Posts with tag low mortgage rates

Despite record low mortgage rates, mortgage applications fell 4.9 percent for the week ending Sept. 2, according to an industry trade group. The Mortgage Bankers Association said Wednesday that its market composite index -- a measure of mortgage loan application volume -- fell 4.9 percent on a seasonally adjusted basis... Continue Reading »

Lenders in the LendingTree Network saw rates on 30- and 15-year, fixed-rate mortgages plunge to a six-month low this past week, LendingTree said in a report Wednesday. The network of mortgage lenders said the average 30-year, FRM at LendingTree branches fell to 4.71 percent, while the 15-year FRM hit 3.99 percent for the... Continue Reading »

According to a new report by the National Association of Home Builders (NAHB), the affordability of homeownership has reached a near-record high for the seventh consecutive quarter. Our sister site, WalletPop, takes a look at the latest findings to discuss when and how Americans should take advantage of historically low... Continue Reading »

It seems implausible -- even impossible -- yet here we are again. For the 10th time in the last 11 weeks, conventional mortgage interest rates dropped to a new historic low. The average 30-year fixed rate hit 4.32 percent for the week finishing Sept. 2, a drop from the previous week's 4.36 percent, according to Freddie... Continue Reading »

Glamis Haro is the last person you'd expect to be hounded by a collection agency. As the lending manager at Union Settlement, a federal credit union in Harlem, N.Y., she'd spent years advising clients on how to avoid the exact situation she suddenly found herself in. But it wasn't negligence that landed Haro in hot... Continue Reading »