Mortgage rates push higher
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Mortgage rates edged up slightly this week, putting an end to a two-week decline, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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U.S. mortgage applications rose last week, fueled by increased demand for home purchase loans even as interest rates hit their highest level in nearly a year, an industry group's data showed on Wednesday.
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Mortgage company raises financing using mortgages as collateral.
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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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Another rise in interest rates, the fifth this year, is likely to hit homeowners and property investors. The Reserve Bank today increased the Official Cash Rate (OCR) by a quarter of one per cent to 6.25 per cent.
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Mortgage rates around the country went up this week, with 30-year mortgages climbing to the highest level since early September. Freddie Mac, in its weekly survey released Thursday, reported that rates on
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TORONTO -- Canada&#39;s big banks raised long-term mortgage rates by more than one-tenth of a point yesterday, reflecting the higher cost of borrowing in the bond market.
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Treasury yields crept higher last week with continued signs of economic strengthening. An improving job market, rising consumer sentiment and booming home sales added to the reasons many traders expect the
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures indicate.
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Mortgage rates climbed for the second consecutive week on news that the economy may soon be improving, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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The Federal Reserve yesterday raised its key interest rate to the highest level in three years, suggesting more increases will follow as the economy gains strength.
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House price growth remains strong despite concerns about interest rate rises, Land Registry figures show.
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New applications for U.S. home loans rose last week as refinancing activity accelerated amid relatively flat 30-year mortgage rates, an industry group said on Wednesday.
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U.S. mortgage applications rose last  week, fueled by increased demand for home purchase loans even  as interest rates hit their highest level in nearly a year, an  industry group&#39;s data showed on Wednesday.
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Interest rates on short-term Treasury bills rose in auction yesterday to the highest levels since April.
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Mortgage rates around the country crept up this week, although 30-year mortgages still were below the 6 percent level for a fourth straight week, Freddie Mac reported Thursday.
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Investor's Business Daily - Despite mortgage rates hitting their highest level in almost a year, the Mortgage Bankers Association&#39;s mortgage activity index rose 1.1% to 626.2 in the week ended July 6, with applications for buying homes up 3.8%. Applications were 10.5% above year-ago levels. But the 4-week average fell 1.6% to 6.27 as homebuyers remain wary.