Mortgage Rates Up on Economic Signs
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Mortgage rates around the country climbed this week as Wall Street investors responded to some encouraging signs that the economy is gaining traction.
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New applications for US home mortgages increased last week, as purchase activity rose amid lower mortgage rates, an industry group said on Wednesday.
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Sentiment towards sterling has improved since the release of data revealing that mortgage lending remains strong, raising the possibility that the Bank of England may still need to keep hiking interest rates.
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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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Applications for home mortgages jumped to their highest level in nearly four years as low interest rates led more homeowners to seek refinancing, according to data from an industry group on Wednesday.
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U.S. mortgage applications rose last week, with both new purchases and refinancings driven up by the lowest long-term home loan rates since early December, an industry trade group said on Wednesday.
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The Federal Reserve yesterday raised its key interest rate for the fifth time since June, signaling that it expects the economy to grow moderately and interest rates to rise gradually in the new year.
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The stock market rose for the week as upbeat economic news offset concerns about inflation and interest rates.
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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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U.S. mortgage applications rose last  week, with both new purchases and refinancings driven up by the  lowest long-term home loan rates since early December, an  industry trade group said on Wednesday.
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Federal Reserve policymakers today raised interest rates by another notch for the fifth consecutive time this year amid signs of a strengthening economy.
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Interest rates on U.S. 30-year and 15-year mortgages rose in the latest week as an improving economy stoked fears of inflation, mortgage finance company Freddie Mac said on Thursday.
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New applications for U.S. home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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OTTAWA - Interest rates are up and are likely going higher but don&#39;t lock in that variable-rate mortgage, experts advised Tuesday after the Bank of Canada raised interest rates a further quarter-point.
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Mortgage rates crept higher this week on news of good job growth in August, according to a survey conducted by mortgage buyer Freddie Mac.
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New applications for US home loans rose last week to their highest level in four months even though mortgage rates ticked upward from their recent lows, an industry group said on Wednesday.
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US mortgage applications climbed 12 percent last week as the lowest mortgage rates in four months prompted consumers to buy homes and refinance loans.