Mortgage application volume jumped 48.1 percent last week following the Federal Reserve’s move to cut two key short-term interest rates, the Mortgage Bankers Association reported today.
According to MBA, the seasonally adjusted increase was led by an 82.2 percent spike in the index that tracks refinance applications, followed by a 10.6 percent gain in the purchase-loan index. more…
Tags: Industry News · Inman Real Estate · Mortgages · applications · brinkmann · interest rates · mortgage bankers association · points · purchase · refinance
Long-term mortgage interest rates gained sharply Monday, and the
benchmark 10-year Treasury bond yield grew to 3.56 percent.
The 30-year fixed-rate average climbed to 5.73 percent, and the
15-year fixed rate jumped to 5.22 percent. The 1-year adjustable rate rose to 5.45 percent.
The 30-year Treasury bond yield gained to 4.37 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Long-term mortgage interest rates ended Wednesday mixed, and the
benchmark 10-year Treasury bond yield dropped to 3.34 percent.
The 30-year fixed-rate average held steady at 5.66 percent, while the
15-year fixed rate gained to 5.09 percent. The 1-year adjustable rate rose to 5.42 percent.
The 30-year Treasury bond yield slipped to 4.21 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Long-term mortgage interest rates fell Wednesday, and the
benchmark 10-year Treasury bond yield sank to 3.47 percent.
The 30-year fixed-rate average dropped to 5.96 percent, and the
15-year fixed rate plunged to 5.32 percent. The 1-year adjustable rate, however, climbed to 4.85 percent.
The 30-year Treasury bond yield decreased to 4.41 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Long-term mortgage interest rates were up slightly Tuesday, and the
benchmark 10-year Treasury bond yield gained to 3.6 percent.
The 30-year fixed-rate average rose to 6.08 percent, and the
15-year fixed rate inched up to 5.5 percent. The 1-year adjustable rate climbed to 4.75 percent.
The 30-year Treasury bond yield increased to 4.51 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Long-term mortgage interest rates were mostly flat Monday, and the
benchmark 10-year Treasury bond yield was down at 3.45 percent.
The 30-year fixed-rate average slipped to 6.07 percent, and the
15-year fixed rate was unchanged 5.49 percent. The 1-year adjustable rate decreased to 4.63 percent.
The 30-year Treasury bond yield decreased to 4.46 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Long-term mortgage interest rates posted more gains Friday, and the
benchmark 10-year Treasury bond yield was down at 3.53 percent.
The 30-year fixed-rate average slipped to 6.09 percent, and the
15-year fixed rate fell to 5.49 percent. The 1-year adjustable rate decreased to 4.69 percent.
The 30-year Treasury bond yield decreased to 4.54 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
Tags: Industry News · Inman Real Estate · Mortgages · interest rates · mortgage rates · overnight rates
Long-term mortgage interest rates posted more gains Thursday, and the
benchmark 10-year Treasury bond yield was down at 3.58 percent.
The 30-year fixed-rate average rose to 6.12 percent, and the
15-year fixed rate climbed to 5.53 percent. The 1-year adjustable rate jumped to 4.73 percent.
The 30-year Treasury bond yield decreased to 4.56 percent.
Rates and bonds are current as of 7:15 p.m. Eastern Standard Time. more…
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Loans entered the foreclosure process at a record rate during the fourth quarter, and things are likely to get worse before they get better, the chief economist for the Mortgage Bankers Association said today.
Although reductions in short-term interest rates have lessened the shock of interest-rate resets for many borrowers with adjustable-rate mortgage (ARM) loans, falling home prices are leaving more homeowners with little or no equity in their homes — and less incentive to keep up on their mortgage payments, said MBA Chief Economist Doug Duncan. more…
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Long-term mortgage interest rates continued higher Tuesday, and the benchmark 10-year Treasury bond yield was up at 3.62 percent.
The 30-year fixed-rate average rose to 5.9 percent, and the 15-year fixed rate gained to 5.27 percent. The 1-year adjustable rate jumped to 4.56 percent. more…
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