cut for consumers, which would tend to lead to stronger economic growth. The decline in interest rates has pushed mortgage rates below 4% for the first time in a year, allowing 70% of mortgage holders to potentially qualify for refinancing
September after a decline during the previous month. Mortgage rates remain highly affordable when compared to historic ..... remains robust as easier credit availability and low mortgage rates have helped sustain demand. The International Monetary Fund
middle of the housing bust. More recently, the index spiked to 110 a year ago as buyers rushed to close deals before mortgage rates went higher. Immediately before the spike in rates, the index was right around 105, just about where we are now
be boosted going forward by lower energy prices and the recent drop in interest rates, which has pushed 30-year mortgage rates back down to 4%. These developments, coupled with stronger economic growth in the second half, suggest that consumer
DUBLIN, Oct 30 (Reuters) - Allied Irish Banks cut its mortgage rate by 0.25 percentage points on Thursday, bucking a trend of lenders not passing on rate cuts as the country's housing market heats...
this week), and continued low mortgage rates point to more improvements in ..... rush to close home sales before mortgage rates moved higher. September 2013 ..... shift to purchases. Second, mortgage rates are again on the decline, which
acquisition, sales absorption paces per community expanded by only 5% from year ago levels on a very easy comparison since third quarter 2013 orders were low following the one percentage point increase in mortgage rates over the summer.
of $20.70, up 17% from year-ago levels, on a 1% revenue decline. Recall that homebuyers rushed to lock in mortgage rates in mid-2013 as rates quickly made a 100-basis-point ascent beginning in May from historically low levels. This
Yesterday and thru this morning (at least), 15-year mortgage rates for the best credit customers with 25%+ down payment, hit 2.875%. Of course, that might be a pittance savings compared
improvement, and on houses themselves. There was a big pause in the housing sector, starting with the summer of 2013 when mortgage rates and home prices increased. That appears to be fading. The housing market is still quite affordable. What’s your outlook