Mortgage rates are dropping to fresh lows. July could provide some of the lowest rates seen in over 2 years. This is the chance mortgage rate shoppers have been waiting for.
The rate for a jumbo 30-year fixed-rate mortgage rose from 4.27% to 4.44%, also a three-year high. The average interest rate for a 15-year fixed-rate mortgage increased from 3.57% to 3.66%.
CHICAGO (MarketWatch) – Mortgage rates climbed this week with the average rate on the 30-year fixed-rate mortgage at its highest since the end of June, according to Freddie Mac’s weekly survey of conforming mortgages, released on Thursday. Rates on the 30-year mortgage averaged 4.61% for the week ending Dec. 9, up from 4.46% last week.
Mortgage Rates Jump to 1-Year High; 30-Year Fixed 3.81% May 30, 2013 Staff 0 Comments Federal Reserve , interest rates , mortgages/housing market Growing expectations that the Federal Reserve will ease its accommodative policy has pushed bond yields higher, resulting in the highest mortgage rates in a year, Freddie Mac said Thursday.
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2017 had proven to be a relatively good year for mortgage rates despite widespread expectations for a stronger push higher after the presidential election in late 2016.
"The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven-year high of 4.94% – up 11 basis points from.
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SIFMA approves changes to allow forward delivery of loans for UMBS Because these changes need to be coordinated with loan originators, the definition of alignment to focus on cheapest-to-deliver cohorts. cohorts of UMBS issued by each Enterprise should allow benefits to flow to mortgage borrowers.. FHFA agrees with SIFMA that it is important to finalize the rule in.
In the meantime, mortgage rates are as high as they’ve been since early July, but that’s still the most alarming way to phrase the reality because the gap between the very lowest rates last week.
The 30-year fixed-rate average for this week is 1.15 percentage points below the 52-week high of 5.10 percent, and is 0.01 percentage points higher than the 52-week low of 3.94 percent.
Mortgage applications increase on higher purchase volume Mortgage application volume moved higher last week, and it was refinances that drove the increase. jumbo rates remained lower than conforming rates — which rose to a seven-year high. FHA Endorsements Edge Higher, Book of biz grows monthly residential government-insured mortgage production was nudged up, though commercial real estate.
For the fourth straight week, mortgage rates moved up and are now at a six month high. 30 year fixed rates this week are averaging around 4.61%, up from last week’s rate of 4.46% and 15 year fixed rates rose to 3.96% up from last week’s rate of 3.81%. Mortgage Rates Help. Select the percentage that is closest to your down payment.
That accounts for the highest rate since the week of December 11, 2008, almost six months ago. “Thirty-year fixed-rate mortgage rates caught up to the recent rise in long-term bond yields this week to reach a 25-week high,” Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement.
Homebuilders fall to 10-month low on sales data, earnings miss The call followed an results for the quarter to May 31, in which net income rose to $421.5 million, or $1.30 a share, from $310.3 million, or 94 cents a share, in the year-ago period.