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MCLEAN, Va. - Mortgage rates have risen this week, but they remain at the low levels seen for most of this year. Mortgage company Freddie Mac says 30-year fixed-rate mortgages have gone from an average 5.75 percent last week up to 5.81.
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Investor's Business Daily - The Mortgage Bankers Association&#39;s applications index rose a seasonally adjusted 1.3% to 622.9 in the week ended Aug. 31, but multiple applications and refilings caused by recent credit problems may have played a role. Activity could slow on higher interest rates. The MBA said a dearth of demand for short-term loans sent 1-year ARM rates to 6.52%, near week-ago levels but well above longer-term rates. Average 30-year mortgages edged up to 6.42% from 6.41%. ARMs made up just 12.6% of applications in the week, down from more than 30% just a few weeks ago.
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Mortgage rates rose about one-tenth of a point this week, Freddie Mac said Thursday. The 30-year fixed-rate mortgage (FRM) averaged 5.82 percent this week, with an average 0.6 points, up from last week when it averaged 5.72 percent.
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Indice calcolato dalla Mortgage Bankers e' a quota 622,9
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The Mortgage Bankers Association reported today that mortgage holders starting the foreclosure process in the April-June quarter reached 0.65 percent.
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Investor's Business Daily - Applications rose 2.4% in the week ended Sept. 14, the 3rd straight gain, the Mortgage Bankers Association said. Applications to refinance rose 4.6% as borrowers sought to prevent rate resets from boosting their monthly payments. Home purchase applications rose 0.9%. Fixed 30-year mortgage rates rose 4 basis points to 6.29%. The 1-year adjustable rate rose to 6.39% from 6.34%.
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Investor's Business Daily - The Mortgage Bankers Association&#39;s mortgage application index fell 3.4% to 643.7 in the week ended June 15, but was still up 13.2% compared with the same week last year. The purchase index slid 3% to 450.9 while the refinancing index fell 4.2% to 1,776.8.
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Investor's Business Daily - Average 30-year rates jumped 10 basis points to 6.73% from a week ago, reversing three weeks of mild declines, Freddie Mac said. That&#39;s near the year-ago rate of 6.74%. Average 15-year rates rose to 6.39% vs. 6.3%, while one-year ARMs rose to 6.45% from 6.29%. Higher rates may keep housing weak through the second half.
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Investor's Business Daily - Average 30-year rates fell to 6.14% from 6.18% in the prior week. The 15-year rate averaged 5.86% vs. 5.92%, while 1-year ARMs fell to 5.47% from 5.49%. Rates are at their lowest levels so far this year, Freddie Mac said, citing worries over last week's sell-off in stocks and concerns over the slowing U.S. economy.
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Mortgage rates reversed a two-week climb this week, according to Freddie Mac&#39;s weekly mortgage survey. Freddie Mac reported that the 30-year fixed-rate mortgage averaged 5.74 percent for the week ended today
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WASHINGTON -- Rates on 30-year and 15-year mortgages fell this week to the lowest levels seen in six months, good news for people wanting to buy a home or refinance.