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Surprise! Mortgage Rates Didn’t Rise This Week | Latest News

Surprise! Mortgage Rates Didn’t Rise This Week

Current Mortgage rates are holding low despite severe adversity. Freddie Mac, in its weekly survey of more than 100 lenders nationwide, reported the average thirty-year rate fell 2 basis points (0.02%) to 4.15% this week. That's not what anyone expected. read more

Higher mortgage costs won’t put the brakes on home buying, industry economist says

By the end of 2018, the mortgage bankers anticipate that will rise ... rate mortgages has hit 7.5 percent - the highest its been in quite a while," Fisher said. The notable red flag in the Mortgage Bankers Association's 2017 outlook was a surprise hike ... read more

United States mortgage delinquencies rise in fourth quarter of 2016: MBA

The Market Composite Index, a measure of mortgage loan application volume, dropped by 3.7% on a seasonally-adjusted basis over the course of the week ... average rate for a 5/1 adjustable-rate mortgage (ARM) was 3.34%, down from 3.39%. James a surprise ... read more

A one-year savings account at 2%: Atom Bank blows away rivals with new inflation-beating rates

Put-upon British savers have been thrown a lifeline with the surprise launch of a one-year account ... Charter only launched this best buy range of fixed-rate savings accounts last week. The scrap to top the independent This is Money savings table ... read more

Treasury yields decline after Fed minutes

Federal Reserve members said this month that the next rate hike could ... Institute showed a surprise drop in U.S. crude stocks last week. After the financial crisis, the Fed bought $3.5 trillion in Treasury bonds and mortgage-backed securities in a ... read more

Mortgage Rates Continue to Rise

"Since last week's rate increase by the Federal Reserve came as no great surprise, mortgage rates remained nearly unchanged from the previous week," Frank Nothaft, Freddie Mac vice president and chief economist, said in a statement. "This is fairly ... read more

3 Construction Stocks Set to Top Q4 Earnings

Optimism surrounding Donald Trump’s plans to spur economic growth through tax cuts and easier regulations prompted a rise in Treasury yields and a corresponding rise in mortgage rates ... the best chance to pull a surprise in their next earnings ... read more

Banks not in the downgrade club

NAB’s bad debts expense surprised on the downside at just 12 basis points of gross loans and CBA’s equivalent ratio remained low at 17 basis points – also a downside surprise ... mortgage borrowers will be so leveraged they default as rates rise ... read more

Existing home price sales start the year off strong

This week U.S. Department of Agriculture Risk Management ... According to Hale, the gains are a git of a surprise given that mortgage rates have been on the rise. “Home prices continue to rise — prices were up 7.1 percent in January — and the ... read more

Dollar slips as market awaits Fed minutes

Mortgage rates ... Institute showed a surprise drop in U.S. crude stocks last week. The Fed rarely delivers interest rate moves that are not largely priced in by money markets and Fed funds futures show the chances of a rise next month are still only ... read more
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