Mortgage rates moved up marginally last week but remain at their lowest point in a year. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.49%, up from the week prior’s 6.47%. A year ago at this time, the 30-year FRM averaged 7.09%. The 15-year also rose to 5.66% from 5.63%. A…
Mortgage applications soared last week as weakening rates encouraged an explosion of refinances, plus slightly better purchase activity. The Mortgage Bankers Association’s weekly survey shows that the adjusted Market Composite Index — a measure of mortgage loan application volume — jumped by 16.8%, adding to a 6.9% increase the week prior. Adjusted purchase applications rose…
Mortgage rates dipped to their lowest level since early this year as analysts firm up their opinions on a September rate cut from the Central Bank. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.73%, down from the week prior’s 6.78%. A year ago at this time, the 30-year FRM averaged…
Mortgage rates ticked up just slightly last week, staying essentially the same after a weeks-long slide. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.78%, up 1 bps from the week prior’s 6.77%. A year ago at this time, the 30-year FRM averaged 6.81%. The 15-year also rose to 6.07% from…
Mortgage rates fell further last week but buyers are waiting to see how far they’ll go before jumping into the market. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.77%, down 12 bps from the week prior’s 6.89%. A year ago at this time, the 30-year FRM averaged 6.78%. This is…
Mortgage rates fell last week as positive inflation data has Wall Street reevaluating their predictions for rate cuts. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.89%, down from the week prior’s 6.95%. A year ago at this time, the 30-year FRM averaged 6.96%. The 15-year was down to 6.17% from…
Mortgage rates inched down last week, reaching their lowest level in nearly three months. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.86%, down slightly from the week prior’s 6.87%. A year ago at this time, the 30-year FRM averaged 6.71%. The 15-year, however, rose to 6.16% from 6.13%. A year…
Mortgage rates fell further last week as the market responded to positive inflation indicators. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.87%, down from the week prior’s 6.95%. A year ago at this time, the 30-year FRM averaged 6.67%. The 15-year also fell to 6.13% from 6.17%. A year ago…
Mortgage rates fell further last week but remain near 7%, putting pressure on affordability. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.95%, down from the week prior’s 6.99%. A year ago at this time, the 30-year FRM averaged 6.69%. The 15-year also fell to 6.17% from 6.29%. A year ago…
Homebuyers saw some relief last week as rates fell back below 7%. Officials at Freddie Mac reported Thursday that the 30-year fixed-rate mortgage averaged 6.99%, down from the week prior’s 7.03%. A year ago at this time, the 30-year FRM averaged 6.71%. The 15-year also fell to 6.29% from 6.36%. A year ago at this…
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