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Furniture Nothaft said markets are not only expecting a June rate hike, but there is growing concern the Fed will also raise rates at its August meeting as well.
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us 30-year mortgage rate falls to record 3.78 pct.
the average u.s. rate for the 30-year fixed mortgage fell to a record low for a fourth straight week. cheap mortgages have helped boost home sales modestly this year.
mortgage crisis worsening, central bank figures show
the mortgage arrears crisis is deepening as new central bank figures show there were nearly 78,000 mortgages in arrears of 90 days or more at the end of march in an increase of nearly 8,000 over just three months.
mortgage rates slide to record lows
mortgage rates continue to drop well below 4 percent. the average rate for a 30 year fixed rate mortgage declined 2 basis points to 3.83 percent since last week, the lowest value on on record for this mba series. the purchase application volume declined 3.0 percent and the refinance application increased 5.6 percent over the same period.
tighter mortgage rules not enough in hottest real estate markets, oecd says
ottawa - moves by the federal government to tighten mortgage lending rules aren't doing enough to cool the housing market in the hottest regions in the country, the organization for economic co-operation and development said tuesday.
