Mortgage rates drop to lowest level since 2013

The MReport Webcast: Friday 10/17/2014 Long-term mortgage rates hit lowest level since May 2013. – On the back of "underwhelming" economic news, the average rate for the popular 30-year fixed-rate mortgage just dropped to 3.89%, the lowest reading since May 2013, according to a Thursday.

Mortgage applications to purchase a home led the volume lower, falling 5 percent for the week to the lowest level in two years. That is the highest rate since April 2010. "Rates increased slightly.

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This week mortgage applications decreased 0.6% compared to last week while all mortgage rates have decreased to their lowest level since June 2013. After four months of high mortgage rates, this week, according to Freddie Mac, all mortgage rates have decreased to the lowest level we have seen since.

This huge decrease has reached levels we haven’t seen since June 2013. 15-year fixed-rate mortgages also decreased a lot this week reaching 3.18% compared to 3.3% a week earlier. This is the lowest rate we’ve seen since June 2013. 5-year adjustable-rate mortgages decreased as well, from 3.05% last week to 2.92% this week. We haven’t seen a 5-year rate this low since June 2013.

MBS RECAP: Bonds Hold Steady Despite Big Ticket Events Courtesy of ZeroHedge.View original post here.. Submitted by Tyler Durden. Europe took August off. Today, it is America’s turn, as the country celebrates Labor day, although judging by recent trends in the new ‘Part-time" normal, a phenomenon we have been writing about for years, and which even the NYT has finally latched on to, it would appear the holiday should really be Labor Half-Day.

That’s down 11 basis points from the previous week. "mortgage rates fell last week, touching their lowest levels since mid-2013 before edging slightly higher on Monday," said Erin Lantz, vice president of mortgages at Zillow. "This week, markets will look toward Friday’s monthly jobs report and should move upward if the data exceeds expectations.".

Fixed Mortgage Rates Hit Lowest Level Since June 2013 By Rachel Stults | Oct 23, 2014 After dipping below 4% last week, fixed mortgage rates hit fresh lows for the year-and analysts predict more.

Mortgage Rates Drop to Lowest Level Since January 2018. Posted on June 10, 2019 June 5, 2019 by joseph sobin, real estate broker. Which should be good news for anyone in the housing market; an assumption that may be incorrect. Historically when interest rates are low housing prices rise as it is.

October 24th, 2013 – Mortgage rates drop to lowest level since June Rates on 30-year fixed-rate mortgages dropped to their lowest level since the end of June, amid speculation that the Fed would delay winding down its stimulus program.

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The number of mortgages. dropped to its lowest level for nearly five years, according to industry figures. UK finance said there were 36,115 seasonally-adjusted mortgage approvals in December, the.