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 [...]
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, [...]
Fewer applicants sought mortgages last week, with the volume of applications down a seasonally adjusted 1.5% compared with the last week of July, the Mortgage Bankers Association reported on Wednesday.
WASHINGTON — Freddie Mac said Thursday the 30-year fixed-rate home-mortgage rate average was unchanged from a week ago as mortgage applications slowed to a five-year low.
The rate was 6.52% for the week ended Aug. 7, compared with the year-earlier 6.59%.
“The housing market is continuing to act as a drag on the economy,” said Frank Nothaft, [...]
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. [...]
Applications filed for mortgages fell a seasonally adjusted 14.1% last week, as applicants shrugged off lower interest rates on fixed-rate loans, the Mortgage Bankers Association reported on Wednesday.
Compared against the same week in 2007, applications dropped an unadjusted 30.3%, according to the Washington-based MBA’s latest survey. It covers about half of all U.S. retail residential [...]
The highest 30-year mortgage rates in a year eroded demand for U.S. home loan applications last week, according to an industry trade group on Wednesday.
The Mortgage Bankers Association’s seasonally adjusted application index dropped 6.2% in the week ending July 18 to 489.6, with a 6.59% 30-year mortgage rate depressing applications for purchases and refinancing.
Average [...]
With rising energy prices, falling nonfarm payrolls, a plunge in consumer confidence, and a host of other negative indicators, economists have plenty to worry about. Their biggest concern, however, continues to be the housing market. Yet there is finally a little hope that the worst may be over.
According to the S&P/Case-Shiller indices, housing prices are [...]