· karamysh/Shutterstock Mortgage rates diverged today, but one key rate was higher. The average for a 30-year fixed-rate mortgage trended upward, but the average rate on a 15-year fixed declined. On the variable-mortgage side, the average rate on 5/1 adjustable-rate mortgages fell. Rates for mortgages change daily, but overall, they are very low by historical standards.
Bankrate.com, which puts out a weekly mortgage rate trend index, found that nearly two-thirds of the experts it surveyed say rates will remain relatively stable in the coming week. les parker, senior.
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A sharp rebound appears unlikely, but so long as the trade tensions don’t escalate and upcoming economic releases offer few surprises, modest rate increases could be on the horizon in the immediate.
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· How reliable or trusting are the interest rates from bankrate.com lenders? Asked by Takeo Kimura, San Jose, CA Tue Nov 6, 2007. I am still looking to lock in the interest rate from my mortgage broker.
The benchmark 30-year fixed-rate mortgage saw a slight uptick this week to 3.95 percent from 3.94 percent, according to Bankrate’s weekly survey of large lenders. The big news is the rate tumbled.
Because investors will probably be waiting to see what comes out of next week’s Federal Reserve meeting, mortgage rates aren’t expected to move much in the coming week. Bankrate.com, which puts out a.
Hale and Speakman aren’t the only ones predicting rates will continue to drop. Bankrate.com, which puts out a weekly mortgage rate trend index, found that three-quarters of the experts it surveyed say.
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