Record Low Mortgage Rates Look to Fall Further
Mortgage rates, already at record lows, look to fall even more thanks to the Fed’s move to buy up more mortgage-backed securities and treasuries.
The 30-year fixed-rate mortgage averaged 4.98 percent for the week ending March 19, down from 5.03 percent a week earlier and 5.87 percent a year ago, according to mortgage financier Freddie Mac.
The 15-year fixed slipped to 4.61 percent from 4.64 percent a Read more
Home Loan Apps Rise Slightly as Mortgage Rates Look to Fall
Mortgage application volume rose a modest 1.5 percent on a seasonally adjusted basis for the week ending November 21, the MBA reported today.
On an unadjusted basis, the home loan application index actually fell one percent compared to the previous week and was down 21.9 percent compared to the same period a year ago.
Refinance applications slipped 2.1 percent, while purchase applications and FHA lending Read more