Fixed mortgage rates sank to a 10-month low this week amid uncertainty about the health of the economy. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate.
The average contract interest rate for 30-year fixed-rate mortgages with jumbo loan balances (greater than $484,350) increased to 4.45 percent from 4.41 percent, with points increasing to 0.34 from 0.25 (including the origination fee) for 80 percent LTV loans.
OTTAWA (Reuters) – Canada’s trade deficit in March shrank slightly to C$3.21 billion ($2.38 billion) as higher energy shipments helped exports increase at a slightly faster rate than imports.
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UPDATE 1-U.S. mortgage activity picks up as loan rates tumble – MBA – The Washington-based group’s seasonally adjusted index on loan requests to buy a home and to refinance one rose 1.5% to 417.8 in the week ended May 31. interest rates on 30-year fixed-rate "conforming.
U.S. mortgage activity picks up as loan rates tumble: MBA U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries about trade tensions, the Mortgage Bankers Association said on Wednesday.
Meanwhile, mortgage applications slumped last week as rates rose, according to the latest data from the Mortgage Bankers Association. The market composite index – a measure of total loan application .
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Additionally, the average loan amount for government refinance applications reached another survey high at $282,500. In a week of mixed mortgage rate movements across the various loan types, the 30-year fixed rate finished slightly higher than last week, but was still close to lows last seen in 2016."
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The urgency of lower mortgage rates seems to be wearing off as total loan applications slipped 2.4 percent last week from the prior week, according to data from the Mortgage Bankers Association.
Home loan demand up as interest rates tumble.. The Mortgage Bankers Association said its seasonally adjusted index of mortgage applications, which includes both purchase and refinance loans.
Borrower activity continued to pick up last week. by the U.S. Commerce Department showing a widening trade deficit," said Joel Kan, MBA’s Associate Vice President of Economic and Industry.
U.S Mortgage Rates Tumble as Trade War Angst Bites An escalation in the U.S – China trade war and negative business sentiment weighed on mortgage rates. Any near-term upside will be limited at best.