Average 30-year mortgage rate falls to 4.1% · PERT Florida Real Estate School

By Association News April 13, 2017 Uncategorized PERT-news ATTOM 1Q study finds the foreclosure crisis isn’t only over, about half of all U.S. metro areas have fewer at-risk homeowners than they did a decade ago, and “the number of local markets dropping below pre-recession levels continues to grow.”

1 percentage point = 100 basis points. Put another way, a basis point is 0.01. A mortgage point is 1% of the loan amount. Then there are mortgage rates, such as 3.125%, which could rise to 4.125% or fall to 2.125%. People generally lock when they are happy with the offered rate.

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If he is talking the 10-year yield at 6%, that would mean 30-year mortgage rates will go to 8% – 8.5%. Could happen! Doubt it. If it does, let’s hope it is because inflation has jumped from 2% today to 5% and we’re all getting incredibly rich owning assets.

Mortgage buyer Freddie Mac said Thursday that the average rate on 30-year, fixed-rate mortgages dropped to 4.52 percent from 4.55 percent a week ago. Rates have declined in five of the past six weeks.

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the Company had outstanding repurchase obligations of approximately $200.4 million with a net weighted average borrowing rate of 2.56%. These agreements were collateralized by MBS with a fair value,

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"Average long-term mortgage rates fell this week amid continued turbulence in global stock markets. It was the second straight weekly decline for the rate on the key 30-year loan. Freddie Mac said Thursday the average rate on a 30-year fixed rate mortgage dipped to 3.92% from 3.97% a week earlier.

Real Estate; Average US rate on 30-year mortgage falls to 3.79 percent. the average 30-year mortgage rate was 3.82 percent, while the rate for 15-year loans was 3.08 percent.. The Seattle.

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