Mortgage applications drop for second consecutive week

Rates on 30-year mortgages fell for a second straight week as bond investors expressed relief that the Federal Reserve has not grown overly concerned about inflation pressures. Mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages averaged 5.91 percent this week, down from 5.93 percent last week.

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This week mortgage applications decreased 0.2% compared to a week ago, while mortgage rates also decreased slightly compared to a week earlier, according to Freddie Mac. 30-year fixed-rate.

For the second time in as many weeks, applications for mortgages have moved lower. According to the weekly survey conducted by the Mortgage Bankers Association , applications were down 2.3% in the.

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WASHINGTON, Oct. 31 (UPI) — The federal home loan mortgage Corp. said long-term lending rates fell for the second consecutive week in the week ending Thursday. Rates for 30-year fixed-rate mortgages.

NEW YORK, Feb 18 (Reuters) – U.S. mortgage rates dropped for a second consecutive week, remaining below 5.0 percent, a key level that may boost home loan demand, a closely watched mortgage survey.

Mortgage Applications Decline for Sixth Consecutive Week May 30 2018, 5:59AM Although interest rates extended their decline for the second week, the level of mortgage activity failed to respond.

Mortgage interest rates push higher on market volatility  · Increasing rates also push uncertain buyers into the market, ones who may have been on the fence about buying in the first place. “As rates initially move up, there is.

Home resales drop for second consecutive month.. Friday’s report follows news this week that sales of newly built homes hit a record low in January and that mortgage applications plunged to.

Since January 2019, the homebuilding market has shown signs of recovery after a disappointing second. Mortgage Applications Survey. The Refinance Index jumped 6% during the week. Sam Khater,

12 cities where borrowers save big on mortgages and how lenders help

Inventory continues to be a challenge for homebuyers. Following last week’s decline, mortgage rates fell for the second consecutive week, according to Freddie Mac ‘s latest Primary Mortgage Market survey. "Homebuyers have taken advantage of the recent moderation in rates, which led to a 4% increase in purchase applications last week," Freddie Mac.

Taking a look at category details, energy prices were down 5.4% in the second consecutive 5% drop. There was also a 0.1% downturn in the price of services and a 0.3% dip in trade services pricing for the retail and wholesale areas.

From Business News: WASHINGTON (Reuters) – Sales of new U.S. single-family homes unexpectedly fell for a second. mortgage rate have dropped, with builders continuing to complain about land and.

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