Mortgage rates plummet to new lows August 12, 2011 / 0 Comments / in Mortgage / by Matthew Le Baron As the economy felt the stings of European debt concerns and investors rushed to U.S. Treasury’s mortgage interest rates plummeted to new lows this week.
Mortgage Rates fell again this week. This is the ninth week in a row were rates have fallen. Last week mortgage rates were already at 50 year lows.
The 10-Year yield is loosely tied to mortgage rates because investors who like the 10-Year also like Mortgage Back Securities. High demand also drives mortgage rates down, which is exactly what happened. As a result, mortgage rates hit all time lows again this week, which naturally fueled strong demand for mortgages.
· As the average rate for a 30-year fixed-rate mortgage plummet, Freddie Mac predicts the housing market will regain momentum.. Refinance rates are near historic lows. Don’t miss out. Rates.
Supply is soon expected to drop and potentially hit a new low, according to realtor.com. “So far there’s been a lackluster.
Home price growth projected to exceed 7% in 2013 Short-Term Energy Outlook – U.S. energy information administration. – EIA forecasts Brent spot prices will average $67/b in 2019, $3/b. EIA expects strong growth in U.S. natural gas production to put. a year earlier and 28% lower than the five-year (2014-18) average.. Hydropower averages a 7% share of total generation in the forecast for 2019 and 2020, similar to 2018.
· The 30-year fixed rate has fallen to its lowest level in seven weeks. The 15-year fixed-rate average dropped to 4.24 percent with an average 0.5 point.
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Mortgage rates drop to new low of 4.57 pct. Mortgage rates fell for the second straight week to the lowest point in five decades, but they may not be enough to jump-start the housing market.
While rates have been hovering near record lows for weeks, thanks in part to negative economic data, the drop this week to new record-low mortgage rates is likely due to two factors, said Keith.
· Mortgage interest rates dipped to new 2016 lows and the lowest rates since May 2013, according to a weekly survey of national mortgage rates by.
Mortgage lenders have trimmed more of their rates down to rock bottom lows as the battle for home owners’ business hots up in the run-up to Christmas. On Monday, HSBC will launch its lowest ever.
Mortgage rates hit new record lows this year following President Trump’s remarks over at The Wall Street Journal. His views about the dollar and interest rates pushed bonds higher and the Treasury yield to its lowest level in 2017. Bond prices drive mortgage rates, which follow the movement of Treasury yields. Get quotes from lenders. The Background