Tag Archives: rates

Mortgage Applications Tumble as Rates Rise

Mortgage applications last week dropped 10 percent after rates soared to their highest level since March, the Mortgage Bankers Association reported in its weekly mortgage market survey...

Fed to Keep Rates Low, But for How Much Longer?

The Federal Reserve’s policy-making committee announced it will continue to hold down short-term interest rates, which in turn will help keep mortgage rates low. But there is...

Loan Applications Rise as Rates Reach Record Lows

More home owners and purchasers took advantage of locking in last week’s record low rates. Mortgage applications — which include both for refinancing and purchase — rose 2.8...

Low Mortgage Rates Spark Serial Refinancing

Mortgage rates have been hovering at record lows, causing more home owners to lock-in the low rates by refinancing their mortgages again … and again. Nearly 2.2 million home...

Mortgage Rates Inch Up After Record Streak

Following a 13-week record-low streak, 30-year fixed-rate mortgages—the most popular choice among home buyers—started moving back up this week, according to Freddie Mac’s weekly...

Mortgage Rates Continue Record-Breaking Streak

Record-reaching rates have practically become a weekly mainstay the last few weeks for 30-year and 15-year fixed-rate mortgages. For the past 16 weeks, the 30-year fixed-rate mortgage...

Record-Low Rates Send Loan Demand Soaring

Mortgage applications for home purchases and refinancings jumped 18 percent last week, reaching the highest volume since 2009, according to the Mortgage Bankers Association’s report...

Fed Renews Vow to Keep Interest Rates Low

The Fed voted this week to continue its near-zero interest rate policy for the next quarter and likely much longer. The move will keep mortgage rates low in the coming months, if not...

10 States With Highest Foreclosure Rates in February

A high number of foreclosures continue to beat down on several housing markets. For six years, Nevada has held the No. 1 spot for highest foreclosure rate in the country and still...

Housing Affordability Soars to Record High

Low mortgage rates and falling home values have brought housing within reach to more families than ever before, according to the latest National Association of REALTORS® housing...