US mortgage rate drop could cause spike in home sales. Last week, the average rate on a 30-year fixed-rate mortgage was 3.9 percent, the Wall Street Journal reported, citing data released by Freddie Mac. It’s the first time rates have dropped below 4 percent since November. A week earlier, the rate was 4.08 percent and in mid-March it was 4.3 percent, according to the Journal.
Data released this week show that existing-home sales in the U.S., as tracked by the National Association of Realtors, appear to have stabilized after trending down this year, economists said.
Spike in mortgage rates sends chill through metro Detroit home sales A spike in mortgage rates has driven some potential home buyers out of the market. But experts say the housing is slowing down..
However, there are signs of that growth is starting to slow. sales and mortgage applications for house purchases. In fact,
Rising interest rates are cooling mortgage loan activity in Southwest Florida and around the country.New mortgage loan originations dropped by 15 percent in the Sarasota-Manatee region during the.
Their responses, summed up in the 2019 real estate forecast below, could help you make more educated choices when it comes to buying and financing a home in the coming year. The good news is that.
Last month, FedEx Corporation (NYSE: FDX) warned that a slowing. interest rates are still among the strongest around,
The inaugural Residential Mortgage Industry Report says that recent mortgage regulations, rising interest rates, and softening home sales were factors in a slowing mortgage market. efforts are.
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WASHINGTON — Sales of new. prices in check even as mortgage rates fall. The S&P CoreLogic Case-Shiller 20-city home price index rose 2.5% in April from a year earlier, down slightly from an annual.
Welcome to the total mortgage current Mortgage Rates Blog. There’s some economic data out today, but first, your daily mortgage rate forecast/advice. Where are mortgage rates going? Mortgage rates still moving sideways. It’s been a pretty mild week for mortgage rates so far and that trend is continuing today.
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When mortgage rates climbed last month to their highest point in two years, some market watchers believed potential home buyers might get. sold to new mortgages, listing data show. That’s about 10.