Fox Business - The Power to Prosper
Search Site

Mortgage Bankers Association

Mortgage Rates Rise for the 3rd Week in a Row

Mortgage rates jumped for the third consecutive week. This time, you can blame the Federal Reserve, which unintentionally spoiled the chances of rates falling back to historic lows again.The benchmark 30-year fixed-rate mortgage rose to 3.74%, compared with 3.71% last week, according to the Bankrate.com national survey of large lenders. The mortgages in this week's survey had an average total of 0.32 discount and origination points. One year ago, that rate stood at 3.97%. Four weeks ago, it was 3.57%.The 30-year fixed remains lower than this year's record high of 3.85%, reached March 13.The benchmark 15-year fixed-rate mortgage rose to 2.97% this week, compared with 2.92% last week, and the benchmark 5/1 adjustable-rate mortgage rose to 2.7% from 2.68%.Weekly National Mortgage SurveyResults of Bankrate.com's May 22, 2013, weekly national survey of large lenders and the effect on monthly payments for a $165,000 loan:  30-year fixed 15-year fixed 5-year ARM This week's rate: 3.74% 2.97% ...

Read More

  1. U.S. Mortgage Applications Up 2%

    The total number of mortgage applications filed in the U.S. last week rose 2% from the prior week as several interest rates slipped, the Mortgage Bankers Association...

  2. Five Housing and Mortgage Trends this Spring

    5 Housing and Mortgage Trends in Spring 2013Homeowners who endured years of declining home values will discover that the game has changed in their favor.With low mor...

  3. Paying the Mortgage by Passing the Buck

    Mark Mangum, who lives deep in the heart of Texas football country, has found a way to capitalize on his location. He periodically rents his house to football fans, ...

  4. Mortgage Rates Barely Fall, Remain Rangebound

    Mortgage rates remained essentially unchanged this week, or "rangebound," to use a little mortgage industry-speak, as U.S. economic conditions continued to be stable...

  5. What to Expect When Refinancing

    The Mortgage Bankers Association is forecasting that mortgage rates will rise throughout 2013 — up to 4.4% by the fourth quarter, from a current rate of 3.4% for a 3...

  6. U.S. Mortgage Applications Up 5% Last Week

    The total number of mortgage applications filed in the U.S. last week rose 5% as several interest rates fell to their lowest level since January, the Mortgage Banker...

  7. U.S. Mortgage Applications Slip 4% Last Week

    The total number of mortgage applications filed in the U.S. last week fell 4% even as interest rates generally declined, the Mortgage Bankers Association said Wednes...

  8. Mortgage applications rebounded last week as rates fell: MBA

    Applications for home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, data from an industry group showed on Wednesday....

  9. Mortgage Applications Rebound as Rates Fall

    NEW YORK, March 27 (Reuters) - Applications for U.S. home mortgages rebounded last week as interest rates pulled back for the first time in three weeks, data from an...

  10. U.S. Mortgage Applications Down 4.3%

    The total number of mortgage applications filed in the U.S. last week slipped 4.3% as interest rates increased, the Mortgage Bankers Association said Wednesday.The r...

  11. U.S. Weekly Mortgage Applications Up 15%

    The total number of mortgage applications filed in the U.S. last week climbed 15% as interest rates fell, the Mortgage Bankers Association said Wednesday.The refinan...

  12. Will Fannie and Freddie’s Securitization Firm Be Bad for Borrorwers?

    Mortgage Bankers Association Chief Economist Jay Brinkmann on the impact of Fannie Mae and Freddie Mac’s securitization firm on home loan borrowers and taxpayers.

  1. Pfizer to Split Off Rest of Zoetis Animal Health Business

    FBN's Diane Macedo breaks down late-morning market news.

  2. U.S. Mortgage Applications Down 10%

    The total number of mortgage applications filed in the U.S. last week fell 10% from the prior week as mortgage rates rose to their highest level since March, the Mor...

  3. Homebuilder Confidence Improves

    FBN's Diane Macedo breaks down late-morning market news.

  4. U.S. Mortgage Applications Down 7.3% Last Week

    The total number of mortgage applications filed in the U.S. last week fell 7.3% from the prior week as several interest rates declined, the Mortgage Bankers Associat...

  5. Delinquency rate rises, but inventory eases in Q1: MBA

    The delinquency rate on U.S. home mortgages rose in the first quarter as more homeowners fell behind on payments for the first time, data from an industry group show...

  6. U.S. Mortgage Applications Up 7% Last Week

    The total number of mortgage applications filed in the U.S. last week rose 7% from the previous week as several interest rates increased, the Mortgage Bankers Associ...

  7. U.S. Mortgage Applications Up 7% Last Week - MBA

    The total number of mortgage applications filed in the U.S. last week rose 7% from the previous week as several interest rates increased, the Mortgage Bankers Associ...

‹ Prev12345Next ›
Freebase CC-BY
Source: Mortgage Bankers Association on Freebase, licensed under CC-BY
Other content from Wikipedia, licensed under the GFDL