Mortgage interest rates slide in FHFA December index

Nationally, interest rates on conventional purchase-money mortgages decreased from December to January, according to several indices of new mortgage contracts. The National Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.60 percent for loans closed in late January, down 23 basis.

HSH's annual outlook for mortgage rates, the Fed, home sales, home prices, a messy brexit process, sliding oil prices and rumblings from the Fed that seem to. For 2019, the prospects for higher interest rates still remain greater than those for. turned 180 degrees from when we wrote this Outlook in December 2018.

Interest rates on mortgages dropped below 4% according to the latest FHFA index. In The News: Housing Wire – "Mortgage interest rates slide in FHFA December Index" (1-29-15)

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The average contract interest rate for 30-year fixed-rate mortgages decreased to 4.96 percent, the lowest level since September. December may be. according to the Mortgage Bankers Association’s.

The effective interest rate on all mortgage loans was 4.15% in December, down 1 basis point from 4.16% in November. The effective interest rate accounts for the addition of initial fees and.

Separately, the Federal Housing Finance Agency (FHFA) reported the average interest. Average Contract Mortgage Rate for the Purchase of Previously Occupied Homes by Combined Lenders Index was 4.83.

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Inflation in the US in December 1969 – the last time America had a jobless rate of 3.6 per cent – was 5.5 per cent. On Friday the US Labor Department reported a 2 per cent rise in the consumer price.

Mortgage Rate Trend Index: Aug. 15, 2018. This week (Aug. 15-21), some 22 percent of panelists believe mortgage rates will rise over the next week or so; 11 percent think rates will fall; and some 67 percent believe rates will remain relatively unchanged (plus or minus 2 basis points). Calculate your monthly payment using Bankrate’s mortgage calculator.

15 hours ago. As mortgage rates head south again, mortgage applications are retreating and. Interest rate declines can help ease affordability woes, but rising home prices and considerable. Mortgage applications continue modest slide.

Since December, mortgage rates have decreased to 12-month lows. Now let’s turn to the national Case-Shiller index (blue) and the FHFA house price index (green), both of which showed continued.