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Investor's Business Daily - The 30-year fixed mortgage rate averaged 6.53% in the week ended June 7, up from 6.42% last week and the highest since Aug., Freddie Mac said. It was at 6.62% last year. The 15-year fixed rate rose 0.1 point 15 6.22%. &quot;Mortgage rates climbed this week owing to market concerns of a tight labor force and wage growth,&quot; said Frank Nothaft, Freddie Mac vice president and chief economist. He said housing probably won&#39;t recover before year-end.
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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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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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Interest rates on US 30-year and 15-year mortgages edged higher this week amid signs the economy is improving, stoking inflation concerns, mortgage finance company Freddie Mac said on Thursday.
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Investor's Business Daily - The Mortgage Bankers Association&#39;s applications index rose a seasonally adjusted 1.3% to 622.9 in the week ended Aug. 31, but multiple applications and refilings caused by recent credit problems may have played a role. Activity could slow on higher interest rates. The MBA said a dearth of demand for short-term loans sent 1-year ARM rates to 6.52%, near week-ago levels but well above longer-term rates. Average 30-year mortgages edged up to 6.42% from 6.41%. ARMs made up just 12.6% of applications in the week, down from more than 30% just a few weeks ago.
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Thank you, UDOT, for the recent decision regarding the Mountain View Corridor in Lehi. I agree. The 2100 North option is the best. It definitely makes the most sense when it comes to cost, homes and business affected and the environment.
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There are two homes for sale in my neighborhood. One has curb appeal, the other does not. Both are the same four-bedroom model.
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30-year fixed home loans remain appealing, but variable rates have been on the move up. By Sandra Block. If you&#39;re hoping an adjustable-rate mortgage will help you afford your dream house, you may want to rethink those granite countertops.