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's weekly report says 30-year fixed-rates mortgages averaged 5.2 percent this down from last week's average of 5.32 A year ago, 30-year mortgages were averagint 6.37 percent, although rates fell belo 5 percent earlierthis year. The nation’s job markeyt is one factor thought to be influencinvmortgage rates. “Interest rates for 30-yeafr fixed-rate mortgages fell to the lowesft level in six weeks amid market concerns over a weakeningtlabor market,” said Freddie Mac chievf economist Frank Nothaft. “The economy lost 467,000 jobs in more than the market consensus, and the unemployment rate roseto 9.5 the highest since August 1983.
” this week in mortgage as refinancing activity jumped and applications to purchase homex rose to the highest levep in three months. Those with more than one mortgage obligatio nare struggling. The reported this week that the numbeer of home equity loans thatwere 30-daysw or more delinquent rose to a record high of 3.52 percengt in the first quarter and home equity lines of credit in defaulf also reached a record of 1.89 percent.
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