Rates Decline Amid Fed Hike
The slight hike of last week has rescinded a bit, with popular mortgage options dropping a few basis points
The slight hike of last week has rescinded a bit, with popular mortgage options dropping a few basis points
Following weeks on the decline, mortgage rates rose for the week ending Dec. 9
Applications fell 1.9 percent from the week prior, accounting for the Thanksgiving holiday
The average 30-year fixed mortgage rate is down 26 basis points compared to one week ago
The refinance share of mortgage activity decreased to 26.1 percent of total applications from 28.4 percent the previous week
Demand was up headed into last week’s holiday as purchase and refi rates continued to fall
Notable mortgage and refi rates moved down this week, though another rise is anticipated by year’s end…
The decline continued, albeit at a slower pace than the past few weeks…
Both 15-year fixed and 30-year fixed refinances also saw their mean rates drop significantly
The 30-year fixed rate remained above 7 percent for the third consecutive week
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