From Matthew Graham at Mortgage News Daily: Mortgage Rates Drop Back to 1-Month Lows Just a day after bouncing firmly higher from the lowest levels in a month, mortgage rates are right back down to the bottom of the recent range.
As trading levels in the secondary mortgage market only improved into the afternoon, lenders released new rate sheets reflecting more of the day’s movement. Ultimately, it’s been enough to bring 4.5% back into view as a best-execution rate, though 4.625% remains at least as prevalent.
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· June 22, 2018. While the low value of 3.67% was within bounds, rates rather exceeded our expected limit, climbing as high as 3.87% over the forecast period. In all, a fair forecast, if a little less accurate than we had hoped.
Mortgage Rates Tumble to 1-Month lows After Jobs Report mortgage rates fell abruptly today, following a significantly weaker than expected Employment Situation report. The data hit markets before most lenders had rates available for the day, but most of them still held back on the first round of rate.
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Today, current mortgage rates remain at historic lows around 4% – with over 63% of homeowners with mortgages paying interest rates between 3% and 4.9%, according to the Census Bureau. As of June 2017, interest rates for new 30-year mortgages were as low as 3.89%.
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August 1, 2017 Comments Off on Mortgage Rates Trickle to 1-Month Lows Posted To: Mortgage Rate Watch Mortgage rates continued lower today, matching the best levels in just over a month. Prospective borrowers are increasingly seeing conventional 30yr fixed quotes in the high 3% range on top tier scenarios, though 4.00% is still more prevalent.
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"Concerns over European economic growth and ongoing uncertainty about a trade war with China were some of the main factors that kept mortgage rates low last week," Joel Kan, MBA’s associate.
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Mortgage Rates Drop To A 16 Month Low – But For How Long? October 15, 2014 Shashank Shekhar Growing concerns about weak economic growth and Fed’s indication of delaying rate hikes, plummeted the mortgage rates to the lowest levels in 16 months.
Refinance Demand Up as Mortgage Rates Hit One Month Low Refinance on the dips. Many experts predict that mortgage rates will climb higher in the second half of 2018, but economic pressure, global trade tensions and other concerns have kept mortgage rates in a stable-to-slightly-lower pattern through much of the spring and into early summer.