The Federal Housing Finance Agency announced Tuesday that interest rates on conventional purchase-money mortgages fell even further below 4 percent in October.
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Mortgage Rates Down Following Crisis in Greece
The 30-year fixed mortgage rate has dropped five points from last week, following the widespread crisis in Greece. According to Zillow Mortgages, the current rate is 3.88 percent. It rose to 3.97 percent on Wednesday and stayed there throughout the holiday weekend, then fell to the current rate early this week.
Read More »Mortgage Applications Increase, According to Survey; Rates Inch Closer to 4 Percent, Zillow says
Mortgage applications increased by 8.4 percent for the week ending June 5, 2015 from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey. Last week’s data included an adjustment due to the Memorial Day holiday.
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