mortgage rates forecast : Mortgage rates rise

Mortgage rates forecast :  Mortgage rates rise

Mortgage rates forecast-U.S. Mortgage Bankers Association (Mortgage Bankers Association) announced that  one week mortgage applications rose 2% by the 1st May,  refinance and purchase mortgage loan application volume also have picked up.

By the seasonally adjusted mortgage applications index of 960.6 from a week ago to 979.7. Loan refinancing index increased by 1.2%, the purchase index increased by 5%.

The data provided stronger evidence to stabilize the U.S. economy,Because mortgage interest rates and house prices both declined,   hunters and buyers entered the housing market. this week,The National Association of Realtors  also announced that in March existing home contract sales index rose 3%.

All mortgage applications, loan applications for refinancing accounted for 74.4%, while the proportion of the previous week is 75.3%; the floating-rate mortgages accounted for 2.1%, and the same proportion of the previous week.

The average 30-year fixed mortgages rates  rose to 4.79% from 4.62%. advance payment points to 1.17 from 1.14. A point is 1% of the loan amount, as advances paid to the mortgage lending institutions.

The survey data covers 50% of U.S. mortgage applications, mortgage banks, commercial banks and loans banks have conducted the survey .

Mortgage rates forecast Relate Link:  Home mortgage rates     Loans Pros and Cons     loans for people in foreclosure   Credit mortgage refinance

New home mortgage rates will rise-Fannie Mae mortgage bond yields rose
refinance mortgage rates will rise
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