World News Story: Mortgage Requests Rise as Rates Near 10-Month Low

Mortgage Requests Hit 2-month Peak as Loan Rates Fall; The Washington-based industry group’s seasonally adjusted index on mortgage activity edged up 1.6 percent to 390.0 in the week ended March 15. This was the highest reading since 400.6 in the week of Jan. 18.

Historically low rates spurred auto purchases, making us Riders of Rohan, racing across the plain on our fresh swift horses. In addition, low rates such as my 15-year mortgage. requests that come.

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It’s important, however, to understand the specific loan quote you are receiving. One lender may offer you a low pie-in-the-sky introductory rate that will eventually give way to a much higher regular rate. Make sure you compare apples to apples. By using the Internet to find your mortgage.

Markets continue to focus on current low inflation rates, but with the labour market tightening and the growth story looking ok the. switched from a 0.3% rise to a 0.4% fall, dragging it to yet.

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The median price for single-family homes in Massachusetts rose to $313,000 in April, a near 14 percent increase compared. warren jr., chief executive of The Warren Group. “Low mortgage rates and.

The gauge of loan requests for home purchases, a leading indicator of home sales, fell 3.8 percent. The survey covers over 75 percent of U.S. retail residential mortgage applications, according to MBA.

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The study found that a ¼-point interest rate increase may seriously impact 15% of the population that currently has a variable-rate mortgage, a line of credit, or both. These consumers would see a $50 or more increase in their monthly payments.

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