Lowest mortgage rates in a month barely boost weekly applications, up 0.4%

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In the meantime, rising home prices put a damper on home loan activity, according to the Mortgage Bankers Association weekly report. Overall, mortgage loan applications. slightly – 0.4% – to a.

Purchase index was down 1% on top of a 4% weekly decline. On the positive side, yearly purchase applications growth was a strong 9%. In the week of June 27 th, the average 30 year fixed mortgage rate fell 11 basis points to a new 2019 low. It is at 3.73% which is the lowest reading since November 10 th, 2016.

Weekly national mortgage survey. After dropping for four weeks in a row, fixed rates have reached their lowest since Bankrate’s Dec. 1 survey, when the benchmark 30-year fixed was 4.71 percent. "There seems to be a lot of forces coming together to keep rates low," says Dan Green of Waterstone Mortgage in Cincinnati.

 · This week, the 30-year fixed rate barely budged, rising just one basis point to 3.42 percent. This pattern suggests that mortgage rates are likely to remain low throughout the summer.”

Growing concerns about weak economic growth and Fed’s indication of delaying rate hikes, plummeted the mortgage rates to the lowest levels in 16 months. Mortgage Banker’s Association (MBA) reported the decline in rates across the board in its latest weekly mortgage applications survey released today. See the results below.

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Mortgage rates benefited from a "flight to safety. Gold prices are higher too – up 1.09% at $1,431.70 per ounce. Analysts say equities could also be receiving a nice boost from AT&T’s surprise move.

Freddie Mac’s Mortgage rate survey explained. Research Note: Freddie Mac’s Primary mortgage market survey (PMMS) is the longest running weekly survey of mortgage interest rates in the United States. Since Freddie Mac launched its survey in 1971, others have begun collecting and reporting mortgage rate information.

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Mortgage rates improved today. The bonds that most directly affect rates got a boost from stock market weakness. while rates have adhered to this range for 2 months now, the visits to the lowest.

The Mortgage Bankers Association (MBA) today released its Weekly Mortgage Applications. year rate observed in the survey since April 2010. The effective rate also increased from last week..