Mortgage Rate Articles

Mortgage rates rise due to strong economic data

Home Prices Rise 1% From March's Lull – inman.com – Lower mortgage rates and a strong economy have also contributed to the rise. Courtesy of CoreLogic As a result, the buyer’s market many are anticipating might have a slower start than expected.

Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.

In general, mortgage rates increase 12.5 basis points (0.125%) for every 15 days you add to your rate lock, up to 90 days. Beyond 90 days, expect to pay higher rates and a non-refundable, upfront fee. This fee is why very few people execute rate locks for longer than 90 days.

What Makes mortgage interest rates change?. housing construction weakens and home sales typically become sluggish as mortgage rates rise.. A strong economy induces the Fed to raise rates to.

Freddie Mac’s (OTCQB: FMCC) Primary Mortgage Market Survey out Thursday reported that mortgage rates moderated after rising in April. Said Sam Khater, Freddie Mac’s chief economist, “Investors wary of.

Mortgage rates today, March 14, 2019, plus lock recommendations  · It’s hard not to be excited about mortgage rates. Rates are near 14-month lows according to mortgage agency Freddie Mac. Plus, this agency just cut its mortgage rate forecast for 2019 by nearly.

As of last week, the average interest on a 30-year mortgage was 4.21%, and in the next two weeks, it could rise to 4.5%, forecasts Matthew Pointon, a property economist for Capital Economics. By the end of 2018, look for mortgage rates as high as 5.5%, he wrote in a recent note to clients.

Mortgage Rates Fall After Weak Economic Data – Mortgage Rates Fall After Weak Economic Data. Today’s improvement (like most) would be seen in the form of slightly lower closing costs for the same old rates. There are still a few lenders on either side of that by an eighth (3.875% or 4.125%).

Exclusively for MBA Members who submit quarterly mbfrf data, this service allows you to compare your company’s performance to national averages. Metrics of your company data are displayed next to the aggregated data, using the same mortgage bankers performance Report format and calculations.

Mortgage rates today, February 6, 2019, plus lock recommendations Mortgage rates drop to 16-month low The interest rate for a 30-year, fixed-rate mortgage continued its decline last week, falling further below 4% last week and also falling to a 16-month low, according to a new report from Zillow (Z).Mortgage rates haven. of tequila today, as rates continued their relentless march upward. Since Friday, April 24th, we now lost 100 bps (or 1% of the loan size in additional cost) in 8 trading days.

Since then, strong economic data particularly on the job market, had only further boosted. mortgage rates will rise: Looking to buy a house?

Thursday-Stronger than expected GDP and jobless claims data reported. Factory Orders came in close to expectations. freddie mac reported average 30 year mortgage rate increased week over week to 4.46%, from 4.29%. Wednesday-U.S. economy added 185,000 jobs last month. This is was less than the 204,000 in October. New home sales also surged-October New Home Sales increased 25% to an annual rate of 444K, above the consensus of 425K.

Mortgage rates today, October 3, 2018, plus lock recommendations The recent stock-market sell-off provides an excellent example of this short-term volatility risk: From Oct. 3 to Dec. 24, 2018. rates went up, the value of a bond — if you were to sell it before.