ADV: Mortgage Rates Drop to 6-month Low
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MCLEAN, Va. - Mortgage rates have risen this week, but they remain at the low levels seen for most of this year. Mortgage company Freddie Mac says 30-year fixed-rate mortgages have gone from an average 5.75 percent last week up to 5.81.
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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.
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Investor's Business Daily - Average 30-year rates jumped 10 basis points to 6.73% from a week ago, reversing three weeks of mild declines, Freddie Mac said. That&#39;s near the year-ago rate of 6.74%. Average 15-year rates rose to 6.39% vs. 6.3%, while one-year ARMs rose to 6.45% from 6.29%. Higher rates may keep housing weak through the second half.
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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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WASHINGTON - Interest rates on short-term Treasury bills fell in auction yesterday with the rate on six-month bills dropping to the lowest level in a month.
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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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Investor's Business Daily - Average 30-year rates dipped to 6.67% from 6.69% from the week prior, Freddie Mac said, citing slower home sales. Average 15-year rates fell to 6.34% from 6.37%, while one-year ARMs fell to 5.65% from 6.37%. It&#39;s the second week of declines after a month of increases. Rates remain below year-ago levels.
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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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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.
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Investor's Business Daily - The Mortgage Bankers Assoc.&#39;s mortgage applications index rose 5.5% in the week ended Sept. 7 as interest rates fell to the lowest since May. Analysts said tighter lending standards may be prompting borrowers to file more than one application. The average 30-year fixed mortgage rate fell 0.17 point 15 6.25%. The refi share of applications increased 0.7 point 15 42.1%.
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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,  providing further evidence the country's housing market slump  is deepening.
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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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Business & money: Housing market slows as mortgage approvals fall.
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After a shallow, one-week dip, mortgage rates have risen to just about where they were two weeks ago. Rates are still low. The question is whether they are low enough to keep the housing market hot.
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Mortgage rates edged lower as a weak employment report pointed to a softer economy, Freddie Mac reported Thursday.