MBA: Mortgage applications decline as economic uncertainty grows – The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA fell to 4.61% this week from 4.70% last week. The average contract interest rate for 15-year fixed-rate mortgages.
Mortgage Application Volume Makes a Return to Positive Territory – . FRM backed by the FHA had an average contract rate of 4.68 percent compared to 4.61 percent. Points rose to 0.58 from 0.53 and the effective rate also increased. The average contract interest rate.
When Is a 30-Year Fixed-Rate Mortgage a Bad Idea? – Back in 1954, the Federal Housing Administration (FHA) adopted the 30 year-fixed mortgage. its own but imagine if you decided to choose the 15-year mortgage and invested the savings. At an interest.
The average rate on a 30-year fixed-rate mortgage rose six basis points; the rate on the 15-year fixed also increased six basis points, and the rate on the 5/1 ARM fell three basis points.
Mortgage Rates Today | Refinance Rates | 30 & 15 Year. – Compare today?s mortgage and refinance rates from Citi.com. View current mortgage rates on 30 year and 15 year fixed mortgages. Get a customized rate and see more loan options.
FHA Requirements Mortgage Insurance (MIP) for FHA Insured loan. mortgage insurance is a policy that protects lenders against losses that result from defaults on home mortgages. FHA requires both upfront and annual mortgage insurance for all borrowers, regardless of the amount of down payment. 2019 mip rates for FHA Loans Over 15 Years
Are 15-year, fixed-rate mortgages a good choice for refinancing? They often are, especially for homeowners well along in an existing 30-year mortgage; these can be used to chop years off of a remaining mortgage term, and often at the same or even lower than their current monthly payment.
Slightly Higher Mortgage-Loan Rates Reduce Number of Applications – The average interest rate for a 15-year fixed-rate mortgage dropped from 3.53% to. Rates on a 30-year FHA-backed fixed-rate loan increased from 4.09% to 4.12%..
The average 15-year fixed mortgage rate is 3.20 percent with an APR of 3.39 percent. The 5/1 adjustable-rate mortgage (ARM) rate is 3.84 percent with an APR of 6.92 percent.
Mortgage Rates | FRED | St. Louis Fed – Category: Interest Rates > Mortgage Rates, 14 economic data series, FRED: Download, graph, and track economic data.. 15-Year Fixed Rate Mortgage Average in the United States . Percent, Weekly, 30-Year FHA Mortgage Rate: Secondary Market (DISCONTINUED) Percent, Monthly,
MBA: Mortgage Applications Rise 5.3% – . rate for 30-year fixed-rate mortgages backed by the FHA fell to 4.64% from 4.68%. Points for 80% LTV loans fell to 0.48 from 0.58, and the effective rate decreased from last week. The average.