Refinancing - Articles

Mortgage Applications Fall as Refinancing Drops

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages fell last week as refinancing slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, fell 1.6... Continue Reading »

Mortgage Rates Move Up a Tick in Latest Survey

Jae C. Hong/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose slightly this week but remained near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan ticked up to 4.41 percent from 4.40 percent last week. The average for the 15-year mortgage increased to... Continue Reading »

Mortgage Applications Fall in Latest Week

Alamy By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week on lower refinancing demand, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand,... Continue Reading »

Mortgage Rates Tick Up on Fed Chair's Comments

Tony Dejak/AP WASHINGTON -- Average U.S. rates on fixed mortgages rose this week in the wake of comments by Federal Reserve Chair Janet Yellen suggesting that the Fed could start raising short-term interest rates by mid-2015. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.40 percent... Continue Reading »

Mortgage Applications Fall as Interest Rates Pick Up

Ron Antonelli/Bloomberg via Getty Images By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as interest rates rose to the highest level since January, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application... Continue Reading »

Mortgage Rates Edge Back Down in Latest Survey

Chuck Burton/AP WASHINGTON -- Average U.S. rates on fixed mortgages declined last week, edging closer to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan fell to 4.32 percent from 4.37 percent last week. The average for the 15-year mortgage eased to 3.32 percent from 3.38... Continue Reading »

Mortgage Applications Fall in Latest Week

By Caroline Valetkevitch NEW YORK -- Applications for U.S. home mortgages fell last week as both purchase and refinancing applications slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home... Continue Reading »

Mortgage Rates Edge Up, Remain Near Historic Lows

David Paul Morris/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages rose last week but remained close to historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.37 percent from 4.28 percent last week. The average for the 15-year mortgage... Continue Reading »

Mortgage Rates Fall, Reverse Recent Upward Trend

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages fell after three weeks of rises, edging closer to historically low levels. Mortgage buyer Freddie Mac said Thursday that the average rate for the 30-year loan declined to 4.28 percent from 4.37 percent last week. The average for... Continue Reading »

U.S. Mortgage Applications Rise in Latest Week

Alamy By Caroline Valetkevitch Applications for U.S. home mortgages rose last week as interest rates slipped, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 9.4 percent... Continue Reading »

Mortgage Rates Rise as Home Sales Surge

Getty Images WASHINGTON -- Average U.S. rates on fixed mortgages rose for a third straight week as new data showed a surprisingly strong pace of new-home sales last month. Rates still remain near historically low levels. Mortgage buyer Freddie Mac said Thursday the average rate for the 30-year loan increased to 4.37... Continue Reading »

Freddie Mac to Pay Treasury $10.4 Billion on Record Profit

Alamy By Margaret Chadbourn WASHINGTON -- Freddie Mac said Thursday it will soon send the U.S. Treasury a $10.4 billion dividend after posting a ninth straight quarterly profit, putting taxpayers further into the black on their bailout of the mortgage giant. When it makes the payment next month, Freddie Mac will have... Continue Reading »

Mortgage Applications Tumble to Lowest Level in 2 Decades

Alamy By Diana Olick Mortgage applications to buy a home fell last week to the lowest level in nearly two decades, according to a weekly survey from the Mortgage Bankers Association. The report is a clear sign of weakness in buyer demand heading into the usually busy spring housing season. "Purchase applications were... Continue Reading »

Refinancing Losing Its Appeal to Homeowners

Shutterstock By Christine DiGangi There were a lot of positive changes in the mortgage world last year: Foreclosures declined, property values increased, interest rates maintained historic lows, and home sales climbed. As the recovery plowed ahead in 2013, home sales dominated new loans, making up 49 percent of new... Continue Reading »

Mortgage Rates Inch Up in Latest Week

AP WASHINGTON -- Average U.S. rates on fixed mortgages rose this week but remained near historically low levels. Mortgage buyer Freddie Mac says the average rate for the 30-year loan increased to 4.33 percent from 4.28 percent last week. The average for the 15-year mortgage edged up to 3.35 percent from 3.33... Continue Reading »

Housing Starts, Permits Tumble; Mortgage Applications Fall

AP By Lucia Mutikani and Rodrigo Campos WASHINGTON -- U.S. housing starts recorded their biggest drop in almost three years in January, likely weighed down by harsh weather, but the third month of declines in permits pointed to some underlying weakness in the housing market. That weakness was evident in another report... Continue Reading »

Mortgage Rates Tick Up After 5 Down Weeks

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- The average U.S. rate on a 30-year fixed mortgage edged up this week to 4.28 percent from 4.23 percent but remains near historically low levels after declining during the five previous weeks. Mortgage buyer Freddie Mac said Thursday that the average for the 15-year... Continue Reading »

Fewer Americans Fall Behind on Mortgage Payments

David Calvert/Bloomberg via Getty Images By ALEX VEIGA LOS ANGELES -- U.S. homeowners are doing a better job of keeping up with mortgage payments, a trend that has reduced the rate of late payment on home loans to the lowest level in more than five years. The percentage of mortgage holders at least two months behind on... Continue Reading »

Mortgage Rates Continue Downward Trend

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages fell this week as the latest data continued to indicate a pause in the housing market's recovery. Mortgage buyer Freddie Mac says the average for the 30-year loan declined to 4.23 percent from 4.32 percent last week. The average... Continue Reading »

Mortgage Applications Rise as Rates Fall

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages rose as refinancing applications gained in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both... Continue Reading »

Real Estate 2014: The New Wisdom

Shutterstock By Beth Pinsker When the housing bubble burst, a damage-control mentality replaced decades of conventional real estate wisdom. With the housing market now rebounding, there is still uncertainty. The old rules -- such as getting a fixed-rate mortgage and refinancing when you can -- don't apply. But the... Continue Reading »

Mortgage Rates Slip as Home Prices, Sales Fall

Daniel Acker/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages slipped this week as new data showed a decline in home prices in November and a drop in new homes sales last month. Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.32 percent from 4.39 percent last week.... Continue Reading »

Mortgage Applications Near Flat in Latest Week

Daniel Acker/Bloomberg via Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages edged slightly lower in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and... Continue Reading »

Mortgage Rates Slip a Bit in Latest Week

AP WASHINGTON -- Average U.S. rates for fixed mortgages changed little this week. Mortgage buyer Freddie Mac said Thursday the average for the 30-year loan declined to 4.39 percent from 4.41 percent last week. The average for the 15-year loan slipped to 3.44 percent from 3.45 percent. Mortgage rates have risen about a... Continue Reading »

More Americans Apply for Home Mortgages

Getty Images By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages rose in the latest week, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes both refinancing and home purchase demand, rose 4.7 percent to... Continue Reading »

Average U.S. Rate on 30-Year Loan at 4.41%

AP WASHINGTON -- Average U.S. rates for fixed mortgages declined this week, edging closer to historically low levels. Mortgage buyer Freddie Mac says the average for the 30-year loan fell to 4.41 percent from 4.51 percent last week. The average for the 15-year loan eased to 3.45 percent from 3.56 percent. Mortgage rates... Continue Reading »

Mortgage Applications Jump on Lower Rates

Nam Y. Huh/AP By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages jumped in the latest week, extending a recovery from a 13-year low at the end of December, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which includes... Continue Reading »

Mortgage Rates Slip Just a Bit in Latest Week

David Ryder/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages barely changed this week, hovering near historically low levels. Mortgage buyer Freddie Mac says the average for the 30-year loan slipped to 4.51 percent from 4.53 percent last week. The average for the 15-year loan edged up to... Continue Reading »

Mortgage Applications Edge Up in Latest Week

Chuck Burton/AP By Luciana Lopez NEW YORK -- Applications for U.S. home mortgages edged higher in the latest week, rebounding from a 13-year low set at the end of last year, an industry group said Wednesday. The Mortgage Bankers Association said its seasonally adjusted index of mortgage application activity, which... Continue Reading »

Average U.S. Rate on 30-Year Loan Rises to 4.53%

David Ryder/Bloomberg via Getty Images WASHINGTON -- Average U.S. rates for fixed mortgages edged higher this week for the third straight week but remained low by historical standards. Mortgage buyer Freddie Mac said Thursday that the average for the 30-year loan rose to 4.53 percent from 4.48 percent last week. The... Continue Reading »

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