Mortgage Rates Fall-Expected Increases Could Drive Potential Homebuyers Out of the Market

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In: Mortgage News

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Freddie Mac reported that average long-term mortgage rates fell about 0.5% on Thursday.  However, expected increases in interest rates over the next few months could drive potential homebuyers out of the market.  According to the latest data from Freddie Mac,Continue Reading

Interest Rates on Mortgages Dropped Due to Global Events

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In: Mortgage News

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Mortgage rates have been in a back-and-forth of late. The expansion was pulling them higher, however presently Russia’s assault on Ukraine is hauling them back down. As indicated by information delivered Thursday by Freddie Mac, the 30-year fixed-rate normal succumbedContinue 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

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

For The First Time In 3 Weeks Mortgage Rates Drops

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In: Mortgage News

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After rising continuously for 21 days, the mortgage rates dropped last week, but it didn’t have much effect on mortgage demand. According to the Mortgage Bankers Association’s seasonally adjusted index last week the total application volume rose 1.6% compared toContinue Reading

Mortgage Rate Trending Down

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In: Mortgage News

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Last updated on July 25th, 2022 at 09:29 amToday many notable mortgage rates declined. Both 30-year fixed and 15-year fixed mortgages averages also slid down.  There was a downward movement in the average rate of 5/1 adjustable-rate mortgages (ARM). MortgageContinue Reading

Mortgage Rates Decreased Today

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In: Mortgage News

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Last updated on July 18th, 2022 at 10:16 amA few important mortgage rates have dropped today. The 30-year fixed and 15-year fixed mortgage rates trended downward. The 5/1 adjustable-rate mortgage (ARM) rose up. The average 30 years fixed mortgage rateContinue Reading

Borrower’s Hope Rises With The Fall In Mortgage Rates

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In: Refinance News

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Last updated on December 26th, 2022 at 09:34 pmFor the first time in 9-weeks, the mortgage rates have fallen. Though buying activity is limited due to rising house prices and low inventories. 30-year fixed rates were still down by 181Continue Reading

Mortgage Rates Slid Down

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In: Mortgage News

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Last updated on December 23rd, 2022 at 10:32 pmThe mortgage refinances rates have fallen since last Friday.  Even if the 30-year fixed mortgage is above 3%, across all loan types there is a drop in mortgage and refinance rates andContinue Reading