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Mortgage Rates Drop Again; Existing-Home Sales and Prices Climb

“This trend supports the fact that lower mortgage rates have started to entice buyers this spring and foreshadows a potential strengthening of existing home sales. drop was because of an increase.

Thirty-year mortgage. prices have risen 114%, helping send the U.S. homeownership rate to near its lowest level in nearly half a century. So while the population over that time has grown about 17%,

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If you’re considering buying a home because of rising mortgage rates, Consumer Reports shares what you need to know about inflation and other economic events that make it more expensive to borrow.

Economists Say Mortgage Rates Will Rise in 2015, Amid Looming Fed Rate Hike With mortgage rates on the rise, sales of US existing homes dropped sharply last month to the lowest rate in three years, the National Association of Realtors said Friday. Home prices remained.

Mortgage Rates Drop Again; Existing Home Sales And Prices Climb February 26, 2016 / in Blog / by Karla Murtaugh As we head into the busy spring home-selling season, homebuyers will be happy to know that mortgage rates are back on the decline.

Mortgage Rate Dips Again, Pointing to a Rise in Refinancing Risk.. new home sales have dropped 28% and existing home sales have risen just 5%.. this drop in rates shouldn’t lead to a surge.

Mortgages are priced for sale to attract investors who seek fixed income investments. There are many kinds of bonds available, and mortgage rates (yields) rise and fall with those competing investments to a greater or lesser degree. But how to price them? Fixed mortgage rates, like other bonds, track US Treasury bonds quite well.

A recent round of mortgage rate forecasts for 2018 suggest that we could see steadily rising rates through the end of this year and into 2018. These predictions (covered below) were issued by economists and analysts with the Mortgage Bankers Association, Freddie Mac, and the personal finance company Kiplinger.