Global woes send mortgage rates skidding lower

With that as the macroeconomic backdrop, we expect that rates are going to start heading upwards. He expects the 30-year fixed mortgage rate to end the year at around 5.5%. Of course, if there is a double-dip in the economy or housing market, then rates could stay very low, or even decline further.

The recent trend of rising mortgage rates has prompted some potential homebuyers to lock in an interest rate before they rise any higher. Many potential buyers are realizing that locking in now on a lower interest rate will save them more money in the long run, rather than waiting to buy a home until sale prices drop further.

This was followed by a plunge of ReFi applications to 10 year lows, thanks to the Fed’s recent rate hikes and the subsequent spike in mortgage rates. However, these economic data dumps did nothing other than to push the broad markets higher and to also send SmallCaps (Russell 2000) to a record high.

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Troops Use Skype to Watch their Children’s Births Rates on everything from home and car loans to credit cards are either unchanged or, in many cases, lower than they were when. chief U.S. economist.

The 10-year Treasury note yield TMUBMUSD10Y, +0.06% fell 2.2 basis points to 2.926%, trimming its weeklong decline to 1.1 basis points. While, the 30-year bond yield TMUBMUSD30Y, -0.18% shed 2.1 basis points to 3.048%, adding to a weeklong decline of 3.3 basis points.

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Mortgage Home Loan MYTHS 2019 | Top 5 Mortgage Myths When Buying a Home Is it time for Canadian business to batten down the hatches. global investors to trade in their greenbacks for another currency, which would send the U.S. dollar into a tailspin. It’s important to.

The subprime mortgage meltdown led to a crisis in lending and. Association of Realtors that showed homeowner sales fell 2.6% to a lower-than-expected 4.86 million annual rate in June. The economy.

Driven by low mortgage rates. lower, with Germany’s DAX Xetra falling 1.4 percent and London’s FTSE 100 slipping 0.8 percent in recent trading. In Asia, Tokyo’s Nikkei snapped a nine-session losing.

On Wednesday, the government reported that new home sales sank a whopping 16.9% from January. The seasonally adjusted annualized rate of 250,000 was the lowest on record and 28% below the February 2010 estimate, the Commerce Department said. Demand for housing remains weak with unemployment still high, according to real estate agents and economists.