Mortgage rates continue to drop well below 4 percent. The average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this MBA series. The purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.
Published News » Mortgage Rates
Mortgage rates slide to record lows
Posted by mortgage 5 hours ago (Editorial)
Rates are great, home prices less filling
Posted by mortgage 5 hours ago (Editorial)
Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any better than this. 30 year ...
RBC cuts mortgage rates
Posted by mortgage 5 hours ago (Editorial)
The Royal Bank of Canada announced Wednesday that it was cutting its residential mortgage rate by 0.1 of a percentage point to 5.34% for a fixed five-year closed rate agreement
National mortgage rates for May 24, 2012
Posted by mortgage 5 hours ago (Editorial)
Mortgage rates stayed near record lows as the housing market shows signs of recovery. The 30-year fixed-rate mortgage was 3.97 percent, unchanged from last week.
First Person: How Much Home Can I Afford?
Posted by mortgage 5 hours ago (Editorial)
I'm in the market to purchase a home within the next six to eight months. I currently earn about $20,000 a year and rent an apartment for $540 a month. Ideally, I'd like a house with a mortgage payment that's less than $540 a month. In fact, I'd like the mortgage payment, taxes, insurance and property tax to be less than $6,480 a year.
Swedish Banks' Margin On Mortgage Loans Widens
Posted by mortgage 5 hours ago (Editorial)
The margin between mortgage rates and Swedish banks' financing costs have increased in recent years and was 1.1 percentage points at the end of the first quarter, Sweden's Financial Supervisory Authority said Thursday.
Rates great, home prices less filling
Posted by mortgage 5 hours ago (Editorial)
Mortgage rates stayed near all-time lows this week, as the housing market showed signs of life and sent potential homebuyers a message: If you want to buy low, it doesn't get any better than this.
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