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adjustable-rate mortgage (ARM)

Zillow: Fixed-Rates Drop Down to Near Four Percent

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.04 percent, up seven basis points from this time last week. The 30-year fixed mortgage rate steadily rose last week, peaking at 4.17 percent on Monday before easing back down to the current rate on Tuesday.Click to continue

Zillow Indicates 30-Year Rates Down Around Eight Basis Points

Home Sale/Credit: Comstock

The 30-year fixed mortgage rate on Zillow Mortgages is currently 3.97 percent, down eight basis points from this time last week. The 30-year fixed mortgage rate hovered between 3.96 and 4.08 percent for the majority of the week, before settling at the current rate on Tuesday.Click to continue

Zillow: Slight Rise in Fixed-Rate Mortgages

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The 30-year fixed-rate mortgage (FRM) on Zillow Mortgage Marketplace is currently 4.05 percent, up two basis points from this time last week. The 30-year fixed mortgage rate hovered between 4.02 and 4.08 percent for the majority of the week, dropping below four percent on Friday before rising to the current rate this morning.Click to continue

Cantor Fitzgerald Announces MBS Team Expansion

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Cantor Fitzgerald & Co. announced the expansion of its mortgage-backed securities (MBS) sales and trading team with the appointments of Cass Tokarski as senior managing director and head of mortgages and asset-backed securities, and James Murray as managing director, who are both joining from RBS. Tokarski will be responsible for broadening and expanding Cantor's already significant presence in the business. Murray will be focusing on agency ARM (Adjustable-Rate Mortgage) trading.Click to continue

Zillow Reports 0.25 Increase in 30-Year Fixed Rates

Home for Sale Credit: Jupiterimages

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 4.03 percent, up five basis points from this time last week. The 30-year fixed mortgage rate steadily increased last week, spiking to 4.26 percent on Friday before declining to the current rate over the weekend.Click to continue

Rising Job Numbers Plus Unchanged Mortgage Rates Equals … What?

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New data on job creation and average fixed mortgage rates were simultaneously released today by the U.S. Bureau of Labor Statistics (BLS) and Freddie Mac. While this data was not intentionally timed to be released on the same day, the announcements offered a new affirmation on the overlap between the job market and the housing market.Click to continue

Zillow: Mortgage Rates Remain Flat Overall for the Week

For Sale Sign/Credit: Medioimages/Photodisc

The 30-year fixed mortgage rate on Zillow Mortgage Marketplace is currently 3.98 percent, down five basis points from this time last week. The 30-year fixed mortgage rate hovered around four percent for the majority of the week, before dropping slightly to the current rate on Tuesday morning.Click to continue

Can Millennials and Jumbos Drive the Mortgage Market?

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Three new reports issued today offer a mix of different emotions on the state of housing and the mortgage market, with an affirmation of current problems and a forecast for a much brighter tomorrow. However, some industry experts point to a XL-sized non-agency product as being the latest tool to help drive activity.Click to continue

Housing Market Showing Signs of Stability Amid Still Uneasy Economy

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A pair of new reports issued today—Freddie Mac’s Primary Mortgage Market Survey (PMMS) and Zillow’s first quarter overview on all-cash purchases—offered a view that might suggest housing is showing evidence of stabilizing, even if the economy is still wobbling about. According to Freddie Mac, the 30-year fixed-rate mortgage (FRM) averaged 4.17 percent with an average 0.6 point for the week ending June 19, down from last week when it averaged 4.20 percent. A year ago at this time, the 30-year FRM averaged 3.93 percent.Click to continue