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Weekly mortgage applications fall as interest rates rise to highest level in a month

Bankrate.com, which puts out a weekly mortgage rate. also expanded last month, with the jumbo index increasing again to its highest level since the survey began.” More Real Estate: Mortgage rates.

U.S. homebuilders are loving today’s lower mortgage rates, which are bringing buyers back and boosting sales. Load Error.

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Mortgage rates took a big jump this week, to their highest point in a year. There’s no single explanation for the rise. The benchmark 30-year fixed-rate mortgage rose 35 basis points, to 6.77.

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Mortgage application volume fell 0.5 percent last week from the previous week. Weekly mortgage applications fall as interest rates rise to highest level in a month Home

Mortgage rates this week. At the current 15-year fixed rate, you’ll pay $745.21 each month for every $100,000 you borrow, down from $747.23 last week. At the current 5/1 ARM rate, you’ll pay $484.36 each month for every $100,000 you borrow, down from $487.27 last week.

Mortgage Applications Fall as Rates Rise to Highest Level in Month. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) increased to 4.11 percent from 4.04 percent. The average contract interest rate for 15-year fixed-rate mortgages increased to 3.38 percent from 3.35 percent.

Mortgage applications, fueled by an uptick in refinancings, increased for the first time in more than a month as key interest rates fell to three-year lows, the Mortgage Bankers Association reported this morning in its Weekly Mortgage Applications Survey for the week ending August 2.

Mortgage rates continued to fall in the week ending 10 th January. reversing the week of 27 h ‘s decrease from 43.6% to 42.7% to hit the highest level since Feb-18. According to the MBA, mortgage.

Interest rates for home loans appear to be on the climb again, and that may in fact be what’s getting borrowers back to their brokers-fear that rates could move significantly higher in the coming months. Total mortgage application volume increased 1.6 percent last week compared with the previous week, according to the Mortgage Bankers Association’s [.]

Mortgage Rates Maintain downward trend. mortgage rates inched backward this week to their lowest level since mid-April. Backed by very strong consumer spending, the economy is red-hot this month, which is in turn rippling through the financial markets and driving equities higher. Unfortunately, the same cannot be said about the housing market,