Fort Lauderdale Blog

Mortgage Rates Remain Below Four Percent for 12 Weeks Straight

Mortgage Rates Remain Below Four Percent for 12 Weeks Straight

Mortgage rates are rising but not by much, according to Freddie Mac's recently released Primary Mortgage Market Survey® (PMMS®) results. These results showed average fixed mortgage rates nudging higher throughout the beginning of the week. However, Fed comments suggesting it may not raise short-term interest rates, coupled with weaker than expected consumer demand, pushed Treasury yields lower suggesting interest rates may remain lower than reported a while longer.

Applications for New Home Purchases Increase in September

Applications for New Home Purchases Increase in September

Mortgage applications for new home purchases increased by 3 percent relative to the previous month, according to the Mortgage Bankers Association (MBA) Builder Application Survey (BAS) data for September 2015.

"Positive momentum in mortgage applications to homebuilder affiliates lead us to estimate that new home sales were up 29 percent in September compared to a year ago," says Lynn Fisher, MBA's Vice President of Research and Economics. "It also suggests that housing starts will continue to post relatively strong numbers through the end of the year."

Mortgage Applications Hop More Than 11 Percent

Mortgage Applications Hop More Than 11 Percent

As the market continues to strengthen, mortgage applications increased 11.3 percent from one week earlier, according to data from the Mortgage Bankers Association's (MBA) Weekly Mortgage Applications Survey for the week ending August 28, 2015.