Interest rates slowing home sales, mortgage data show

Interest rates slowing home sales, mortgage data show

Mortgage. data backs this up, showing single-family housing starts up 12.3% for the month and 6.6% over the year. Overall.

A weakening economy, coupled with moves by the Fed to lower interest rates, likely will cause mortgage rates to fall as well, economists say. If the 30-year fixed-rate mortgage reaches Yun’s predicted 3.3% average, that would sit slightly above the lowest-ever recorded average of 3.31% set in November 2012, according to Freddie Mac.

That rate is still 95 basis points lower than a year ago, but interest rates have now jumped 20 basis points in just two weeks. As a result, applications to refinance a home loan, which are highly rate-sensitive, fell 15% for the week, although they are still 104% higher than a year ago.

The crisis took a huge bite out of housing prices, and rising unemployment put large numbers of homeowners underwater in.

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Mortgage originations decrease with weaker home sales and slow house price growth.. research note: Freddie Mac’s Primary Mortgage Market Survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others.

Freddie Mac released its weekly update on national mortgage rates. that this trend "may slow some of the refinance momentum." Even so, "rates are nonetheless low and home-buyer affordability high,

SLC Local Market Update: 1,000 New Listings Hit The Market in January. Mortgage Masters Group Get the latest Syracuse, NY local news, sports news & US breaking news. view daily cny weather updates, watch videos and photos, join the discussion in forums. Find more news articles and stories.

Just like that another year has passed, well almost, so it’s time once again to look forward to what the next 365 days might bring. Will 2019 be a winner for mortgage rates, or will home buyers and refinancers face more agony like they did in 2018?. As always, I compile predictions and data from the leading mortgage and real estate industry groups to come up with the annual forecast.

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Primary Federal Regulators. Figure 9 displays the primary federal regulators identified in the reports of mortgage loan fraud. National banks with offices located.

The housing market, the most sensitive sector to interest rates, has perked. of 3.73%, according to data from mortgage finance agency freddie mac.. war between the United States and China, and slowing global growth.. A real estate agent shows a prospective buyer a home as he shops for a house.

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