Mortgage rates barely budged this week despite downward pressure from lackluster economic news. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ticked up.
30-year fixed-rate mortgage averages 3.78% for the week ending Oct. 31, 2019, up from 3.75% in the previous week and 4.83% at this time a year ago, according to the freddie mac primary Mortgage Market.
The mortgage holders that will benefit from the rate cut are those with adjustable rate mortgages or ARMs, as a Fed cut means another reduction to their mortgage bill. Variable rates usually move in.
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Mortgage rates moved modestly higher today, but remain very close to the lowest levels in nearly a month. The underlying bond market (which dictates rates) has been somewhat volatile this week on a.
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ATLANTA, Oct. 29, 2019 /PRNewswire/ — Invesco Mortgage Capital Inc. (IVR) will announce its third quarter 2019 results after market close on Thursday, November 7, 2019. A conference call and audio.
The financial regulator has removed some barriers that stop mortgage prisoners from finding a cheaper deal – though many will.
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Almost 12,000 people borrowed more than 2.6 billion to buy homes in the three months to the end of September, the latest.