Refinance applications decreased from 45.6 percent last week to 44.9 percent this week. Adjustable rate mortgage applicationstotaled 7.2 percent. Of the total applications, the 10.2 percent were FHA loans, slightly down from the 10.3 percent a week earlier.
Treasury’s point man on GSE reform stepping down A top aide to Treasury Secretary Steven Mnuchin who led the Trump administration’s push to reform the government-sponsored enterprises is stepping down, according to people familiar with the matter. Craig Phillips will leave the agency next month, said the people, who asked not to be named because his departure hasn’t been announced publicly.
for 80% loan-to-value ratio loans. The effective rate increased from last week. Applications to purchase a home were down 4% since last week, but they were also 4% higher than a year ago. "Strong.
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A rise in U.S. mortgage rates to a more than four-year high reduced refinancing activity on existing home loans in the latest week to the weakest level since December, Mortgage Bankers Association.
Rates for home loans fell to the lowest in over a year as investors remained. Bond yields, which decline as prices rise, have been caught in “cross-currents,” in the words of Federal Reserve.
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Mortgage loan rates have dropped on all types of loans for the third consecutive reporting period and are now at levels equal to mid-2013. Mortgage Loan Rates Fall to 16-Month Low Home
· Interest rates on variable rate loans are capped at 14.95%. Lowest variable rate of 5.81% apr assumes current 1-month libor rate of 2.07% plus 4.175% margin minus 0.25% AutoPay discount. For the SoFi variable rate loan, the 1-month LIBOR index will adjust monthly and the loan payment will be re-amortized and may change monthly.
Mortgage rates inch up after five-week decline The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks.
· If lower interest rates cause a rise in AD, then it will lead to an increase in real GDP (higher rate of economic growth) and an increase in the inflation rate. Evaluation of a cut in interest rates This shows the cut in interest rates in 2009, was only partially successful in.
Mortgage Loan Rates Fall to 2-Year Low, mortgage applications rise Only Slightly. partly driven by a 9 percent jump in VA applications. The 30-year fixed rate has now dropped in three of the.