Tag Archives: mortgage rates

13 Year Low For Mortgage Loans

Mortgage loans are running at its lowest level in more than a decade, and 2014 is on pace to be the weakest for new mortgages since 2000, according to newly released figures by the Federal Reserve Bank of New York.            … Continue reading

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Real Estate Predictions For 2015

Expect the home-purchase market to strengthen along with the economy in 2015, according to Freddie Mac’s U.S. Economic and Housing Market Outlook for November: Real Estate Predictions for 2105.    “The good news for 2015 is that the U.S. economy appears … Continue reading

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When Mortgage Rates Rise…..

Mortgage rates have hovered around yearly lows for weeks. But with rate-hike forecasts looming, can buyers count on borrowing costs to stay low?              Many economists are now predicting the average 30-year fixed-rate mortgage to reach 5 percent by the middle … Continue reading

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Mortgage Rates At A New Low

Despite predictions that mortgage rates were to inch up in the second half of this year, fixed-rate mortgages continue to tumble.                  Borrowing costs moved lower this week, as the 30-year fixed-rate mortgage dipped to a 4.10 percent average, Freddie Mac … Continue reading

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Mortgage Rates Still Lower

Mortgage rates have remained mostly steady in recent weeks, keeping borrowing costs near 2014 lows, Freddie Mac reports in its weekly mortgage market survey.  Freddie Mac reports the following national averages for mortgage rates for the week ending July 31: … Continue reading

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Low Mortgage Rates Not Good For Housing Recovery

Mortgage rates are near historic lows, which is great news for home owners and buyers. But the situation could prove to be a big thorn in the side of the recovery. More than one-third of homes with a mortgage have … Continue reading

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7 Month Low For Mortgage Rates

Fixed mortgage rates moved lower this week, reaching new lows for the year, Freddie Mac reports in its weekly mortgage market survey. It is the fourth consecutive week that mortgage rates have dropped. According to Freddie Mac, mortgage rates reached … Continue reading

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Jobs and Income Growth Key to Housing Recovery

Jobs and Income Growth Jobs and income growth are key “to turn in another gold-medal performance for the housing recovery” in 2014, says Frank Nothaft, Freddie Mac’s chief economist. “Rising home prices and interest rates along with little to no … Continue reading

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Why Mortgage Rates Are Not Higher

Mortgage Rates Economists have predicted that mortgage rates will rise in 2014, but so far, nothing’s happening. For the past month, mortgage rates have mostly stayed flat or moved lower, with the 30-year fixed-rate mortgage averaging just above 4.5 percent. … Continue reading

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Bidding Wars Are Slowing Down

Bidding Wars Are Slowing Down Bidding wars in recent months have fueled large gains in home values in some parts of the country, particularly states like California, Arizona, and Nevada. But bidding wars and the buying frenzy from a few … Continue reading

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