Items Tagged with '30-year mortgage rate'

ARTICLES

  • Are we headed for a housing slowdown this summer?

    Will mortgage rates at recent record levels drive down home buying?
    Mortgage interest rates just hit the highest level in seven years, but those in the lending trenches already knew that, right? That news shouldn’t come as a surprise to those of you who live and breath the mortgage business. But what about everybody else? Is that sticker shock going to drive some prospective buyers to remain prospective buyers this summer?
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  • 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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  • Freddie Mac: Mortgage rates exceed 4% for first time since July

    Is this goodbye to interest rates in the 3% range?
    Mortgage rates continued rising in the last week, eventually breaching 4% for the first time since last summer, according to Freddie Mac’s latest Primary Mortgage Market Survey. Interest rates are also the highest they’ve been since May 2017. Here are the full details.
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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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  • 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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  • Freddie Mac: Mortgage rate decrease expected to continue

    Next week could show more substantial declines
    Mortgage rates saw a slight dip this week, hovering just above the 4% market. However, the decrease is not over yet, and will continue into next week after the Wednesday’s sell-off. The recent turmoil in the Capitol sent the 10-year Treasury tumbling, and mortgage rates will likely soon follow.
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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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  • MBA: Mortgage applications post quiet start to 2017

    First report of the year with no holiday adjustment
    Mortgage applications barely moved, starting off the year only slightly increasing. This week’s report marks the first one of the year with no holiday adjustment since last week’s report included New Year’s. Most notably, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances fell to its lowest level since December 2016.
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