Tag Archives: Adjustable-Rate Mortgage

Mortgage application volume contracted by 2.9 percent from the week before, even while refinance volume continued to soar amid signs that more homeowners are seeking to take advantage of the Home Affordable Refinance Program. The Mortgage Bankers Association found in a weekly survey that mortgage loan application volume simultaneously went up 9 percent on a seasonally unadjusted basis. The trade group├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Purchase Index climbed by 17.1 percent but remains 4.3 percent lower than figures seen during the same week last year.

Interest rates for the benchmark 30-year fixed-rate mortgage plunged to 3.72 percent this week on new concerns about debt crises in Europe, according to real estate company Zillow. In releasing the Zillow Mortgage Marketplace, the Web site found that interest rates for the 15-year loan also fell to 3.01 percent, alongside 2.63 percent for 5-year and 1-year adjustable-rate mortgages. Mortgage rates remain low despite uplifting news from the continent, where 25 eurozone nations signed off on a new fiscal pact Monday.

Interest rates for mortgage loans went up for the first time in several months this week but remain near historic lows. Finance Web site Bankrate.com and mortgage giant Freddie Mac reported modest increases for mortgage rates across the board. Freddie Mac found the 30-year fixed-rate mortgage rising from an all-time low of 3.88 percent last week to 3.98 percent this week, far below 4.80 percent seen for the loan at the same time last year. Bankrate.com posted a similar increase from 4.18 percent last week to 4.25 percent this week. Europe's debt crises have helped keep rates low.

Mortgage application volume ticked down by 5 percent from the week before, with the refinance share of activity deflating sharply. The Mortgage Bankers Association adjusted the latest numbers to account for the Martin Luther King holiday in a Weekly Mortgage Applications Survey it released Wednesday. The refinance share of mortgage activity contracted by a sizeable 81.3 percent of total application volume, corresponding with a dip by 5.2 percent for the Refinance Index. Interest rates for mortgage loans by and large went up.

After falling to new lows last week, interest rates for 30-year fixed-rate mortgages climbed to 3.82 percent, real estate Web site Zillow said Tuesday. The Web site polled anonymous quotes from online users to release the latest Zillow Mortgage Marketplace, which it offers weekly. While the 30-year loan averaged 3.8 percent, the 15-year fixed-rate mortgage hovered around 3.12 percent. Mortgage rates have remained near all-time lows as investors continue to flee from European markets, which remain afflicted by concerns over their debt crises.

Interest rates for mortgage loans plunged to new lows Thursday, as debt crises in Europe continued to weigh heavily on investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released separate surveys signaling all-time lows for mortgage rates. For Freddie, the 30-year fixed-rate loan fell to 3.88 percent, down from 3.89 percent last week. Bankrate.com revealed rates for the 30-year mortgage staying the same at 4.18 percent. The 15-year fixed-rate mortgage went up a percentage point for Freddie, reaching 3.17 percent, up from 3.16 percent last week.

Mortgage application volume shot up 23.1 percent on a seasonally adjusted basis, largely on a refinancing surge that eclipsed averages year-over-year as investors frittered about Europe. The Mortgage Bankers Association reported the figures in its latest Weekly Mortgage Applications Survey. The trade group├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Market Composite Index, a measure of application volume, climbed 38.1 percent on a seasonally unadjusted basis from the week before. The Refinance Index accordingly reflected a 26.4-percent increase from the week before to the highest level seen since August last year.

Mortgage applications shot up 4.5 percent on a seasonally adjusted basis last week, above averages seen year-over-year but far below gains in overall volume that occurred over the last several months. Releasing the figures in a weekly survey Wednesday, the Mortgage Bankers Association reported mortgage application volume expanding 34.4 percent on a seasonally unadjusted basis. The refinance share of mortgage activity contracted to 80.8 percent of application volume.

Uncertainty in the markets helped ring in the New Year with record lows for mortgage rates, as concerns over debt crises and job growth lingered for wary investors. Finance Web site Bankrate.com and mortgage company Freddie Mac released their findings for mortgage rates Thursday in two separate weekly surveys. Bankrate.com reported interest rates for the 30-year loan hitting a record 4.18 percent this week, down from 4.21 percent last week. Freddie likewise found rates for the 30-year fixed-rate mortgage sliding from 3.95 percent last week to 3.91 percent this week.

Mortgage application volume fell 3.7 percent in mid-December, reflecting a rebound from sharper declines seen during the same time last year. The Mortgage Bankers Association reported the findings in releasing its Weekly Mortgage Applications Survey, which it adjusted to account for the holidays. The MBA├â┬ó├óÔÇÜ┬¼├óÔÇ×┬ós Market Composite Index, a measure of mortgage loan applications, saw total volume tick up by 39 percent ├â┬ó├óÔÇÜ┬¼├óÔé¼┼ô a higher number for the last few weeks of December 2011 on a year-over-year basis. Mortgage applications fell modestly in comparison last year.