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Mortgage demand rises ahead of key FOMC meeting

Housing Wire

The 30-year fixed mortgage rate increased to 7.31% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgage at 7.19% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Tuesday.

Mortgages 445
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Mortgage demand tumbles again as rates hit 7.27%

Housing Wire

The 30-year fixed mortgage rate increased to 7.27% last week, according to Kan. At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.17% on Sunday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.30% on Monday.

Mortgages 409
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Mortgage demand falls to lowest level since 1996

Housing Wire

Meanwhile, the adjustable-rate mortgage (ARM) share of activity decreased to 6.7% At HousingWire’s Mortgage Rates Center , Optimal Blue had 30-year fixed-rate mortgages at 7.15% on Tuesday. At Mortgage News Daily , 30-year fixed-rate mortgage rates were at 7.21%.

Mortgages 430
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What is a Fixed-Rate Mortgage?

Zolo

Learn all about fixed rate mortgages and whether this mortgage type is right for you. The post What is a Fixed-Rate Mortgage? appeared first on Zolo.

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Mortgage rates lingering around 7.2% as Fed pauses hikes

Housing Wire

Freddie Mac ‘s Primary Mortgage Market Survey, which focuses on conventional and conforming loans with a 20% down payment, shows the 30-year fixed rate averaged 7.19% as of Sept. By contrast, the 30-year fixed-rate mortgage was at 6.29% a year ago at this time. 21, up one basis point from last week ’s 7.18%.

Mortgages 429
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Fewer people are submitting mortgage applications

Housing Wire

The average contract interest rate for 15-year fixed-rate mortgages increased to 2.56% from 2.53% The average contract interest rate for 5/1 ARMs saw another week of dramatic fluctuation, increasing to 2.54% from 2.81%. The post Fewer people are submitting mortgage applications appeared first on HousingWire.

Mortgages 543
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Mortgage applications fell another 0.8% last week

Housing Wire

Mortgage applications fell for the fourth consecutive week as the 30-year fixed-rate mortgage rose to its highest level since 2001, reaching 7.16%. For the week that ended August 11, mortgage applications fell 0.8% from the prior week , according to data from the Mortgage Bankers Association. from 13.6%

Mortgages 367