Fixed Mortgage Rates Drop To 2014 Low
The average rate for a conforming 30-year mortgage ticked down from 4.29 to 4.21 percent over the past week, the lowest rate in six months and 37 basis points below…
Mortgage Activity Drops Despite Move Into Spring Buying Season
At a time of the year when mortgage application volume should be picking up, the Mortgage Bankers Association‘s Purchase Index, a measure of mortgage loan application volume for home purchases…
Mortgage Rates Drop To Six-Week Low
The average rate for a conforming 30-year mortgage ticked down from 4.34 to 4.27 percent over the past week to a six-week low, 31 basis points below the three-year high…
Mortgage Rates Tick Down, Demand Remains Down As Well
The average rate for a conforming 30-year mortgage ticked down from 4.41 to 4.34 percent over the past week and is 24 basis points below the three-year high rate of…
Mortgage Rates Move Up As Expected
As expected, the average rate for a conforming 30-year mortgage ticked up from 4.32 to 4.40 percent over the past week. The current 30-year rate is within 18 basis points…
Fixed Mortgage Rates Tick Up, Jumbos Remain Relatively Cheap
The average rate for a conforming 30-year mortgage ticked up from 4.33 to 4.37 percent over the past week and is within 21 basis points of the 33-month high rate…
It’s Cheaper To Borrow More, Not Less, This Week
Having ticked down to 4.29 percent at the beginning of July, last week the average rate for a 30-year fixed mortgage ticked up to 4.51 percent for conforming loans on…
Mortgage Rates Drop, but Set to Start Ticking up This Year?
According to Freddie Mac’s latest Primary Mortgage Market Survey, 30-year fixed-rate mortgage rates averaged 3.34 percent (with 0.7 points) last week versus 3.91 percent a year ago, down from 3.35…
Loan Limits Set To Fall From $729,750 To $625,000 In San Francisco
As we reported two weeks ago: While industry groups furiously lobby, it’s now t-minus two weeks until the super/jumbo conforming loan limits that provide for federally backed mortgages up to…
Details And Limits On The Fed’s Foreclosure Plan Begin To Emerge
“Only about 50 percent to 60 percent of securitized prime jumbo or Alt-A loans meet the loan-modification standards requiring borrowers to live in mortgaged properties and owe no more than…