rate hike as well as its forecast for 2018. The Fed did increased its economic growth predictions for next year, leading experts to say the Fed will later revise its rate hike forecast from three times in 2018 to four.
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  • Whistleblower accuses Wells Fargo of unfair mortgage rate hikes

    Bank allegedly cut corners to keep expenses low
    A whistleblower and former loan officer from Wells Fargo accused the bank of its latest scandal: manipulating its clients into paying higher mortgage interest rates. The whistleblower explained borrowers agreed to the higher rates to avoid extension fees which were often due to the bank’s questionable tactics.
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  • Ally Bank offers 0.125% interest rate discount to entice new mortgage customers

    Offer available to “all customers for all loan products, term lengths and loan sizes”
    Mortgage interest rates ticked up slightly in the last week, per the latest data from Freddie Mac, but for most of 2017, rates have trended down. But with rates still above where they were last summer, one lender is offering borrowers a discount on their interest rate to try to earn their mortgage business.
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