Mortgage rates tumble to 10-month low Mortgage rates are likely to pause while the financial markets try to sort out where the economy is headed. By Kathy Orton The Washington Post
For loans with lower down-payment requirements, explore government-backed mortgages like VA loans and FHA loans or speak to your Mortgage Loan officer about other options that may be available. Credit history – Conventional loans are a good choice for borrowers with very good credit, which generally means a FICO score of 740 or higher.
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– Reverse Mortgage Volume Tumbles to New 2016 Low in July-After a slight bump in HECM endorsements in June, industry volume tumbled once again-this time to the lowest level seen this year thus far. In July, HECM endorsements totaled 3,534 loans, a decrease of 6.3% from the previous month.
After falling eight straight weeks, mortgage rates were poised to rise. Then Ben Bernanke gave a speech that led to a rate drop.. Mortgages tumble to 7-month low. Polyana da Costa @Polyanad .
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According to the Mortgage Bankers Association 4Q 2016 commercial real estate loan originations survey, mortgage originations related to discretionary segments of the economy are in complete free fall with retail and hotel volumes down 19% and 39%, respectively.
· Having fallen below its 2016 cap of $339.3 billion in March, Fannie Mae’s gross mortgage portfolio contracted further in both April and May, shrinking at an annual rate of 32.0 percent in May.
· Mortgage rates tumble as concerns over trade and the economic outlook drove demand for U.S Treasuries. More mortgage rates fell for a 6 th consecutive week in the week ending 6 th June. 30-year fixed rates slumped by 17 basis points following on from a 7.
August saw the housing market take a small tumble as all three sales. according to the latest data from the Mortgage Bankers Association. The market composite index – a measure of total loan.
· In fact, rates have continued to rise over the last week, putting pressure on mortgage application volume. Last week it fell to the lowest level in four years, as rates hit an eight-year high.
Q1 Mortgage Volume Tumbles, 2 New Top. Stocks slip as strong jobs report dims hopes for an interest-rate cut – The major indexes headed lower from the get-go Friday, a tumble that briefly knocked 230 points off the. or 0.2%, to 1,575.