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Mortgages Move sideways, but several dips are likely



<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Mortgage ] has edged higher this week, but borrowers may have more to celebrate after the fourth of July. "data-reactid =" 31 "> Mortgages have leaned higher this week, but borrowers may have more to celebrate after July 4th.

<p class = "canvas text (1

.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The same forces that sent the stock market fluctuating the new all-time highs of the holiday will probably mean further decline in mortgage rates, which recently hit its lowest level since November 2016. "Data-React =" 32 "> The same forces that sent the stock market, shooting at new full-time packages before the holidays , will probably mean further decline in housing rates, which recently hit its lowest level since November 2016.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – "type =" text "content =" But if you shop for a new home or loan, make no assumptions about where prices go. If you see an attractive interest rate, you may want to lock it . "data-reactid =" 33 "> But if you shop for a new home or loan, don't make any assumptions about where prices go. If you see an attractive interest rate, you may want to lock it.

This week's figures

<figcaption class = "C ($ c-fuji gray-h) Fz (13px) Py (5px) Lh (1.5) "title =" Natee Meepian / Shutterstock
Natee Meepian / Shutterstock
The loan rates are slightly higher this week. ] More [19659010] <p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "The average price in 30 years Fixed-rate mortgages have crossed to 3.75%, from last week's 3.73%,
says the mortgage company Freddie Mac . "data-reactid =" 55 "> The average rate of a 30-year fixed-rate mortgage has crossed up to 3.75%, from last week's 3.73%, says mortgage company Freddie Mac.

The loans in this week's survey come with a average 0.6 points

<p class = "canvas-textile text" Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm "type =" text "content =" Borrowers are becoming still big, fat savings compared to a year ago, when 30-year loans averaged 4.52%. "data-response time =" 57 "> Borrowers still get big, fat savings compared to years ago, when 30-year loans were on average 4.52%.

<p class = "canvas-textile) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Prices have gone so low that homeowners may want to look at refinancing, even a home loan which is only one year old, look at today's best mortgage rate where you live . "data-reactid =" 58 "> Prices have gone so low that homeowners may want to look at refinancing, even a mortgage that is just one year old. Take a look at today's best mortgage rates where you live.

<p class = "canvas fabric canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Mortgage applications were little changed last week, says Mortgage Bankers Association. "Mortgage applications were little changed last week," said Mortgage Bankers Association.

They were down 0.1% overall, while refinancing applications fell 1%.

Why prices do what they are

<figcaption class = "C ($ c-fuji-gray-h) Fz (13px ) Py (5px) Lh (1.5) "title =" Andriy Blokhin / Shutterstock
Low mortgage rate is likely to spur more home sales.
"

As the rest of us can take a bit of a holiday week break, they are likely to go down because prices tend to follow government returns 10 -year note, which continues to hit new multi-year downs

Bond dealers predict signs of a slowing US economy will shed light on the Federal Reserve to cut interest rates.

"The data suggests that the economy is weakening but remains very solid basis with high consumer confidence and a strong workforce sorry, "said Sam Khater, Freddie Mac's chief economist.

"Nearer home, the housing market continues to slowly improve and gain momentum as we enter the second half of the year," said Khater, "who is good news and should keep the economy growing."

Low mortgage rates will help. Mac's current forecast says the average rate of a 30-year mortgage for the whole of 2019 will be 4.1%.

The forecast also requires only a slight rise in prices next year to 4.2%.

This week is second mortgage rate

<p class = "canvas component canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = " Rates of 15-year home loan are also a little higher this week. The average is 3.18%, up from 3.16% last week. "data-response time =" 89 "> Rates of 15-year home loans are also slightly higher this week. The average is 3.18%, up from 3.16% last week.

For a year Since then, short-term home loan prices averaged 3.99%, says Freddie Mac.

And 5/1 Adjustable rate mortgages – with prices lasting for five years, and then "adjusting" (or down) each

These arms are now offered with an average initial rate of 3.45% compared to 3.39% last week, a year ago, these starting prices were 3.74% on average.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) type =" text "content =" When you apply for a mortgage, you need repayment money. Find a savings account with good price and start stashing that account. " data-response time = "97"> When applying for a mortgage, you need a down payment money.

<p class = "canvas-atom canvas text Mb (1.0em) Mb (0) – sm Mt (0.8em) – sm" type = "text" content = "Do you want more MoneyWise? Sign up for our free weekly newsletter "data-reactid =" 98 "> Want more MoneyWise? Sign up for our free weekly newsletter.


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