Mortgage Rates Drop Slightly

WASHINGTON (AP) â” U.S. long-term mortgage rates were flat to slightly higher this week. on the 10-year Treasury note fell to 2.01% from 2.06% late Tuesday, a sharp drop that likely will be.

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But this year, a sharp drop in mortgage rates has not provided much of a lift, All of which gives a bit of gas to the American economic engine.

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The 15-year FRM averaged 3.56% this week, slightly increasing from last week’s 3.57%. This time last year, the 15-year FRM was much higher coming in at 3.87%. Lastly, the five-year Treasury-indexed.

Check the most current mortgage rates when choosing your mortgage.. with scores below 740 will pay home loan rates that gradually increase as scores decline.. Over longer periods of time, mortgage loan rates can change quite a bit.

The drop in mortgage rates continues to stimulate the real estate market and the economy. Home purchase demand is up five percent from a year ago and has noticeably strengthened since the early summer months, while refinances surged to their highest share in three and a half years.

Other mortgage rates in our survey were unchanged or slightly higher than in the previous week." The refinance share of mortgage activity fell to 48.7%, down from 51.0% the previous week. The.

Mortgage Rates Drop Slightly. July 16th, 2009 | Loans, Mortgage Rates | Freddie Mac published their Weekly Primary Mortgage market survey today. The survey shows mortgage rates moved down again with an average 30 year fixed rate home loan priced at 5.14%.

Rates for 30-year fixed mortgages have fallen below 4% in recent.. It was slightly above the market rates at the time because they used a.

The 30-year fixed mortgage averaged 4.07 percent for the week ending May 16, down from 4.10 percent the previous week.

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6 days ago. That is because mortgage rates are lower – should you refinance.. Can you drop it by at least 2.000%? If your current rate cannot be lower,

Mortgage rates inch up slightly – Freddie. HomeNews. by duffie. related stories: mortgage rates drop, but are Americans ready to dive in?

Viewing today’s mortgage rates in context. Mortgage rates are near historic lows, but maybe you’ve heard that nagging voice, the one which says "wait just a little longer. Rates can drop.

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