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Tag Archives: Fixed Mortgage Rate

Rising Prices, Rates, Finally Affecting the Market?

It seems that rising interest rates and record-high home prices are finally starting to affect the market as fewer homes received competing bids in March than they did in February.  According to Redfin, an online real estate brokerage, 65 percent ...

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Fixed Mortgage Rates Sink to Lowest Level of 2014

A year ago, the 30-year FRM averaged 4.58 percent—its peak in 2013. The average interest rate for a 15-year FRM this week was 3.23 percent (0.6 point), down from 3.24 percent a week ago. Adjustable rates were mixed for the week. According to Freddie Mac, the 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 2.95 percent (0.5 point) in the latest survey, down slightly from last week, while the 1-year ARM edged up to 2.38 percent (0.5 point).

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