Mortgage Rates Eased This Week, But Borrowers Want Lower
Mortgage rates finally improved this week after inching up the past couple weeks, Freddie Mac reported today.
The 30-year fixed averaged 5.16 during the week ending February 12, down from 5.25 percent the prior week and 5.72 percent a year earlier.
“Interest rates for 30-year fixed-rate mortgages are almost 1.5 percentage points below 2008’s peak set on July 24, 2008, offering many homeowners Read more
Mortgage Applications Decrease Slightly Following Thanksgiving Week Surge
Last week, the number of Americans applying for mortgages dropped from the previous week, according to a report released today by the Mortgage Bankers Association (MBA).
The Index, which measures and compares mortgage loan application volume from week to week, showed that for the week ending December 5 mortgage activity decreased 7.1% from the previous week’s numbers. The number of refinance applications decreased 0.9 percent, Read more
Mortgage Rates See Third Straight Week of Declines
The good news is mortgage rates continue to fall, the bad news; the economy is in the gutter. Unfortunately, it’s just kind of the way that goes.
Interest rates on home loans fell for the third successive week as signs of a slowing economy continued to fester, according to the latest survey from mortgage financier Freddie Mac.
The traditional and now wildly-popular 30-year fixed-rate mortgage averaged Read more