Mortgage rates hit a new low in 2017 for the second consecutive week even as the rate for five-year adjustable-rate mortgages increased. "The 30-year mortgage rate remained relatively flat.
Mortgage Rates Moderately Lower After Yellen Testimony After trending lower for most part of 2014, mortgage rates have started edging up. Janet Yellen’s first testimony to the Congress as the new Fed Chairperson was the trigger behind the mortgage backed securities (mbs) rout. When MBS go down in price, mortgage rates go up.
Mortgage applications rose last week as record low rates lifted demand for home refinancing loans to its highest level in over 15 months, a development that could provide a much-needed jolt to the
Mortgage rates hit new lows but housing demand lags without tax credits July 1, 2010 | 8:48 am A good news-bad news scenario continues on the housing front, with mortgage interest rates dropping again to record lows, according to the latest survey by home-loan buyer freddie mac .
MBS Day Ahead: Does Inflation Still Matter? Bonds and Economists At It Again – Alhambra Investments – Given this situation, it doesn’t matter one bit that you might agree with Economists. Let’s say you are ultra-positive on the economy. The unemployment rate in the US is the true picture of the domestic situation, inflation has to therefore rise. The world isn’t going to keep buying all the US federal debt, not with the economy on the.
Tax Reform and Housing: All Your Questions Answered.. and can instead feel more free to list their home on a more flexible schedule without fear of a potentially hefty tax hit. How will the new $10,000 limit on state and local income and property tax (salt) deductions affect homeowners.
NAR’s housing affordability index shows the typical monthly mortgage principal and interest payment for the purchase of a median-priced existing home is only 13 percent of gross household income, the lowest since records began in 1970. Regionally the median price in the Northeast was $232,900, down 3.0 percent from a year ago.
What will Spiking Mortgage Rates, High Home Prices, & the New. – What will Spiking Mortgage Rates, High Home Prices, & the New Tax Law Do to the Housing Market?. FHA will always give you a super low rate. But their new PMI terms are 2 to 3 times the cost of a conforming loan and pretty much permanent regardless of future LTV. Only way out would be to refi.
· The lowest mortgage rates since 1971 are propping up the metro-area housing market, giving consumers an incentive to lock in low rates on home purchases.It’s the best news the market has seen since the expiration of federal tax credits aimed at spurring homebuying activity, some real-estate agents say.The average rate for 30-year fixed- rate.
Freddie Mac: Rock-bottom mortgage rates signal refi opportunity The 30-year fixed-rate mortgage averaged 4.52% during the july 19 week, down one basis point, according to the weekly data from mortgage provider freddie Mac. The 15-year fixed-rate mortgage.
HUD, the parent of FHA, has announced that they will be lowering the annual FHA mortgage insurance premium from 1.35% to 0.85% effective January 26, 2015. This is a huge savings for FHA loan borrowers on a 30 year fixed rate fha mortgage loan. Related> mortgage rates hit 18 month low. Related> Mortgage rates drops to 19 month low