Fixed mortgage rates continue their slide, falling for the fourth week in a row

It wasn’t just one thing “The S&P is up six months in a row now and October. coming as 30-year fixed mortgage rates reach a 5-handle’ — we’d expect the two parties to find it hard to leave the.

Mortgage rates declined for the fourth week in a row, falling to their lowest levels of the year. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average.

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Freddie Mac today released the results of its Primary Mortgage Market Survey , showing average fixed mortgage rates falling for the third consecutive week amid declining consumer confidence and.

A new report released Thursday by Freddie Mac shows that weak economic data has caused mortgage rates to fall just one week after fixed rates spiked to the highest point in two months. The average 30-year fixed-rate fell to 4.22% with an average 0.7 point, down from 4.35% just one week.

The drop in mortgage rates continues to stimulate the real estate market and the economy. home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years.

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We’re sloughing away now, and it can be a long slide. falling to their lowest measurement since July 2012. New home sales also dropped (-6.9% MoM, compared to an anticipated drop of -2.2%) just as.

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The average contract interest rate for 15-year fixed-rate mortgages decreased to 3.78 percent from 3.87 percent. Refinancing still remains well below historic highs after falling to an 18-year low last year, when mortgage rates rose above 5 percent, Reuters reported.

Last week I also mentioned current business conditions for mortgage bankers and brokers. One wrote, "If a wholesale company, calling on brokers, doesn’t have substantial volumes coming in their door,

Mortgage application volume decreased for fourth consecutive week, falling 4.3% despite a drop in the average rate for a 30-year fixed rate mortgage to 4.42% from 4.46%, according to the Mortgage Bankers Association’s (MBA) Weekly Applications Survey.