Articles Recently Tagged: Mortgages

(46 posts)

Loan Application Volumes Drop While Inventories Continue To Rise

Mortgage loan application volume for home purchases across the country fell 6 percent over the past week and loan activity is running 15 percent lower on a year-over-year basis. At the same time, the inventory level of homes for sale across the country is running 14.2 percent higher, year-over-year,... Read More »

Mortgage Rates Tick Up For Second Week In A Row

The average rate for a conforming 30-year mortgage ticked back up to 4.20 percent over the past week and is within 38 basis points of the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed... Read More »

Fixed Mortgage Rates Hit Seven Month Low, Likely Headed Up

Fixed Mortgage Rates Hit Seven Month Low, Likely Headed Up

The average rate for a conforming 30-year mortgage ticked down from 4.20 to 4.14 percent over the past week, the lowest rate in seven months and 44 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average... Read More »

The Fed Sees Signs Of Easier Mortgages Ahead

While mortgage credit conditions in the U.S. remain “generally tight,” and applications for purchase mortgages remain “tepid,” according to the Fed, signs of easing continue to emerge, including indications of “a net easing of banks’ credit standards for home-purchase loans to prime customers in the first quarter.” The Fed’s... Read More »

Mortgage Rate Forecast For 2014

With the Federal Reserve continuing to taper stimulus spending despite a housing recovery that’s “struggling to shift into a higher gear,” Freddie Mac is forecasting  the average rate for 30-year fixed mortgages will begin rising in the second half of 2014 and end the year at “around 4.6 percent.”... Read More »

Discount For Going Big With A Jumbo Loan Has Disappeared

Having dropped to a six-month low last week, the average rate for a conforming 30-year mortgage has ticked down one more basis point to 4.20 percent, 38 basis points below the three-year high rate of 4.58 percent recorded this past August. At the same time, Wells Fargo is now... Read More »

Fixed Mortgage Rates Drop To 2014 Low

Fixed Mortgage Rates Drop To 2014 Low

The average rate for a conforming 30-year mortgage ticked down from 4.29 to 4.21 percent over the past week, the lowest rate in six months and 37 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average... Read More »

Mortgage Activity Drops Despite Move Into Spring Buying Season

At a time of the year when mortgage application volume should be picking up, the Mortgage Bankers Association‘s Purchase Index, a measure of mortgage loan application volume for home purchases across the country, fell 4 percent over the past week and is running 21 percent lower on a year-over-year... Read More »

Mortgage Rates Drop To Six-Week Low

Mortgage Rates Drop To Six-Week Low

The average rate for a conforming 30-year mortgage ticked down from 4.34 to 4.27 percent over the past week to a six-week low, 31 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a... Read More »

Mortgage Rates Tick Down, Demand Remains Down As Well

The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of 4.58 percent recorded this past August. Having averaged 6.67 percent since 1990, the average rate for a 30-year fixed... Read More »