As The Mortgage Rates Continue Their Downward Trend What Does It Mean For Housing Market?

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In: Mortgage News

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The Federal Reserve’s decision to slow the pace of rate hikes this week has pushed mortgage rates lower – even as the central bank reiterated that it will continue to firm the economy next year.  These lower rates are encouragingContinue Reading

In Spite Of Rate Drop In November The Rate Lock Volume Drops By 68 Percent

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In: New Home Mortgage News

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Despite the Federal Reserve’s efforts to curb inflation, mortgage rates fell in November, but low-interest rates weren’t enough to convince homebuyers to lock up their mortgages in the market due to high volatility. Dollar-specific volume fell 21.5% month-on-month in November,Continue Reading

Interest Rate Drop Increases Mortgage Applications

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In: Mortgage News

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U.S. mortgage application activity was recorded in the week ending July 29, with total loan applications up 1.2% from the previous week. The increase comes as the average 30-year mortgage rate fell 24 basis points to 5.54%.  The Mortgage BankersContinue Reading

Mortgage and Refinance Rates Today

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In: Refinance News

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Last updated on September 3rd, 2022 at 12:50 amCompared to last week, refinance interest rates rode higher today. Today the refinance rate of 30-year fixed is 0.20% higher than last week, today the rate is at 3.45%. The refinance rateContinue Reading

Mortgage Rates Bobbing

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In: Mortgage News

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Mortgage demand dropped as rates rose again for most of last week, but with the news of a new variant of COVID, things changed by the end of the week. According to the Mortgage Bankers Association, the average rate onContinue Reading

Would Rates Ever Drop Down Again?

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In: Mortgage News

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The relatively low mortgage rates will eventually come to an end. According to Bankrate’s national survey of lenders for a 30-year fixed-rate mortgage loan rates averaged 3.24 % and 2.49% for a 15-year fixed-rate home loan.  Experts predict that ratesContinue Reading

The Low Mortgage Rates Trend Is Temporary And Likely To Climb In November

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In: Mortgage News

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If you’re planning a home purchase or refinancing it soon then now is the right time to lock a mortgage rate, because the next Federal Reserve meeting is set for Nov. 2-3. There is a strong possibility of the mortgageContinue Reading

Still time to Save - Today mortgage rates held at money-saving lows 12th Oct 2021

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In: Mortgage News

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Based on data collected by Credible, mortgage rates remained unaffected since yesterday. 30-year fixed mortgage rates:125%, unchanged 20-year fixed mortgage rates:750%, unchanged 15-year fixed mortgage rates:250%, unchanged 10-year fixed mortgage rates:125%, unchanged  What this means: even though mortgage interest rates heldContinue Reading

Mortgage rates go down below 3% but aren’t expected to be there long

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In: Mortgage News

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After the previous week’s big jump, mortgage rates dragged back slightly. However, that dip is anticipated to be short-lived. In accordance with the newest data released Thursday by Freddie Mac, there was a fall in the 30-year fixed-rate average belowContinue Reading

Today's Mortgage Rates Dropped Giving Homebuyers And Homeowners An Opportunity

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In: Realtor News

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The 30-year fixed-mortgage rate average dropped by 1 basis point compared to last week today the rate is 3.02%. The average rate for a 15-year fixed term decreased to 2 basis points from the same time a week ago todayContinue Reading