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World News Story: Mortgage Requests Rise as Rates Near 10-Month Low

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Still, mortgage applications have increased in each of the last three weeks, according to the Mortgage Bankers Association. Mortgage rates track with the benchmark 10-year Treasury yield TMUBMUSD10Y, -0.51% , which touched its highest since July 2014 in the last week.

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

Brexit: UKThe prospect of an interest rate rise at some point. consumer confidence and low mortgage rates. On a quarterly basis, house prices in the three months to August were 3% higher than in the three.

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The other mortgage rates that MBA tracks were unchanged to 8 basis points higher on the week. "Most rates remained close to 10-month lows, which allowed some borrowers with an incentive to.

The Bloomberg survey median called for a 500,000 rate. For all of 2015, purchases of new properties climbed 14.6 percent to 501,000. Employment gains and attractive mortgage rates combined to. rate.

Yeshiva world news. home; coffee room. signaling that low mortgage rates may spark a sustained turnaround for the housing market.. Users of Amazon’s Alexa digital assistant can now request.

Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates tend to fall.

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Mortgage Requests Rise as Loan Rates Hold Near 10-Month Low; The Washington-based industry group said its seasonally adjusted gauge on loan requests to buy a home and to refinance one rose 3.6 percent to 365.3 in the week ended Feb. 15. The prior week’s reading was the lowest in a month.

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Brokers predict that five-year and 10-year fixes could increase by 0.25 of a percentage point, while lenders keep two-year fixed rates low for longer to boost trading in the last few weeks of the.

The average interest rate for 30-year fixed-rate mortgages with conforming loan balances climbed to 3.94% from the prior week’s 3.90%, which was the lowest since November 2016.