Month: July 2016

Mortgage Rates Experience a Slight Uptick: Still a Favorable Time to Buy or Refinance

  The fallout from Brexit has lessened during the past two weeks, permitting interest rates to rebound slightly from their record 10-year Treasury yield and near-record 30-year mortgage rate lows, according to Freddie Mac’s weekly Mortgage Rates Survey. During the week ending July 21, the 30-year fixed mortgage rate increased 3 basis points to a still low 3.45 percent. With the Federal Reserve on hold and the U.K.

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Freddie Mac July 2016 Outlook

Freddie Mac’s monthly Outlook for July shows that international concerns such as slowing growth in China and the Brexit vote in the U.K. have played a major role in decreased mortgage rates. In the most recent Primary Mortgage Market Survey, the 30-year fixed-rate mortgage fell to 3.41 percent, just slightly above the all-time record low. This is likely to result in a boost in housing activity, particularly refinancing,

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Mortgage Rates Approaching All-Time Record Lows

Britain’s vote to exit the European Union continued to drive Treasury yields lower in the first week of July. Following that trend was the 30-year fixed-rate mortgage, which fell 7 basis points to 3.41 percent in mortgage finance agency Freddie Mac’s weekly mortgage rate survey. That means mortgage rates have now dropped 15 basis points during the past two weeks,

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8 Rules of Refinancing When Mortgage Rates are Falling

Mortgage rates are the lowest we’ve seen in three years. While many folks are considering buying or selling, it’s also a great time to refinance. Here are some tips from Inman on how to properly refinance a home loan: Slow down. Yes, you might miss the boat, but better to do it right. When refinancing a primary residence, remember that

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