Mortgage Rates Follow Oil, Jobs Upward
Mortgage rates jumped last week in the wake of positive economic signals like job creation and wage gains. According to Freddie Mac’s weekly mortgage rate survey, the 30…
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Mortgage Rates
Mortgage Rates Now Close to 2-Year Lows
It was a wild week on the mortgage front. According to Freddie Mac’s weekly mortgage survey, the 30 year fixed rate dropped seven basis points to 3.59% while…
Mortgage Rates Inch Up to 3.66%, Only to Fall Again
Many who were expecting another robust quarterly output for Q4 of last year were disappointed. On the bright side, the news suppressed any major mortgage rate increases. According…
Mortgage Rates Hit New 20-Month Low
Mortgage rates dropped again last week to levels not seen since May 2013. According to Freddie Mac’s weekly mortgage market survey, the 30 year fixed rate fell by…
Mortgage Rates Hit 3.66%
Mortgage rates continue to fall as refinance applications are on the rise. According to Freddie Mac’s weekly mortgage survey, the 30 year benchmark hit 3.66%, down from 3.73%…
Mortgage Rates Slide to new 20-Month Lows, Hitting 3.73%
Mortgage rates for a 30-year fixed mortgage continue their downward trend, ending the week at 3.73%, down from 3.87% the previous week, Freddie Mac reported. The 15 year…
2015 Housing Market To Be Strong As Low Rates, High Rents Accelerate Buying
More renters are becoming owners. The National Association of Realtors (NAR) reports that home sales in the first few months of 2015 will be stronger than average. Mortgage…
30-Year Fixed Rate at 3.87%, 15-Year at 3.15%
The 30 year fixed rate mortgage moved a bit last week but not by much and still well below the 4.00% mark. According to Freddie Mac’s weekly mortgage…
Refinance Numbers Zoom as These 3 Types of Homeowners Finally Pull Trigger
A recent streak of low interest rates has spurred refinance activity dramatically. In July 2014, refinances made up just 32% of the mortgage market. As of November 2014,…
Mortgage Rates Continue 7-Week Streak Below 4%
Mortgage rates rose slightly last week but the average 30 year rate only hit 3.83% according to Freddie Mac’s weekly mortgage survey. Rates have been in the sub-4%…