The US weekly average rate for a 30-year fixed mortgage has raised up from 4.62% to 4.67%.
National rates for 15-year fixed mortgages has also raised up from 4.19 to 4.20.
Tag Archive | “US housing market”
U.S. Fixed Mortgage Rates Rise from Record Lows
Posted on 10 December 2009
Home funding company Freddie Mac said on Thursday that in the past week U.S. fixed home loan rates were at above record lows, tracking bond yields higher following surprise improvement in November employment.
0.10 percentage point rise in 30-Year mortgage
30-year mortgages averaged 4.81%, a rise of 0.10 percentage point from the the previous week, when it hit the lowest level since Freddie Mac started tracking it in 1971.
Historically Low mortgage rates – A response to government interventions
Historically low mortgage rates, are mainly a response to government interventions such as the purchase of more than $1.4 trillion in mortgage-related debt. These steps taken by the government are helping to restore the stability in hard-hit U.S. housing after a three-year dive.
Fall in US Mortgage Applications As Refinancing Loses Steam
Posted on 29 July 2009
On Wednesday, data from an industry group showed that for the first time in four weeks, U.S. mortgage applications fell, this has happened due to a drop in demand for home refinancing loans as interest rates jumped up.
Applications for loans to buy a home were flat which are considered as an early indicator of sales. Lack of interest for purchase loans does not bode well for the hard-hit U.S. housing market, which has been otherwise showing good signs that the housing market is gradually stabilizing.