ADV: Mortgage Rates Drop to 6-month Low
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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.
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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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US mortgage applications fell 6.3 percent last week, the biggest decline in more than a month, as fewer people filed to buy a home or refinance.
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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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Investor's Business Daily - The Mortgage Bankers Association's application index fell 7.6% to 603.8 in the week ended Dec. 21, the lowest since Dec. '06, despite lower borrowing costs. Both home purchase and refi applications fell. Mortgage applications have been especially volatile in recent weeks. Fixed 30-year mortgage rates fell 8 basis points to 6.1%. One-year adjustable rates tumbled 46 basis points to a 1-month low of 6.03%.  U.S. commercial paper issuance grew by $1.2 bil in the week ended Dec. 26 to $1.785 tril, after a big decline in the previous week, the Fed said. But asset-backed paper fell by $15. ...
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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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U.S. mortgage applications dropped  more than 5 percent last week to their lowest level this year  even as interest rates fell, an industry trade group said on  Wednesday.
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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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By Bloomberg News. The number of mortgage applications declined last week as fewer people refinanced, a survey by a private group found.
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Investor's Business Daily - The average 30-year fixed mortgage fell 0.05 point 15 6.69% in the week of June 21, Freddie Mac said. It was 6.71% a year ago. The 15-year fixed rate fell to 6.37% from 6.43% last week. Rates fell due to concerns that the housing market will continue to hurt the economy following declines in housing starts and home builder optimism, said Freddie Mac chief economist Frank Nothaft.
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Long-term mortgage rates fell again this week to the lowest level in six months, Freddie Mac reported Thursday.
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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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WASHINGTON -- Pending sales of existing homes fell in July to the lowest level in nearly six years as the mortgage market's troubles made it tough for many borrowers to finalize home purchases.
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U.S. mortgage applications fell for   the first time in four weeks even as interest rates dropped to   a six-month low, an industry trade group said on Wednesday,   offering more evidence the country's housing market slump is   deepening.
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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.