Published: March 10, 2005
Refinance Rates Start to Creep Up According to Freddie Mac, long-term mortgage rates have gone up again.
Locking in a low rate now is imperative if borrowers want to take advantage of the still low rates that are currently available.
Freddie Mac has reported that 30-year fixed mortgages are averaging 5.79% and 15-year fixed mortgages are at 5.33% as of March.
This is up from up from 5.62% & 5.14, respectively, in February.
5-year adjustable rate mortgages (Treasury-indexed hybrid) were averaging 5.17% (with 0.8 points), up from 5.05% .
1-year adjustable rate mortgages (also averaging 0.8 points) dropped to 4.14% form 4.16% in the same time period.
This is the second week in a row that... (read entire article)
Monday, May 6, 2004:
Mortgage applications have been rising as rates decline, according to
Mortgage Bankers Association, an industry trade group.
Their adjusted market
index indicates that mortgage activity is up 4.4%.
The refinancing index rose last week after dropping the previous five weeks.
Last week there was a change up by 4.7 %.
This rebound in more loan applications likely came from... (read entire article)