Mortgage rates end the week flat

 · Mortgage loan rates made small moves last week while applications for new mortgages were essentially flat with the prior week. 24/7 Wall St. – Insightful Analysis and Commentary for.

For next week, we think mortgage rates will be pretty flat, and there’s even a chance that the average offered rate for a 30-year FRM as tracked by Freddie Mac will increase a basis point or two. For an outlook for mortgage rates that carries just past America’s 243rd birthday, check out our latest Two-Month Forecast .

Mortgage rates. lenders flat and others distinctly lower. The discrepancy is due to the timing of yesterday’s market movements and the corresponding lender reactions. Some lenders saw enough.

 · Mortgage applications flat for the week, purchases down. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($417,000 or less) decreased to 4.33%.

Mortgage rates did not move much this past week, as the benchmark 30-year fixed inched lower and remains at the lowest level in seven months, according to Bankrate.com’s weekly national survey. The average 30-year fixed mortgage had a rate of 4.02% on Wednesday, June 14 – the lowest since Nov. 16, 2016 – and an [.]

They are now roughly in line with where they stood last Wednesday, the second consecutive week of flat rates after steadily increases during the first six weeks of 2018. The average prime 30-year fixed mortgage rate quoted on Zillow stands at 4.28 percent, just shy of four-year highs.

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Mortgage rates typically move in the same direction as the 10-year yield so it was no surprise that mortgage rates had a notable spike last week with the average rate on the 30-year fixed rate mortgage moving eleven basis points higher up to 4.58%, according to the Freddie Mac Primary Mortgage Market Survey.

Mortgage rates caught a break to end a week that was otherwise spent moving higher. Although we did see a bit of improvement in underlying bond markets yesterday, lenders were still getting rate.

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“All eyes are on a string of Fed speakers over the coming week, when we will also see a slew of housing market data, which was a soft spot in the economy at the end. rates continue their.