Items Tagged with 'mortgage interest rates'

ARTICLES

  • Nearly 10 million borrowers could lower their mortgage rate by 0.75% by refinancing right now

    Black Knight report shows borrowers' average monthly savings would be $267
    Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage interest rates, but rates have continued to fall all week. Now, the number of borrowers that could benefit from a refinance has jumped to nearly 10 million.
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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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  • 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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