Month: July 2016

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

Regan Hagestad July 26, 2016

  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

Regan Hagestad July 19, 2016

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

Regan Hagestad July 12, 2016

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

Regan Hagestad July 5, 2016

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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