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Turmoil in the stock markets continues to shake things up on Wall Street, and the ripple effects are touching the lending industry as mortgage rates dip yet again for the fourth consecutive week.
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Fixed-rate mortgages continue their free fall, with the 30-year fixed rate mortgage averaging 3.63 percent this week and the 15-year fixed-rate mortgage staying below 3 percent, Freddie Mac reports. The 30-year fixed-rate mortgage is at its lowest level since the week ending May 23, 2013, when it averaged 3.59 percent.
Freddie Mac today released the results of its Primary Mortgage Market Survey , showing average fixed mortgage rates falling for the third consecutive week amid declining consumer confidence and.
Towards the end of 2016, following the presidential election, the mortgage industry saw a dramatic increase in rates. It appears that the rates might decrease in the new year, as they are down for the second week in a row for 2017. This is great news for the home buyers or homeowners looking to refinance, [.]
Mortgage. fourth week in a row – with rates for some loan types reaching their lowest levels since January 2018," said Joel Kan, MBA’s associate vice president of economic and industry forecasting..
NEW YORK (CNNMoney) — Buying a home got even cheaper this week as interest rates on the 30-year fixed-rate mortgage set a record low for the fourth week in a row. The 30-year fixed mortgage, the most popular mortgage product, dipped slightly to 3.78% from 3.79% last week, according to a weekly survey by Freddie Mac.
30-year fixed-rate mortgage (FRM) averaged 3.89 percent with an average 0.5 point for the week ending June 8, 2017, down from last week when it averaged 3.94 percent. A year ago at this time, the.
After a nine-week long run of increases, fixed mortgage rates have declined for the third week in a row, according to a USA Today report. According to Freddie Mac, the rate on 30-year fixed-rate.
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Mortgage rates rose for the 5th day in a row. their highest level in 3 weeks. You’d have to go back to January 25th to see worse. That said, "worse" is a relative term. Both then and now, a top.
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