Mortgage rates inch up after five-week decline

Mortgage applications increase on higher purchase volume Purchase mortgage application volume reached its highest level in almost nine years as homebuyers took advantage of what might be a fleeting window for lower interest rates. The Mortgage Bankers Association’s Weekly Mortgage Applications Survey for the week ending jan. 11 increased 13.5% from the previous week.

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Rates on home mortgages rise after five weeks of declines – U.S. 30-year mortgage rate up to 4.02%.. The five-week decline in long-term rates sparked a wave of homeowners looking to refinance mortgages at a bargain rate.

Mortgage applications rose during the week ending Nov. 23 as rates declined following several weeks of market volatility, according to the Mortgage Bankers Association’s (MBA) Weekly Mortgage.

Mortgage interest rates on 30-year fixed home loans hit an average of 4.25% in September, the lowest level since 1953, according to Freddie Mac, and are still hovering below 4.5%. Jumbo mortgage rates fell to 5.125% which is the lowest level for jumbo rates in years.

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The report noted some $18 B in federal spending was delayed by the five-week. mortgage rates were higher in October and November for consumers signing contracts in December." New home sales jumped.

Rates on 30-year mortgages declined this week after posting increases for six consecutive weeks. In its weekly survey, mortgage giant Freddie Mac reported Thursday that rates on 30-year, fixed-rate mortgages fell to 5.80 percent, down from last week’s 5.89 percent, which had been the highest level in four months.

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Mortgage rates bounced off YTD lows in the latest Freddie Mac weekly survey, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91%, up from last week’s 3.

There is also [talk] of positive momentum in the U.S.-China trade talks, which is another negative for the mortgage rates. Expect the mortgage rates to inch higher in the short term." Meanwhile, mortgage applications roared back after the holidays, according to the latest data from the Mortgage Bankers Association.

A blog keeping you up to date on current mortgage rates and market. Rates Inch Further Into long-term highs. mortgage rates hit their best levels since late 2017 yesterday and have generally.

30-year fixed-rate mortgage (FRM) averaged 3.91 percent with an average 0.5 point for the week ending June 15, 2017, up from last week when it averaged 3.89 percent. A year ago at this time, the.