Tag Archives: Mortgage Rates

Average fixed mortgage rates declined this week, nearing this year’s lows as well as record lows after nudging slightly higher for three consecutive weeks.

Mortgage rates have been hovering near historic lows for the past several months, which seems to have had a positive effect on new home sales. But have the low rates translated to an increase in homeownership?

Last month’s historic Brexit vote drove mortgage rates down near historic lows and brought a flurry of refinancing activity. According to Freddie Mac, however, the post-Brexit volatility is tapering off.

After a short ride on the rollercoaster triggered by June’s Brexit vote, mortgage rates have steadied and applications are up.

While U.S. economists debate how a set of troubles playing out overseas will affect the American mortgage market, Kroll Bond Rating Agency predicts that these troubles will probably not bring the refinancing volume some might think.

Recent international market blockbusters like China’s slowing economy and the U.K.’s decision to leave the European Union were significant enough for Freddie Mac to revise what it had expected to happen in the U.S. economy.

The current 30-year FRM average rate is only 10 basis points higher than its all-time low; Freddie Mac attributed this to continued fallout from the U.K.’s Brexit vote two weeks ago.

One week after the controversial Brexit vote, some in the industry can already see how the vote affected rates, which may in turn affect housing demand.

Fixed-rate mortgages are dropping in the wake of the U.K.’s Brexit vote, with 30-year mortgages hitting a three-year low this week.

Low mortgage rates are taming rapidly rising house prices and keeping homeowners from overleveraging themselves, according to Freddie Mac.