Mortgage rates dropped significantly over the past week as concerns related to the ongoing trade dispute with China and the overall health of the economy dominated headlines.
The 15-year fixed-rate mortgage also dropped 15 basis points to an average of 3.05%, according to Freddie Mac. The 5/1 adjustable-rate mortgage averaged 3.36%, representing a decline of 10 basis points. Ultimately, the low supply of homes available for sale will at least partially stymie any boost low mortgage rates would otherwise give to the housing market.
Source: News Formal (newsformal.com)
Contact me for your San Antonio agent! I’ll find you a property.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
What Falling Interest Rates Mean for YouLong-term interest rates are falling fast in the U.S. Here’s a look at how a decrease affects everything from mortgages to student and auto loans. I don’t finance anything anymore. If I can’t afford it out of pocket I just don’t buy it. Period. The only thing I have with an interest rate is my student loans. Thanks to my income-based repayment plan I don’t sweat that at all.
Source: WSJ - 🏆 98. / 63 Read more »
New Documentary Takes an Intimate Look at Patrick Swayze's Life'I Am Patrick Swayze' is a new film coming to the Paramount Network that gives fans a look at the life of the man so many miss.
Source: CafeMom - 🏆 701. / 51 Read more »
Mortgage refinances spike 12% on a big rate drop, but homebuyers pull back againHomeowners rushed to take advantage of a sizable drop in mortgage interest rates, but potential homebuyers were unimpressed.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. Stocks Decline as Yields Fall, Trade Concerns LingerStocks declined after government-bond yields tumbled globally, a flight to safety prompted by investors’ fears about global growth and the U.S.-China trade and currency battle. Be greedy when others are fearful. And so, it begins. 500 points is nothing compared to gains over past two years. China needs to be put into their financial place in the world. US has subsidized for too long.
Source: WSJ - 🏆 98. / 63 Read more »
Why I’m A Firm Believer In The ‘2-Hour Reset’ For All My KidsNow, when I say “quiet,” I am using that term VERY loosely.
Source: ScaryMommy - 🏆 116. / 63 Read more »
A New ‘Bachelor‘ Spin-Off Is Coming to TV So Get ReadyA New 'Bachelor' Spin-Off Is Coming to TV So Get Ready
Source: Cosmopolitan - 🏆 725. / 51 Read more »