Mortgage Rates Drop to 9-Month Lows

JPMorgan expects Fed to cut rates this year but that's not the consensus on Wall Street While the average rate for a 30-year mortgage was unchanged over the past week, holding near a two-year low of 3.82 percent, Freddie Mac’s latest Mortgage Market Survey was conducted prior to yesterday’s meeting of the Federal Reserve, after which the yield on the 10-year Treasury, which drives mortgage rates, dropped under 2 percent for […]

Mortgage Rates Hit Four-Year High The uptrend in mortgage rates continued for the ninth straight week during the week ended mar 8. According to Freddie Mac’s latest primary mortgage market survey, the 30-year rate rose 3 basis points.Mortgage Rates Wednesday, July 19: Applications Increase as Rates Continue to Fall Purchase Applications Up 1%, Refinance Apps Down 1% Patrick Barnard July 3, 2019 Leave a comment Mortgage application volume was flat during the week ended June 28, as a 1% increase in applications for refinances was basically offset by a 1% increase in applications for purchases, according to the Mortgage Bankers Association’s (MBA) Weekly.

"While the continued drop in mortgage rates has paused, homebuyer demand has not. This is evident in increased purchase activity and loan amounts, indicating that homebuyers still have the willingness.

Mortgage Rates Drop To A 16 Month Low – But For How Long? October 15, 2014 Shashank shekhar growing concerns about weak economic growth and Fed’s indication of delaying rate hikes, plummeted the mortgage rates to the lowest levels in 16 months.

Mortgage rates drop to 10-month low By Washington Post on Feb 7, 2019 at 11:05 a.m. Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy.

Mortgage rates have moved higher for the fourth week in a row, but don’t get the wrong idea. Rates are still pretty darn low, both historically speaking. mortgage applications fell 7.3% last week,

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A year ago, mortgage rates stood at 3.99 percent. Low mortgage rates have been helping propel U.S. home sales and the refinance market. "Mortgage rates fell to the lowest level in nine months, and in response, mortgage applications jumped more than 20 percent," said Sam Khater, Freddie Mac’s chief economist.

“Rates are now near the lows for 2019 that we reached in March. Given the drop in rates over the last few weeks, I don’t see them dropping further.” Meanwhile, mortgage applications slowed. According.

According to Zillow, rates are currently at a 16 month low. Mortgage rates for 30-year fixed mortgages fell this week, with the current rate borrowers were quoted on Zillow Mortgages at 3.81 percent, down from 3.96 percent at this same time last week.

U.S. mortgage rates declined again, falling to a nine-month low mark, according to Freddie Mac. The 30-year fixed mortgage averaged 4.45 percent for the week ending Jan. 10, down from 4.51 percent the previous week. A year ago, mortgage rates stood at 3.99 percent. Low mortgage rates have been helping propel U.S. home sales and the refinance market.