Economy

Mortgage Rates in US Hold Flat in Late-September

Mortgage Rates in US Hold Flat in Late-September”

On an unadjusted basis, the drop in the Market Composite Index, which measures the total volume of mortgage applications, was one percent from the previous week. The seasonally adjusted Purchase Index increased 3 percent from one week earlier.

Mortgage applications have seen another week of decline-this time because Americans are postponing their decision to refinance their mortgages, amid the rising costs of refinancing. The fee on an adjustable five-year mortgage rose to 0.5 point from 0.4 point.

The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased to 4.11 percent from 4.04 percent, with points remaining constant at 0.40 (including the origination fee) for 80 percent loan-to-value ratio (LTV) loans.

Mortgage rates for shorter maturities have also witnessed an increase.

In the ARM arena, 5 year interest rates at HSBC have been quoted at 3.69% with a starting April of 3.974%.

Long-term mortgage rates were unchanged this week: The 30-year fixed-rate mortgage remained at 3.83 percent; the 15-year home loan, popular among homeowners who refinance their mortgages, stayed at 3.13 percent, mortgage buyer Freddie Mac said Thursday. 15 year FRMs have been listed at 3.450% carrying an April of 3.641%. The shorter term, popular 15 year loan interest rates have been offered at 3.5% at the bank and an April of 3.648%.



Like this

loading...
loading...

Latest


30 September 2017
$2.87 EPS Expected for Simon Property Group Inc (SPG)
Lasalle Investment Management Securities Llc sold 394,732 shares as Simon Property Group Inc (SPG)'s stock declined 12.82%. It increased, as 26 investors sold WTW shares while 41 reduced holdings. 15 funds opened positions while 44 raised stakes.

30 September 2017
Final Justice League Trailer May Release With Blade Runner 2049
As director Denis Villeneuve gets Shinichiro Watanabe for the third prequel, the latter expressed his desire to make an anime version of the neo-noir 1980's sci-fi film.

30 September 2017
Bangladesh 127-3 after South Africa declares on 496-3
I got myself in no man's land, but it is part of the game and you have to take it on the chin and move on", he said. They finished the day on 127/3 as Mominul remained unbeaten on 28 and Tamim on 22. "I was bitterly disappointed".

30 September 2017
Michael Jackson 'Scream' Compilation Features Eerie Augmented Reality Experience
Billboard reports that the " Scream " experience is both the estate and Shazam's first foray into the still-growing world of AR. These visuals will have their own Shazam scan codes to unlock an experience "inspired by the album's cover art".

30 September 2017
Harrison Ford Names His Favorite Blade Runner Cut
But Josh Dickey at Mashable sums it up like this: " Blade Runner 2049 is a sci-fi symphony". Check out the full review in the video above.

30 September 2017
'Blade Runner 2049' Review Round-Up: What The Critics Are Saying
Will any of these characters show up in Blade Runner 2049? "So much of what I had an ambition for seems to have been achieved". The news came hot on heels of the early praise that he received from the screening of his new movie " Blade Runner 2049 ".

30 September 2017
Switzerland Tests Delivery by Drone in Populated Areas
Consumers place orders for goods in the Siroop marketplace, and the merchant then loads the goods onto the drone. Mercedes-Benz hopes to bring this style of delivery to markets around the globe if the tests are successful.

30 September 2017
Harrison Ford Prefers Blade Runner's Final Cut
Brian Brosling Gosling steps into the lead role for Denis Villeneuve's "ravishing visual feast" sequel to Ridley Scott's sci-fi classic.

30 September 2017
Gov. signs executive order mobilizing resources for Puerto Rico
More than 1 million Puerto Ricans live in Florida, including almost 115,000 who live in Hillsborough County. Waiving the act means much-needed goods may be able to arrive more quickly to the island.

30 September 2017
Donald Trump blames John McCain's vote for Trumpcare bill's death
However, the senator sunk the so-called "skinny repeal" last month and planned to vote against the Graham-Cassidy bill this week. John McCain , distributing a video that showed the Arizona Republican on board with the mission in the past.