ADV: Mortgage Rates Drop to 6-month Low
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Investor's Business Daily - Despite rising interest rates, the Mortgage Bankers Association&#39;s seasonally adjusted index of application activity edged up 6.6% to 666.5 in the week ending June 8. Its index of purchase activity rose 7.2%, while refinancing activity climbed 5.6%. Analysts called it a scramble to head off rising borrowing costs. Mortgage rates are at their highest since mid-&#39;06.
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Investor's Business Daily - The average 30-year fixed rate fell to 6.31% vs. 6.46% the week prior, while average 15-year rates dipped to 5.97% from 6.31%. One-year ARMs fell to 5.66% from 5.74%, Freddie Mac said. The government-sponsored lender said the dip could &quot;give some relief&quot; to borrowers looking to refinance loans or buy a home.
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Business & money: Lowest August mortgage approvals since 2000.
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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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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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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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Mortgage rates around the country went up last week, although 30-year mortgages still were below 6 percent for a sixth straight week.
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WASHINGTON -- Mortgage rates around the country fell this week, with rates on 30-year mortgages dipping to the second lowest level of the year, pushed down by further signs of economic weakness.
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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 U.S. 30-year mortgages stayed under 6 percent for a third straight week, mortgage finance company Freddie Mac said on Thursday, remaining at their lowest averages since early April.
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Rates on 30-year and 15-year mortgages dipped this week, good news for prospective home buyers. Freddie Mac&#39;s weekly survey released Thursday showed that rates on 30-year, fixed-rate mortgages declined to
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Mortgage rates dropped this week amid a still struggling economy, according to surveys conducted by mortgage buyer Freddie Mac and Bankrate.
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The number of new mortgages granted to home buyers fell to 62,000 in December, mortgage lenders say.
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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.
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Bye-bye, PMI. So long, souped-up interest. Time to streamline your mortgage budget.
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Rates on 30-year and 15-year mortgages dipped this week. Rates on 30-year, fixed-rate mortgages averaged 5.74 percent, mortgage giant Freddie Mac said in its weekly survey released Thursday.