One year ago, the rate on the 15-year fixed note averaged 5.76%. SELLING YOUR HOUSE? HERE'S THE BEST TIME TO DO IT "As rates trend higher, potential homebuyers are deciding whether to buy before rates rise even more or hold off in hopes of decreases later in the year," said Sam ...
The company said it saw a 47% increase in homeowners locking in a rate as compared to the same period a year ago. “Even over the weekend, our loan-application volume increased by 20% beyond our expectations, indicating much higher demand than anticipat...
Mortgage rates rise, but still lower than a year agoJeannine Aversa
The median mortgage payment jumped to a record $2,843 in April, up nearly 13% from a year ago, a new analysis finds. Apr 25 2023 was brutal for homebuyers. Here's what to expect in 2024. Mortgage rates recently hit their highest levels in more than two decades, pricing many out...
16, 2023 (GLOBE NEWSWIRE) -- Freddie Mac (OTCQB: FMCC) today released the results of its Primary Mortgage Market Survey® (PMMS®), showing the 30-year fixed-rate mortgage (FRM) averaged 7.44 percent. “For the third straight week, mortgage rates trended down, as new data indicates ...
What the MBA said:“With rates almost a full percentage point lower than a year ago, refinance applications continue to run much higher than last year’s pace. However, there is still somewhat limited refinance potential as many borrowers still have sub-5% rates...
The rate on a 15-year mortgage now averages 3.83%, up from 3.63% last week and 2.45% a year ago, according to Freddie Mac. The Mortgage Bankers Association pegs the average rate on a conventional home loan at an even stiffer 4.8%. Mortgage rates haven't risen this quickly since ...
Rates on 15-year mortgages have fallen to an average 3.53% this week, from 3.57% last week, Freddie Mac says. One year ago, rates on those shorter-term home loans were averaging 4.08%. Meanwhile, 5/1 adjustable-rate mortgages — with rates that hold steady for five years and then can...
While China has reduced benchmark rates and pushed the average mortgage cost to a record low, most Chinese households didn’t benefit as banks won’t reprice existing loans until the beginning of next year. Agricultural Bank of China, one of China’s largest lenders, will formulate detailed ...
The rate for 5-year adjustable-rate mortgages was up 8 basis points from the previous week, to 6.2%. The big picture:Mortgage rates remain volatile ahead of two major events happening next week: the presidential election and the Fed meeting. ...