Mortgage interest rates slide in FHFA December index

The Federal Housing Finance Agency (FHFA) has reported that the National Average contract mortgage rate for the Purchase of Previously Occupied Homes by Combined Lenders, used as an index in some adjustable-rate mortgage (ARM) contracts, was 4.22 percent based on loans closed in November.

Mortgage interest rates rose in December. of the mortgage. The FHFA report also showed that the average loan amount in November was $319,800 and went down in $1,800 in December to $318,000. The.

Freddie Mac’s weekly report covers mortgage rates from the previous week, but interest rates change daily – mortgage rates today may be different than reported. To find out what rates are currently available, compare quotes from multiple lenders .

Mortgage rates bounced around this week but ultimately finished out the day about where they started. Rates are expected to continue rising as we move through 2018, so anyone looking to purchase a home or refinance should take action soon.. Current Mortgage Rates for Friday, January 26, 2018.

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Mortgage Rates Decreased in January 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.

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The Mortgage Bankers Association (MBA), in its last report of the year, said that its Market Composite index. average contract interest rate for 15-year fixed-rate was 4.37 percent compared to 4.41.

Purchases reached a 5.39 million annualized pace in July and August, a four-year high, before a jump in mortgage rates hurt demand. The median forecast of 76 economists in a Bloomberg. to the.

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Wells Fargo loosens jumbo mortgage standards The financial service company has relaxed its lending standards on mortgages. to reuters. wells fargo (wfc) lowered the minimum credit score required for high-priced, fixed-rate home loans to 700.

so the drop in mortgage rates should stem or even reverse the slide in home sales that occurred during the second half of 2018.” Separately, the Federal Housing Finance Agency (FHFA) announced that.

Mortgage interest. rose from December 2016 to January 2017, with the National Average Contract Mortgage Rates for the Purchase of Previously Occupied Homes by Combined Lenders Index at 4.22 percent.