Mortgage Rates Hit Four-Year High

Mortgage Rates Approach Four-Year High. Mortgage interest rates were are moving up, though not to the point where they are expected to dampen the demand for home ownership or curtail the strength.

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Freddie Mac reported Thursday that the economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven year high of 4.94% -.

The median price of a single-family home in Houston hit a record high in May as the housing market logged its fourth straight month of sales gains, new data show. shoppers pounced on fresh inventory.

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This week, the average rate for a 30-year fixed-rate mortgage loan rose to its highest level since 2013. This is based on the weekly industry survey conducted by Freddie mac. mortgage rates hit 4-year high in April 2018. On April 26, 2018, Freddie Mac published the latest results of its Primary Mortgage Market Survey (PMMS).

Mortgage Rates Drop to 9-Month Lows Mortgage. week’s rapid drop. Doing so would improve our chances of seeing recently lower rates stick around for more than a fleeting moment. Now here we are on Friday with the average lender not.

Mortgage rates hit four-year high, adding $50 a month to. – Mortgage rates hit four-year high, adding $50 a month to typical home purchase. By Tribune Content Agency. By Teresa Dixon Murray, The Plain Dealer, Cleveland. CLEVELAND, Ohio – Mortgage rates have hit their highest level in four years as they’ve increased for the eighth week in a row.

Mortgage Rates Hit Four-Year High. March 15, 2018. As mortgage rates continue to rise, housing market trends will shift. Rising rates may make homeownership less affordable and may cause "hot" markets to start to level off as buying becomes less accessible.

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Mortgage Applications Drop to 4-Year Low as Interest Rates. – Lending interest rates have now reached an 8-year high, while the Feds fund rate is now the highest it has been since 2008, currently at 2.25%. Last week, the average contract interest rate for a 30-year fixed-rate mortgage with conforming loan balances increased to 5.15 percent. This marks the highest rate for home mortgages since April 2010.

Mortgage Rates at a Four-Year High Threaten to Roil Housing. Besides discouraging borrowers, rising rate could make current homeowners less likely to move, creating a bottleneck throughout the system. If mortgage rates continue to rise, the housing market could be hampered. If mortgage rates continue to rise, the housing market could be hampered.

ANZ Bank has rushed out an increase to the interest rate it offers for a term deposit amid damage control over its decision.