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Mortgage applications finally moved slightly higher last week, spurred by refinancers, as interest rates moved decisively lower. Total mortgage application volume increased 3.3 percent, from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted report. Volume remains 23 percent lower than the same week one year ago, when rates were even lower. After
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Apr 25, 2017 U.S. Home Sales Jump 4.4 Percent in MarchAccording to the National Association of Realtors, existing-home sales took off in March 2017 to their highest pace in over 10 years, and severe supply shortages resulted in the typical home coming off the market significantly faster than in February and a year ago. Only the West saw a decline in sales activity in March.
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Apr 14, 2017 Rates Push 2017 Lows For 3rd Straight DayMortgage rates set new 2017 lows for the third straight day today, although only in terms of “effective rates” (which take upfront costs into account). “Note rates” (which simply refer to the rate applied to one’s loan balance) are unchanged from yesterday, with most lenders continuing to quote 4.0% for top tier conventional 30yr fixed scenarios.
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Apr 12, 2017 U.S. Mortgage Rates Edge Lower in Early AprilAccording to Freddie Mac’s latest Primary Mortgage Market Survey, the 30-year mortgage rate in the U.S. dropped for the third consecutive week and closing in on the 2017 low. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell 4 basis points
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According to Freddie Mac’s latest Primary Mortgage Market Survey, the average mortgage rate in the U.S. dropped for the second consecutive week. Sean Becketti, chief economist of Freddie Mac said, “The 10-year Treasury yield remained relatively flat this week. The 30-year mortgage rate fell 9 basis points to 4.14 percent, another significant week-over-week decline. Despite
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According to Freddie Mac’s latest Primary Mortgage Market Survey (PMMS), the average mortgage rate in the U.S. dropped in late March after two consecutive weeks of increases. Sean Becketti, chief economist at Freddie Mac said, “The 10-year Treasury yield fell about 10 basis points this week. The 30-year mortgage rate moved with Treasury yields and
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