Despite. market is especially evident in what’s often called the “real” unemployment rate. The so-called U6 rate includes people who can only find part-time work and those who’ve gotten so.
"Accordingly, mortgage rates are at the highest levels in nearly seven years." Meanwhile, mortgage applications declined last week, according to the latest data from the Mortgage Bankers Association. The market composite index – a measure of total loan application volume – decreased 2.7 percent from a week earlier.
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Despite an escalating trade battle between the United States and China that has sparked stock market gyrations over the past week, mortgage rates remain flat – continuing to hover slightly below their highest levels in years.
The average rate on a 5-year adjustable rate mortgage moved up seven basis points to 3.74% (0.07 points) Here is what the Freddie Mac Economic and Housing Research Group had to say about mortgage rates this week: "Mortgage rates increased for the third consecutive week, climbing 11 basis points to 4.58 percent.
Freddie Mac, Primary Mortgage Market Survey, Mortgage Rates, mortgage capital, homebuyers, renters, lenders, taxpayers, Congress.. Home News Releases Mortgage Rates Move Up to Highest Level in Seven Years. news releases; mortgage Rates Move Up to Highest Level in Seven Years. May 17, 2018.
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Mortgage rates are now lower by more than 50 basis points on a year-over-year basis, a sharp reversal from the 100 basis point headwind that slowed the housing market in 2018.
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Mortgage rates were roughly unchanged today. Some lenders even offered improved rates in the afternoon as underlying bond markets managed to hold modest gains. All this despite another winning day.
"Home sales were weighed down by a surge in stock-market. to their highest level in seven years," write Laura. high mortgage rates during much of the year are partially to blame for the.
While the risks of a recession and the bear market that inevitably accompanies it remain very low today, eventually a downturn in both the economy and stock market. adjustable-rate mortgage (ARM).
Mortgage rates reach levels not seen in seven years – SFGate – "Accordingly, mortgage rates are at the highest levels in nearly seven years." Meanwhile, mortgage applications declined last week, according to the latest data from the Mortgage Bankers Association.