ADV: Mortgage Rates Drop to 6-month Low
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Interest rates on U.S. 30-year mortgages edged slightly lower in the latest week, continuing to offer an enticing rate to prospective home owners, mortgage finance company Freddie Mac said on Wednesday.
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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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Long-term mortgage rates tumbled to six-month lows this week amid concerns the economic expansion may be losing steam. Defying expectations earlier this year that it would now hover around 6.5 percent, the
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Thirty-year fixed-rate mortgages averaged 5.76 percent for the week ending November 11th, up from 5.70 percent last week. Mortgage rates are still low by historical standards, however, even with the increase.
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U.S. mortgage applications dropped  more than 5 percent last week to their lowest level this year  even as interest rates fell, an industry trade group said on  Wednesday.
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WASHINGTON - Interest rates on short-term Treasury bills fell in auction yesterday with six-month bills falling to the lowest level since late August.
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MORTGAGE lending fell again last month, a further sign that the housing bubble has burst. About Â£25.4bn was lent by banks and building societies last month, down 4% on August and the second monthly fall in
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Business & money: Housing market slows as mortgage approvals fall.
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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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Long-term U.S. mortgage rates fell this week to their lowest levels since January, according to a report released today, but the chief economist for government-backed mortgage company Freddie Mac said rates may soon be heading back up.
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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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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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Interest rates on U.S. 30- and 15-year mortgages fell this week to their lowest levels since early April as the housing market showed little sign of slowing despite the Federal Reserve's move to raise interest rates, mortgage finance company Freddie Mac said on Thursday.