World News Story: Mortgage Requests Rise as Rates Near 10-Month Low

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The good news is that even a small drop in mortgage interest rates can add up quickly. If you take a home valued at $400,000 with a 30-year fixed-rate mortgage, a one-point decline in your mortgage rate can cut about $200 off what you pay ever month.

Analysts, however, said rates were unlikely to continue to rise at such a fast pace. Rates also remain low. requests for home purchases rose 2.6 percent last week, even as refinancing applications.

 · WASHINGTON, D.C. (December 5, 2018) – Mortgage applications increased 2.0 percent from one week earlier, according to data from the Mortgage Bankers Association’s (MBA) weekly mortgage applications survey for the week ending November 30, 2018. The results for the week ending November 23, 2018, included an adjustment for the Thanksgiving holiday.

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 · United States pending home sales rebounded in May as mortgage rates fell homes under construction are seen through a kitchen window at the KB Home Cottages at harbor pointe development in Harbor.

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low existing inventory, near full employment, and rising wages are strong tailwinds that will continue to push new home sales higher in the year ahead." Tight housing inventory, the recent rise in.

Remember on April 25 in low down payment news, HUD, dba the FHA, agreed to a 90-day stay in implementation of Mortgagee Letter 19-06 (regarding down payment assistance) to have a 90 day comment.

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