ADV: Mortgage Rates Drop to 6-month Low
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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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Business & money: The number of new mortgage approvals fell to its lowest level in over two years in September.
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US long-term mortgage rates dropped this week to their lowest levels seen in six months, Freddie Mac reported Thursday in its weekly nationwide survey.
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Rates on 30-year and 15-year mortgages dipped this week, good news for prospective home buyers. Freddie Mac&#39;s weekly survey released Thursday showed that rates on 30-year, fixed-rate mortgages declined to
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Rates on 30-year, fixed-rate mortgages in the United States averaged 5.72 percent this week, down slightly from 5.74 percent last week, Freddie Mac reported Wednesday.
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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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Applications for US home loans fell 6.3 percent last week after a brief bounce in early August spurred by a drop in mortgage rates, an industry group said on Wednesday.
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The number of new mortgages granted to home buyers fell to 62,000 in December, mortgage lenders say.
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Investor's Business Daily - The slump began this month and will last another 4 to 5 months, Bill Gross, chief investment officer at Pimco, told the Financial Times. He said gov't efforts to freeze mortgage rates to stem rising foreclosures didn't go far enough. "What needs to be done is something fairly radical compared to Republican orthodoxy, which means spend money and absorb the deficit as opposed to pretending that you're fiscally conservative," he said.
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Investor's Business Daily - The Mortgage Bankers Association said its mortgage applications index fell 3.8% in the June 22 week to the lowest level in 4 months. Applications are still 16.8% above the year-ago level. Mortgage rates held near recent highs. Refinance applications slid 2.5% to its lowest level of the year. Applications for buying a home fell 4.9%, but only to a 4-week low.
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WASHINGTON, Aug. 19 (Xinhuanet) -- The average interest rate of 30-year mortgages in the United States declined to the lowest level in four months this week, US mortgage giant Freddie Mac reported on Thursday.
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Mortgage rates around the country went up this week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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Mortgage rates around the country went up last week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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Demand for new home loans and refinancings jump as interest rates slide amid weak economic reports. NEW YORK  - New applications for US home loans rose last week while refinancings surged, as 30-year mortgage interest rates fell to their lowest ...