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adjustable-rate mortgage (ARM)

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

Zillow: Mortgage Rates Remain Slightly Above Four Percent Mark

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.06 percent, down two basis points from this time last week. The 30-year fixed mortgage rate hovered around 4.08 percent for the majority of the week, falling to 3.97 percent on Friday before returning to the current rate.Click to continue

Zillow Reports Fixed Rates Still Hovering Around the Four Percent Mark

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The 30-year fixed-rate mortgage (FRM) on Zillow Mortgages is currently 4.08 percent, up five basis points from this time last week. The 30-year fixed mortgage rate hovered around 4.10 percent for the majority of the week, peaking at 4.17 percent on Thursday before easing back down to the current rate.Click to continue

Can Any Profit Be Made in Today’s Mortgage Marketplace?

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The latest mortgage data is not much different from data released in recent weeks, and this raises a thorny question: How is it possible for mortgage professionals to generate profits in such an inert climate? The answer, according to industry leaders, is an old-fashioned combination of focus and planning.Click to continue

Zillow Reports Fixed-Rates Remain Steady for the Week

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The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.03 percent, down one basis point from this time last week. The 30-year fixed mortgage rate spiked early last week, peaking at 4.23 percent on Thursday before easing back down to the current rate on Friday.Click to continue