Mortgage rates edge higher, after five weeks of declines

Mortgage rates edged higher last week, the first increase after five weeks of declines. The 30-year fixed-rate mortgage averaged 3.91% in the week ending June 15, up from 3.89%, Freddie Mac said Thursday. The 15-year fixed-rate mortgage averaged 3.18%, up from 3.16%, while the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged […]

Weekly mortgage applications to purchase a home drop 3%, even as falling rates spark a rush to refinance

  Jamie Rector | Bloomberg | Getty Images Another drop in mortgage interest rates continued to confound expectations, but current homeowners saw a clear path to savings. Mortgage application volume rose 2.8 percent last week, all thanks to refinances. The Mortgage Bankers Association’s seasonally adjusted weekly index remains 12 percent […]

Mortgage rates decline for Tuesday

  Multiple closely watched mortgage rates decreased today. The average rates on 30-year fixed and 15-year fixed mortgages both dropped. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages also fell. Mortgage rates are constantly changing, but, overall, they are very low by historical standards. If you’re in […]

Mortgage prisoner explosion: why a new generation is at risk of crippling rates

Falling house prices – coming just at the time of a resurgence in low-deposit home loans – could see the creation of a new generation of “mortgage prisoners”. Prices dropped by 0.2pc in May, the third monthly fall in a row, according to Nationwide Building Society, marking the biggest sustained […]

Mortgage lenders say ‘yes’ to more first-time buyers

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LOW-COST LOAN AA launches new best-buy fixed five-year mortgage – here’s how you could switch to a cheaper home loan

GETTY IMAGES 1 The AA five-year fix offers a market-leading rate It means that someone with a £200,000 mortgage will pay £664 a month in repayments, over a 25-year period. After five years, the interest rate will rise to 4.24 per cent, but the initial 3.99 per cent rate makes […]

Mortgage rates slide to fresh 2017 low as inflation slips through Fed’s fingers

The benchmark rate for home loans remained in free fall in the most recent week in the wake of lackluster economic data that hinted the central bank may be slower to raise interest rates than it expects, mortgage provider Freddie Mac said Thursday. The 30-year fixed-rate mortgage averaged 3.94%, down […]