Mortgage rates inch up after five-week decline

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This year’s run-up in mortgage rates may be done for now, with rates falling this week for the fifth time in the last six weeks. And there may even be room for rates to drop even lower.

Prospective mortgage borrowers submitted 1.3% more applications in the week ending March 26, following two weeks of decline, according to the Mortgage Bankers Association (MBA) survey of gross.

A better-than-expected performance in the fourth quarter pushed gross domestic product up 2.9 percent for. contracted at a 5.6 percent rate, the biggest decline in five years, likely reflecting the.

Mortgage buyer freddie mac said that the average rate on the benchmark 30-year mortgage was 4.81 percent last week, up from 3.92 percent a year ago. The decline has left homebuilders with 336,000.

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While the share was up from April, it failed to reach the 21.7% set in March that was the highest in data that goes back six years. That was the month that mortgage rates had the biggest one-week tumble in a decade, as measured by Freddie Mac. Since then, rates have continued to decline, but a growing.

Current Mortgage Rates Inch Up on Tuesday. March 20, 2018 by Carter Wessman Leave a comment. Mortgage rates are up a little today as the Federal Open Market Committee begins their two-day meeting. Rates will likely stay in a holding pattern until the Fed concludes their meeting with a written.

Construction authorizations for single-family homes continue falling Construction spending has gone from bad to worse, as May saw a decline of 0.8% for the month with both residential and non-residential spending falling. slide in single-family homes, despite.

There is also [talk] of positive momentum in the U.S.-China trade talks, which is another negative for the mortgage rates. Expect the mortgage rates to inch higher in the short term." Meanwhile, mortgage applications roared back after the holidays, according to the latest data from the Mortgage Bankers Association.

Mortgage interest rates have fallen for the sixth consecutive week, which means homebuyers may enjoy lower monthly payments over the life of the loan. falling mortgage rates are making homes more.

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Filings for U.S. unemployment benefits fell more than expected to a four-week low, as the labor market tightens further following the end of a five-week government. week average continues to inch.

Average 30 year mortgage rates posted a small decline this past week after moving higher for all of 2018. Week over week, average 30 year mortgage rates declined to 4.55 percent, down 3 basis points from the prior week’s average 30 year rate of 4.58 percent.

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