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Mortgage rates fall again as Trump trade fizzles out

10 February, 2017, 01:42 | Author: Paula Vaughn
  • A realtor holds and open house in Somerville MA

For 15-year fixed rate mortgages, average contract interest rates decreased to 3.55% from 3.61%, and 80% LTV loan points increased to 0.34 from 0.33.

Releasing the results of its primary mortgage market survey, Freddie Mac said that the 30-year fixed-rate mortgage or FRM averaged 4.17 percent for the week ended February 9, down from 4.19 percent last week. The adjustable-rate mortgage share of activity increased to 6.9% of total applications. 5/1 ARMs at Chase Bank are coming out at 3.250%. with an April of 3.493%. Popular 15 year refinance loan interest rates are listed at 2.75% at the bank today carrying an April of 3.239%.

30 year FRMs at Chase Bank (NYSE:JPM) are coming out at 3.750% yielding an April of 3.915% today.

In the ARM arena, 5 year interest rates start at 3.250% at Chase Bank yielding an April of 3.605%.

Now Suntrust's stock price gained ground to 56.23 up +0.21.

Scottish independence vote may be decided 'within weeks' - Sturgeon ally
He said: "I'm sure [the SNP are] perfectly aware that they have greatly overstated the love of the Scottish people for the EU". Even if Scotland try to have a referendum without the authorization from the government, it will not be legally binding.

Standard 30 year loan interest rates at PHH Mortgage are being quoted at 4.125% yielding an April of 4.191% today.

Heading over to government loans, the 30-year FHA-backed loan comes with lower down payment condition that standard conventional loans, therefore this type of mortgage can be an attractive option for some borrowers.

"At the very least, landlords should consider having some properties mortgaged on longer term fixes to spread risk". This type of mortgage loan features an annual percentage rate of 4.132%. Individuals, who opt for the 5-year ARM VA loan, will encounter a rate of 4.000% and an April sum of 3.431%.

The larger jumbo 30-year fixed also settled at 4.27 percent, while the average 15-year fixed mortgage rate was down to 3.49 percent.

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