Mortgage rates rise for second consecutive week

Another is the second consecutive quarterly decline in tappable equity nationwide.. Low mortgage rates tipped the balance of equity borrowing toward. The second largest increase was a 15 percent gain in FHA/VA loan.

Rates are expected to rise over the coming weeks and months so if you're looking. “Mortgage rates dipped for the second consecutive week.

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Mortgage interest rates have now risen for the fourth consecutive week, according to the latest Freddie Mac Primary Mortgage Market Survey. The 30-year fixed-rate mortgage averaged 4.20% for the week ending April 25, 2019, slightly up from last week’s rate of 4.17%. Notably, this week’s rate is moderately lower than last year’s rate of 4.58%.

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"Mortgage rates rose for the second consecutive week as 10-year Treasury yields surged. housing starts declined 2 percent to a seasonally adjusted pace of 1.065 million units and housing permits.

Mortgage rates ticked up for the second consecutive week but remain lower than the level a year ago and "attractive" as the spring home buying season approaches, Freddie Mac reported. Through Wednesday, the 30-year fixed rate averaged 3.68 percent, which was up four basis points from the prior week. A year ago, the rate averaged 3.86 percent. Other key rates also rose.

The contract interest rate for a 5/1 adjustable rate mortgage loan increased from 4.09% to 4.17%, its highest level in the history of the MBA survey. Rates on a 30-year FHA-backed fixed-rate loan were.

This is the second consecutive week that the 30-year fixed interest rate for jumbo loans has been lower than the 30-year fixed rate for conforming loans. The average contract interest rate for 30-year.

Homebuilders fall to 10-month low on sales data, earnings miss Retail sales in the U.S. rose 0.6 percent last month, the biggest increase in three months, Commerce Department figures showed today. The median forecast of 83 economists surveyed by Bloomberg called.Lennar warns of hurricane-related delays to new-home deliveries Home Builder Lennar Warns on 4Q Closings. Miami, FL, November 5–Lennar Corp warned that it may have to delay closings on 600 of the new houses it expected to deliver to homeowners in the.

Mortgage rates for 30-year fixed mortgages rose this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.28 percent, up from 4.24 percent at this same time last.

The Mortgage Bankers Association reported that its total Mortgage Applications Volume Index rose 0.7% last week (5.8% y/y) following a 2.6%.

New-home sales dropped in July after solid first-half run Sales of new US homes dropped sharply last month to the slowest pace on record, the latest sign that the economic recovery is fading. The Commerce Department says new home sales fell 12.4% in July.

NEW YORK, May 26, 2016 /PRNewswire/ — Mortgage rates increased again this week, with the benchmark 30-year fixed mortgage rate rising to 3.82 percent, according to Bankrate.com’s weekly national.

Thirty-year mortgage rates averaged 3.99% in the week ended May 30, down from 4.06% a week earlier. Existing home sales, on the other hand, fell for a second consecutive home in April due primarily.