(Bloomberg Opinion) — The 30-year Treasury yield has been spending some time below 2% this week, territory. would entail a 30-year mortgage rate of 1.6%. These days I wouldn’t say anything having.
Rates this week have fallen now in seven out of the last nine. since the Federal Reserve indicated earlier this month that it might start cutting interest rates. Low mortgage rates have contributed.
This two-month mortgage rate forecast and mortgage market forecast is part of the HSH.com MarketTrends newsletter, published every week by HSH Associates. HSH.com is a leading consumer site for mortgage information.
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Just three days ago, data from Black Knight showed that 8.2 million borrowers could save big on their mortgages thanks to the recent decline in mortgage interest rates, but rates have continued to.
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Long-term mortgage rates in the U.S. fell this week, getting close to a 3-year. could cut the benchmark interest rate at their meeting next week.
Average interest rates for 30-year fixed. market reaction to the G20 Summit will ultimately drive Treasury yields and ultimately mortgage rates. From the previous week, the FED’s preferred.
Mortgage rates bucked the week’s trend Friday, dropping slightly across the board. Most loans dipped just 1 or 2 basis points (a basis point equals 1/100 of a percent), but the reversal from the.
Mortgage rates hit an almost three-year low last week, and it seems. sending Treasury yields and interest rates down with them, explains Joel.
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Mortgage rates have edged higher this week, but borrowers may have more to celebrate after. that signs of a slowing U.S. economy will prompt the Federal Reserve to cut interest rates. "The data.
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Mortgage rates held steady today, for the most part. If there was a leaning, it was toward slightly lower rates, but not by a wide enough margin to be significant.
Overall volume for mortgage applications fell 1.4% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. volume was still 35% higher than a year.