Current Mortgage Rates for Thursday, July 2, 2015

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As we head into the holiday weekend, mortgage interest rates seem to be staying fairly consistent, rising only.06% over last week. Said Sean Becketti, Chief Economist for Freddie Mac: “Overseas events are generating significant day-to-day volatility in interest rates. Nonetheless, the week-to-week impact on most rates was modest — the 30-year mortgage rate increased just […]

Mortgage Rates Roundup for June 13th, 2015

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Mortgage rates continued to rise this week, with the 30-year fixed rate reaching an eight-month high. “Mortgage rates rose above 4 percent for the first time since November 2014 as Treasury yields surged. Markets are responding to strong employment data. In May, the U.S. economy added 280,000 jobs. Moreover, job openings surged to 5.4 million in April, up […]

Mortgage Rates Roundup for June 6th, 2015

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After dipping down slightly last week, mortgage rates reverted back to their ascending ways this week. Len Kiefer, chief economist at Freddie Mac said “If the Wednesday surge of Treasury yields persists, the impact on mortgage rates is likely to result in a bout of affordability shock to many housing markets across the country.” Industry […]

Mortgage Rates on the Rise?

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According to data recently released by Zillow, 30 year fixed mortgage rates are currently around 3.73%. After rising to 3.83% over the course of last week, they dropped slightly at the start of this week. “Rates remained flat for most of last week but jumped sharply after Friday’s exceptionally strong jobs report, before easing back […]

With 30-year mortgage rates falling, is it time to refinance?

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In October, 30-year mortgage rates fell to levels last seen in June 2013. It all started in the week of October 16, when the bellwether rate hit 3.97 percent, according to Freddie Mac, down from the previous week’s 4.12 percent. The decline didn’t stop there. In the following week, the rate fell to a 3.92 […]

Rising Mortgage Rates: Three Things To Keep an Eye On

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Thanks to historically low mortgage interest rates, many have been able to live the American dream and purchase a home. Mid-September figures for the 30-year fix-rate mortgage had a national average of 4.28 percent but we all know good things come to an end. Just as 2015 comes around the corner, many real estate professionals and economists […]

Mortgage Rate News for Friday, November 21, 2014

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So guess what happened yesterday?  Not a whole lot.  Despite a slew of economic data that was on balance pretty decent, our markets held their ground, and mortgage rates ended the day virtually unchanged.  On the whole, mortgage rates improved a bit this week, with the average 30-year fixed-rate mortgage falling to 3.99% according to […]

Mortgage Rate News for Friday, November 14th, 2014

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Morning meetings have taken me away from my blogging activities the past couple days, and in the interim period, not a whole lot happened.  Mortgage rates got a little worse after Veteran’s Day, but have levelled off since that time.  Freddie Mac’s Primary Mortgage Market Survey found the average rate on a 30-year fixed-rate mortgage […]