Mortgage rates hit a five-week low

Foreclosure starts hit. (SMM) rate, rose by 5.45 percent compared to July, reaching a three-year high. The rate, 1.5 percent of all outstanding mortgages, is up 61.77 percent from the same time.

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NEW YORK (Reuters) – U.S. mortgage application activity hit a five-week low even as home borrowing costs were little. The average interest rate on 30-year, fixed-rate conforming mortgages, the most.

Mortgage Rates Hit Six-Week Low at 5 Percent – HousingWire – "Rates for both the 30-year and 15-year fixed-rate mortgages were the lowest in six weeks; initial rates on 5/1 hybrid ARMs hit an all-time low since they were added to the survey in the.

RateCity research director Sally Tindall New figures by RateCity show that record low interest rates have resulted in the.

After a recession hit in 2001, for example, a series of rate cuts brought the Fed’s target for the its funds rate down to 1 percent from 6.5 percent. Mortgage rates followed, dropping from 8.5 percent.

Bankrate: Mortgage Rates Hit Six-Month Low By Published: May 25, 2017 7:30 a.m. ET. Share. NEW YORK, May 25, 2017 /PRNewswire/ — Mortgage rates continued to fall this week, with the benchmark 30.

Mortgage rates fell for the second week, averaging 3.54 percent, down from 3.60 percent. A year ago at this time, a 30-year, fixed-rate home loan was 4.0 percent, according to Freddie Mac. That’s not.

NEW YORK, June 8, 2017 /PRNewswire/ — Mortgage rates continued their decline this week hitting a new 7-month low, according to’s weekly national survey. The average 30-year fixed.

Mortgage rates just hit a 2017 low, so why aren’t homeowners refinancing?. This is a prime environment in which low mortgage rates flourish.. Rates hit very low levels in 2016. But just.

Mortgage Rates Hit 7-Month Low Fixed mortgage rates have fallen for a fifth consecutive week, reaching their lowest levels in seven months, according to today’s freddie mac weekly rate survey. Average interest rates on 30-year fixed-rate mortgages edged down to 4.12 percent this week, while the average on 15-year fixed-rate loans dropped to 3.

Low mortgage rates provide an opportunity to refinance for some homeowners. Take, for example, a homeowner who took out a $150,000 mortgage in September of 2007, when the rate for a 30-year FRM.

All rates reversed to the downside and hit new all-time lows (possibly 5000-year lows). The average 30-year mortgage in the U.

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