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adjustable-rate mortgage (ARM)

Mortgage Apps Dip Slightly as Refis Level Off

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Mortgage applications decreased 0.2 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) Weekly Mortgage Applications Survey for the week ending Sept. 26, 2014.Click to continue

Mixed Housing Data Causes Slight Rise in Rates

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Freddie Mac has released the results of its Primary Mortgage Market Survey (PMMS), showing average fixed-rate mortgages (FRMs) easing slightly from the previous week amid mixed housing data. The 30-year FRM averaged 4.20 percent, with an average 0.5 point for the week ending Sept. 25, 2014, down from last week when it averaged 4.23 percent. A year ago at this time, the 30-year FRM averaged 4.32 percent. The 15-year FRM also averaged 3.36 percent with an average 0.5 point, down from last week when it averaged 3.37 percent. A year ago at this time, the 15-year FRM averaged 3.37 percent.Click to continue

Zillow Reports Mortgage Rates Hold Steady Amid Fed Announcements

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The 30-year fixed-rate mortgage (FRM) as reported by Zillow Mortgages is currently at 4.13 percent, down six basis points from this time last week.Click to continue

Which Way is Housing Really Moving?

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The progress of the housing market appeared to continue on a two-steps-forward/one-step-back trajectory, with forward-looking news of the Federal Reserve’s decision to finally move away from tapering and a rise in average fixed mortgage rates coupled with a housing starts data that saw a double-digit percentage drop.Click to continue

Mortgage Rates Rise Upon Release of Economic News

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.19 percent, up 14 basis points from this time last week. The 30-year fixed mortgage rate rose steadily last week, peaking at 4.30 percent on Sunday before easing down to the current rate.Click to continue

Fixed-Rates on Upward Trend Over Last Week

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Rates on the most popular types of mortgages moved slighty higher according to HSH.com's Weekly Mortgage Rates Radar. The average rate for conforming 30-year fixed-rate mortgages (FRMs) rose by four basis points (0.04 percent) to 4.19 percent, returning to levels seen two weeks ago. Conforming 5/1 Hybrid ARM rates increased by three basis points, closing the Wednesday-to-Tuesday wraparound weekly survey at an average of 3.17 percent.Click to continue

Zillow: Fixed-Rates Up Over Last Week

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The 30-year fixed-rate mortgages (FRMs) on Zillow Mortgages is currently 4.05 percent, up nine basis points from this time last week. The 30-year fixed mortgage rate gradually increased last week, peaking at 4.19 percent on Saturday before coming down to the current rate.Click to continue

Zillow Reports Fixed-Rates Down

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.96 percent, down 12 basis points from this time last week. The 30-year fixed mortgage rate hovered around four percent for most of last week, peaking at 4.09 percent on Monday before easing back down to the current rate on Tuesday.Click to continue

Rates Begin to Level on Zillow Marketplace

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.08 percent, up two basis points from this time last week. The 30-year fixed mortgage rate rose early last week, peaking at 4.23 percent on Wednesday before falling to the current rate on Tuesday.Click to continue