A contact in Oregon reported a modest increase in building and selling activity due in part to lower mortgage rates, though a few other contacts observed a slight decline in building activity in some areas due to softer demand.
The 30-year fixed-rate average continued its downward path, dropping to 4.31 percent.
Mortgage application activity was virtually flat from one week earlier, down just 0.1%, although there was a huge gain in Federal Housing administration refinance volume, according to the Mortgage Bankers Association.
"The 10 year bond rate continues to fall, which lowers overall. Application Activity Flat; Purchase Apps Maintain Big Annual Edge. even if no one expected it to produce any fundamental.
Zoopla is showing 1 property in Elephant and Castle at £220,000 for a 1 bedroom flat. Even on a £50K salary you are going to need a deposit of £20K, and four times annual income.. House prices fell after the first interest rate rise in the late 80s so would have actually slowed both inflation and interest rate rises.. Even though that.
As we can see, the fed funds rate and the one-year Treasury rate track each other very closely. Although it is still debatable whether the Fed leads or follows the market, movements in the policy rate are associated with similar movements in short-term interest rates. 2 In contrast, the interest rate on a 10-year Treasury bond does not appear to move as closely with the fed funds rate.
MGIC beats expectations, but new insurance written underwhelms · The numbers beat the market’s expectations, and one expert points out the spring home-buying season is already off to a busy start.. mgic saw an increase of nearly 23% in the first quarter of 2017. New insurance written saw losses of nearly 30% from the last quarter, however it is still up from last year, and the company CEO explained this.
Meanwhile, even though rates moved. of total loan application volume – fell 2.4 percent from the previous week. The refinance index slid 1 percent, while the purchase index dropped 5 percent. The.
· According to Mr Goodall, the continued growth in property values is assisted by low mortgage interest rates. He said “Fixed mortgage rates are generally flat (even dropping slightly in recent weeks) and with the OCR set to remain on hold until late 2019, the lending environment looks stable for the foreseeable future.
market activity and comments; adds second byline and NEW YORK dateline) By Renita D. Young and Maytaal Angel NEW YORK/LONDON, May 31 (Reuters) – Gold prices were flat on Thursday even though the U.S..
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