This week mortgage applications decreased 0.6% compared to last week while all mortgage rates have decreased to their lowest level since June 2013. After four months of high mortgage rates, this week, according to Freddie Mac, all mortgage rates have decreased to the lowest level we have seen since.
Long-term mortgage rates hit lowest level since May 2013. – On the back of "underwhelming" economic news, the average rate for the popular 30-year fixed-rate mortgage just dropped to 3.89%, the lowest reading since May 2013, according to a Thursday.
This huge decrease has reached levels we haven’t seen since June 2013. 15-year fixed-rate mortgages also decreased a lot this week reaching 3.18% compared to 3.3% a week earlier. This is the lowest rate we’ve seen since June 2013. 5-year adjustable-rate mortgages decreased as well, from 3.05% last week to 2.92% this week. We haven’t seen a 5-year rate this low since June 2013.
U.S. new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates. to a 1.27-million rate. Both.
The #1 shared article for mortgages over the last week is The Wall Street Journal’s post from october 15th: mortgage Rates Fall To Lowest Level Since June 2013. Mortgage rates hitting a 16-month low last week is causing a stir, at least in social media. Declining interest rates present another good opportunity to buy a home, or refinance a.
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Mortgage Rates Drift Down to One Month Lows When 30-year fixed mortgage rates are low, homeownership is cheaper and therefore generally more accessible, particularly for first-time buyers. In addition, many existing homeowners will refinance in order to lock in lower interest rates. At the same time, low mortgage rates.
· Home sales drop to lowest level in almost a year. That was the lowest annual rate since December 2012, and well below the median forecast in a Reuters poll of a 5.03 million unit pace.
That’s down 11 basis points from the previous week. "Mortgage rates fell last week, touching their lowest levels since mid-2013 before edging slightly higher on Monday," said Erin Lantz, vice president of mortgages at Zillow. "This week, markets will look toward Friday’s monthly jobs report and should move upward if the data exceeds expectations.".
Mortgage Rates Drop to Lowest Levels in 2 Weeks May 23 2018, 3:36PM This week hadn’t been too traumatic for mortgage rates through yesterday afternoon, but neither had it been positive in any.
June 27 (Reuters) – Interest rates on U.S. 30-year fixed-rate mortgages declined to their lowest levels since November 2016 as U.S. bond. economic data continues to dominate the news, the drop in.
See today’s mortgage rates Today’s Mortgage Rates and Refinance Rates. 15-Year Fixed-Rate Jumbo 4.375% 4.391% 7/1 ARM Jumbo 4.125% 4.649% rates, terms, and fees as of 8/24/2018 10:15 AM Eastern Daylight Time and subject to change without notice. Select a product to view important disclosures, payments, assumptions, and APR information. Please note we offer additional home loan options not displayed here.