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The 30-year fixed mortgage rate increased for the seventh-consecutive week, according to new data from Freddie Mac
The 30-year fixed mortgage rate increased for the seventh consecutive week, according to new data from Freddie Mac.   The 30-year fixed-rate mortgage (FRM) averaged 4.40 percent for the week ending Feb. 22, up from last week when it averaged 4.38 percent. A year ago at this time, the 30-year FRM... Keep Reading....
The 30-year fixed mortgage rate hit its highest level since December 2016 in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS)
The 30-year fixed mortgage rate hit its highest level since December 2016 in Freddie Mac’s latest Primary Mortgage Market Survey (PMMS).   The 30-year fixed-rate mortgage (FRM) averaged 4.32 percent for the week ending Feb. 8, up from last week when it averaged 4.22 percent. The 15-year FRM this... more
Refinances accounted for 15 percent of all closed loans for Millennial borrowers during December
Refinances accounted for 15 percent of all closed loans for Millennial borrowers during December, according to new data from Ellie Mae. This represents the highest percentage of refinances for this demographic since the 17 percent level set in February 2017. On the flip side, the percentage of... more
When it comes to paying a mortgage, more than half of consumers blame their late payments on a lack of funds, according to a survey conducted by ACI Worldwide and MasterCard Advisors
When it comes to paying a mortgage, more than half of consumers blame their late payments on a lack of funds, according to a survey conducted by ACI Worldwide and MasterCard Advisors.   In a poll of 400 consumers, 57 percent of respondents admitted that they did not have the money to cover their... more
There was a mild uptick in mortgage applications activity, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Feb. 2
There was a mild uptick in mortgage applications activity, according to new data from the Mortgage Bankers Association (MBA) covering the week ending Feb. 2.   The Market Composite Index saw a 0.7 percent bump-up on a seasonally adjusted basis from one week earlier, while the unadjusted index was... more