Mortgage rates drop for the first time in four weeks

Mortgage Rates Ease for the First Time This Week Home loan interest rates did an about-face today, delivering small declines across the board instead of small increases. Tim Brugger

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Mortgage Rates Drop For The First Time In 4 Weeks After 4 weeks of rising costs, mortgage rates finally recede. According to Freddie Mac’s weekly primary mortgage Market Survey , the average 30-year fixed rate mortgage rate dropped 7 basis points to 3.59% this week.

Affordability keeping some from listing their homes for sale Inventory keeps contracting as higher rates deter sellers: Redfin When the seller signed a contract with his agent to list the house for sale, one of the things specified in the contract was the amount of commission he was willing to pay. 90+% of the time that is 6% to be split between buyers and sellers agents.the listing agent, said Monday. The April 9 auction generated some offers although none high enough. The main problem, as Pedone sees it, is that most people who can afford a luxury home don’t want it.

U.S Mortgages – Mortgage Rates Fall for the 1st Time in 4-Weeks Mortgage rates hit reverse for the 1st time in 4-weeks, with concerns over global economic influencing in the week.

After 4 weeks of rising costs, mortgage rates finally recede. According to Freddie Mac’s weekly Primary Mortgage Market Survey, the average 30-year fixed rate mortgage rate dropped 7 basis points to 3.59% this week.Depending on where you live, however, you may find that your offered mortgage rates varies.

Expected slowdown in remodeling is good news for mortgage business Expected slowdown in remodeling is good news for mortgage business Remodeling activity stepped up in recent years as homeowners stayed put for nearly twice as long as before the housing bubble burst, but several forecasts point to a potential slowdown on the horizon, which is a welcome sign for the mortgage business.

Mortgage rates this week. A year ago, it was 4.02 percent. Four weeks ago, the rate was 4.71 percent. The 30-year fixed-rate average for this week is 0.14 percentage points below the 52-week high of 4.80 percent, and is 0.71 percentage points higher than the 52-week low of 3.95 percent.

U.S Mortgages – Up for the First Time in 4-Weeks. The Refinance Index fell by 4% to the lowest level since December 2000, in the week ending 6 th July, following the previous week’s 2% fall, with the refinance share of mortgages falling from 37.2% to 34.8%, the fall taking the refinance share of mortgages to the lowest level since August 2008.

Mortgage rates post first decline in 4 weeks. Mortgage rates slipped during the week ending May 31 for the first time in four weeks after climbing to their highest level in more than seven years, according to the Primary Mortgage Market Survey released by Freddie Mac. Rates for the 30-year fixed-rate mortgage averaged 4.56%,

Foreclosure activity is at the lowest level in over a decade No. 12: Detroit, Mich. Bayview purchasing Pingora loan servicing platform Hatteras Financial Corp. on Thursday announced plans to purchase Pingora Asset Management and Pingora Loan Servicing of Denver. Michael Hough, CEO and chairman of hatteras financial (nyse: hts.ann arbor — Michigan senior first. 269 with a team-leading 12 home runs and 56 RBIs. Considering he only had two career.It was the lowest level of foreclosure activity since the second quarter of 2006. "Legacy foreclosures from the high-risk loans originated between 2004 and 2008 have largely been cleared out of the distressed market pipeline," says Daren Blomquist, senior vice president at ATTOM Data Solutions, in a statement.

The 30-year fixed-rate mortgage averaged 4.14% for the week ending May 2, down from last week when it averaged 4.2%, Freddie Mac said. Over the four week period, the 30-year FRM increased 12 basis points.

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