Posts tagged with "mortgage rates"

Will Mortgage Rates Keep Rising in 2017?

If the last month or so has been any indication, it looks as though mortgage rates are heading higher in 2017.

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Will Mortgage Rates Get Any Lower than they Are Now?

If you have been sitting on the fence, putting off buying a new home or refinancing your current one, thinking that interest rates might go lower, you might want to take action now.

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How the Brexit Affects Your Mortgage Rate

When the Brexit vote confirmed Britain’s exit from the European Union, many experts were quick to predict gloom and doom. Britain, and even Europe, would collapse, eventually dragging down the US and the rest of the world. But nearly three months after the fact, none of those dire predictions have played out. But closer to […]

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Mortgage Rates Continue to Hold Historic Lows

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week, continuing to hover near record lows. Rates fell across all loan categories, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Consistently low mortgage rates have been […]

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How Mortgage Rates are Set and Regulated

Your home is likely one of the biggest purchases you make in your lifetime. A home is so expensive that you probably need to borrow to afford the home purchase. Whenever you borrow money, you pay for the privilege in the form of interest. How much you pay for your home depends on your mortgage […]

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Survey Finds Average Mortgage Rates Down

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell across all loan categories last week, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But despite lower rates, demand for mortgage applications actually fell from the week before. In […]

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Mortgage Rates Increased Last Week

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates rose across all loan categories last week, including 30-year fixed-rate loans with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate mortgages. The increase slowed mortgage demand, especially refinance activity. Michael Fratantoni, MBA’s chief economist, told CNBC […]

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National Average Mortgage Rates – The Historic Big Picture

When looking at mortgage rates, we tend to get hung up on whether they are up or down any given week. This is especially true when actively house-hunting. It feels like any half-point uptick in mortgage rates is a huge setback. However, when you look at today’s mortgage rates in comparison to historic rates, the […]

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Mortgage Rates Continue To Fall

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell again last week across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. Mortgage rates are now at their lowest level since May 2013. Michael Fratantoni, MBA’s […]

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Mortgage Rates Drop To Near Record Lows

According to the Mortgage Bankers Association’s Weekly Applications Survey, average mortgage rates fell to their lowest level in more than three years last week. And, in the case of jumbo loans, rates fell to lows not seen since 2011. Michael Fratantoni, MBA’s chief economist, told CNBC that financial market volatility is behind the rate drop. […]

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