ADV: Mortgage Rates Drop to 6-month Low
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MORTGAGE lending fell again last month, a further sign that the housing bubble has burst. About Â£25.4bn was lent by banks and building societies last month, down 4% on August and the second monthly fall in
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WASHINGTON - A near-record low for an index that forecasts near-term home sales suggests borrowers in expensive areas are struggling to finalize purchases amid mortgage market woes.
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Mortgage rates rose slightly this week, but 30-year fixed-rate mortgage averages this year were the second lowest in 32 years, according to Freddie Mac.
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Interest rates on U.S. 30- and  15-year mortgages fell this week to their lowest levels since  early April as the housing market showed little sign of slowing  despite the Federal Reserve's move to raise interest rates,  mortgage finance company Freddie Mac said on Thursday.
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Average interest rates for U.S. mortgages dropped for the fourth week in a row, to levels not seen since the beginning of the year, according to a survey released by finance company Freddie Mac  on Thursday.
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Rates on 30-year and 15-year mortgages dipped this week, a development that should help keep the housing market humming. Rates on 30-year, fixed-rate mortgages averaged 5.74 percent for the week ending Nov.
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Interest rates on US 30- and 15-year mortgages edged slightly lower in the week, mortgage finance company Freddie Mac said on Thursday.
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Rates on 30-year mortgages fell for a sixth consecutive week, providing home buyers with more relief from an earlier rise in rates.
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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Long-term mortgage rates tumbled to six-month lows this week amid concerns the economic expansion may be losing steam. Defying expectations earlier this year that it would now hover around 6.5 percent, the
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Mortgage rates edged lower as a weak employment report pointed to a softer economy, Freddie Mac reported Thursday.
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Mortgage rates increased this week for the first time in a month, while holding close to the lowest since early April, according to Freddie Mac.