By Gregory Arzumanov
WASHINGTON - Dec. 1, 2008 - Rates on 30-year mortgages sank for a fourth straight week, falling below 6 percent for the first time since early October, and are heading lower due to the government’s massive new effort to aid the U.S. housing market.
Further drops are likely, analysts said, reflecting the market’s positive [...]
WASHINGTON - Oct. 24, 2008 - Rates on 30-year U.S. mortgages dropped sharply this week, falling to the lowest level in five weeks.
Mortgage giant Freddie Mac reported Thursday that 30-year, fixed-rate mortgages averaged 6.04 percent this week, down from 6.46 percent last week. The sharp decline pushed 30-year rates down to the lowest level since [...]
Rates on 30-year mortgages have risen for a second straight week, climbing to the highest level in a month.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages averaged 6.10 percent this week, up slightly from 6.09 percent last week. It was the highest level since 30-year mortgages averaged 6.35 percent for the week [...]
Rates on 30-year mortgages dropped sharply again this week, falling to the lowest level in seven months.
On Thursday, Freddie Mac’s nationwide survey found that 30-year, fixed-rate mortgages had declined to 5.78 percent from 5.93 percent the previous week.
It was the fifth consecutive weekly decline and dropped the 30-year mortgage rate to the lowest level since [...]
WASHINGTON — Home mortgage rates moved lower this week after indications that consumer spending could slow, Freddie Mac’s chief economist said.
The 30-year fixed-rate mortgage averaged 6.35% in the week ended Sept. 4, down from 6.40% last week and 6.46% a year ago, according to Freddie Mac’s weekly survey. Fifteen-year fixed-rate mortgages averaged 5.90% this week, [...]
The Mortgage Bankers Assocation said Wednesday that its composite index of loan applications rose slightly in the week ended Aug. 22, as interest rates slipped.
The composite index rose a seasonally adjusted 0.5%, the MBA said, as the refinance index increased 0.3% from the previous week and the purchase index increased 0.6%.
The refinance share of mortgage [...]
Rates on 30-year mortgages fell slightly this week to the lowest level since mid-July.
Freddie Mac, the mortgage company, reported Thursday that 30-year, fixed-rate mortgages dipped to 6.47 percent this week, down from 6.52 percent, which had been the rate for the previous three weeks. The new rate was the lowest since the week of July [...]
Mortgage rates fell last week, yet that didn’t inspire more borrowers to apply for a mortgage, according to the Mortgage Bankers Association’s latest survey, released on Wednesday.
Application volume fell a seasonally adjusted 1.5% for the week ended Aug. 15, compared with the previous week. Volume was down 34.2% compared with the same week in 2007, [...]
The volume of mortgage applications filed last week rose slightly, increasing a seasonally adjusted 2.8% compared with the week before, the Mortgage Bankers Association reported on Wednesday.
Applications dropped 33.7% for the week ended Aug. 1, compared with the same week in 2007, the Washington-based MBA said. The MBA’s survey covers about half of all U.S. [...]
WASHINGTON - July 18, 2008 - Mortgage rates fell this week with 30-year mortgage rates dropping to the lowest level in six weeks as investors became less worried that the Federal Reserve would soon tighten credit policy to stall inflation.
Freddie Mac, the mortgage company, reported Thursday that 30-year fixed-rate mortgages averaged 6.26 percent this week.
That [...]