Home / Tag Archives: Bankrate (page 13)

Tag Archives: Bankrate

Industry’s Mortgage Rate Reports Show Mixed Results

Freddie Mac's report on mortgage interest rates this week says long-term 30-year rates rose slightly, while 15-year rates eased and short-term adjustable-rate mortgages set new lows. A separate study from Bankrate claims mortgage interest rates dropped across the board to record lows. On Wednesday, the Federal Reserve announced another injection of $600 billion into the nation's sluggish economy, but it remains to be seen if this is enough to push Treasury yields and mortgage rates lower, and if so, by how much.

Read More »

Long-Term Mortgage Interest Rates Edge Higher

Mortgage rates are still incredibly low by historical standards. They've been fluctuating around record lows not seen in more than a half-century for a good many months now. This week was one where that movement was upward, according to industry data released Thursday. A nationwide survey conducted by Freddie Mac found that 30-year fixed-rate mortgages rose to 4.23 percent, while 15-year rates edged up to 3.66 percent. Bankrate reports that the larger jumbo 30-year fixed rate reversed last week's decline, returning to 5.10 percent.

Read More »

Mortgage Rates Head Upward for First Time in Five Weeks

The freefall for mortgage interest rates hit a pause this week. Rates on 30-year mortgages rose for the first time in five weeks, edging up to 4.21 percent, according to data released by Freddie Mac Thursday. The 15-year fixed-rate mortgage also inched up to 3.64 percent. Adjustable-rate mortgages, on the other hand, slipped to new record lows. Bankrate says the ongoing foreclosure controversy surrounding court documents and paperwork errors could ultimately be passed along to future borrowers through higher mortgage rates.

Read More »

Mortgage Rates Continue Descent, Hitting New Record Lows

Mortgage interest rates dropped again this week, setting new record-lows across the board. Analysts say we have bond investors to thank for the continuing declines. Investors are expecting the Fed to begin pumping more money into the economy to reinvigorate the now lukewarm recovery, so there's been a rush to buy up mass amounts of government- and mortgage-backed debt. This, in turn, has served to drive mortgage rates lower - now at their lowest point in more than a half-century.

Read More »

Mortgage Rates Fall to New Lows…Again

How low can we go? When it comes to mortgage rates, the floor keeps dropping. Industry reports released Thursday show that interest rates for home loans - already at their lowest marks in more than a half-century - dropped again this week. Market analysis conducted by Freddie Mac puts the 30-year fixed rate at 4.32 percent and the 15-year rate at 3.75 percent. Bankrate says rates for the larger jumbo 30-year fixed mortgage also inched lower to 5.16 percent.

Read More »

Mortgage Rates Still Hovering Near Record-Lows

The weekly reports on mortgage interest rates were mixed this week - but figures are still lingering close to record-lows, improving affordability for both homebuyers and borrowers looking to refinance. Freddie Mac reported Thursday that both the 30-year fixed-rate mortgage rate and the 15-year fixed-rate were unchanged from last week, while shorter-term rates were mixed. Bankrate said mortgage rates across the board dropped to new record lows it its study.

Read More »

Industry Reports Show Mixed Results for Mortgage Rates

Two closely-watched industry studies that track weekly mortgage interest rates were sending mixed signals on Thursday. The good news for homebuyers and borrowers looking to refinance is that rates are still hovering near 50-year lows. Freddie Mac reported that the 30-year rate edged up to 4.37 percent this week, while the 15-year rate dropped to 3.82 percent. Bankrate reported declines across the board.

Read More »

Mortgage Rates Edge Up, Breaking 12-Week Descent to Record-Lows

Long-term mortgage rates inched up this week, breaking a buyer-friendly trend of successively falling to record-lows week after week for the past three months. The question now is, will the threat of rising interest rates push prospective homebuyers to take a leap? Freddie Mac reported Thursday that 30-year fixed-rate mortgages rose to 4.35 percent this week. Fifteen-year mortgages, on the other hand, came in again at last week's record low of 3.83 percent. Bankrate, however, reported a jump in mortgage rates across the board.

Read More »

Mortgage Rates…How Low Can You Go?

There seems to be no bottom in sight for mortgage rates. Already at their lowest level in a half-century, they dropped to new record lows again this week. Analysts say we have the weak economy to thank, but that same trigger is also thwarting what would be the ideal upshot - enticing would-be buyers to put a dent in the ballooned housing supply. Freddie Mac reports 30-year mortgages are now averaging 4.32 percent; 15-year rates have dropped to 3.83 percent. Bankrate says the larger jumbo 30-year fixed rate fell to a new low of 5.17 percent.

Read More »

Mortgage Rates…The Descent Continues

Mortgage interest rates are already at their lowest level in decades, and this week, they headed even lower. The descent was prompted largely by fears that another housing downturn could hamper the economic recovery, after July's home sales took a deeper plunge than expected. Freddie Mac reports that 30-year fixed-rate mortgages are now averaging 4.36 percent, and 15-year mortgages are at 3.86 percent. Bankrate says the larger jumbo 30-year fixed rate also slipped to a new record low of 5.22 percent.

Read More »