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In The Newspapers

Mortgage rates rise

By Crissinda Ponder • Bankrate.com

Interest rates on mortgages rose this week as the market began preparing for a potential federal funds rate hike at the Federal Reserve’s next policy-setting meeting.

Yields on Treasury notes have been higher this week compared with last week. They started increasing after the Federal Open Market Committee meeting concluded last week, when the central bank hinted at a possible December rate hike.

While speaking to the House

Mortgage rates down

By Crissinda Ponder • Bankrate.com

Mortgage rates mostly fell this week in anticipation of the Federal Reserve abstaining again from an increase in the near-zero federal funds rate.

The central bank’s Federal Open Market Committee said Wednesday that the 0% to 0.25% range “remains appropriate.”

“The committee anticipates that it will be appropriate to raise the target range for the federal funds rate when it has seen some further improvement in the labor

Mortgage rates unchanged

By Janna Herron • Bankrate.com

Mortgage rates mostly didn’t budge this week as the lending industry continues to adjust to new disclosure forms implemented less than 3 weeks ago.

“Rates are stable on the lower side,” says Pava Leyrer, chief operating officer of Northern Mortgage Services in Grand Rapids, Michigan. “And I think those lenders who were prepared for these disclosure form changes and explained it to real estate agents and buyers

Mortgage rates dip

By Crissinda Ponder • Bankrate.com

Interest rates on mortgages moved slightly lower this week as worrisome economic data from the United States and China startled markets.

U.S. retail sales inched up only 0.1% from August to September, according to the Census Bureau. Meanwhile, in China, imports dropped 20% year over year last month, Reuters reports.

There were 36,000 foreclosures completed during August 2015, according to a CoreLogic report released Tuesday. Completed foreclosures fell

Mortgage rates fall under 4%

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week following the release of a disappointing jobs report. U.S. employers added 142,000 jobs in September, according to the Bureau of Labor Statistics. The rate was much lower than the 200,000 that analysts expected.

On the other hand, yields on government bonds have been gradually increasing after falling last week, as investors decided to take on more risk in the stock market, MarketWatch

Mortgage rates mostly unchanged

By Crissinda Ponder • Bankrate.com

Mortgage rates were unchanged this week as stock market volatility continued and new data revealed that the growth in home prices seems to be sticking around.

Treasury yields have been sinking this week. The yield on the 10-year Treasury note fell from 2.17% the morning of Sept. 25 to about 2.06% Wednesday afternoon. Investors flock to government bonds when global economic concerns intensify, which drives up bond

Mortgage rates drop

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week as global market concerns resurfaced and government bond yields moved lower. Meanwhile, more data shed light on the housing market’s strengthening recovery.

Sales of existing homes fell from a downwardly revised, seasonally adjusted annual rate of 5.58 million in July to 5.31 million in August, which amounts to a 4.8% decrease, according to data released this week from the National Association of

Mortgage rates up slightly

By Crissinda Ponder • Bankrate.com
Interest rates on mortgages inched higher this week, just a day before the Federal Reserve’s policy-setting committee decides whether the federal funds rate will increase for the first time in nearly a decade.

Is today the day?

The Fed likely won’t announce a rate increase today, says Dick Lee, founder and president of Independent Mortgage in Newton, Massachusetts.

“I do see them increasing (the federal funds rate) by the

Mortgage rates unchanged

By Crissinda Ponder • Bankrate.com

Mortgage rates were virtually unchanged this week ahead of the Federal Reserve’s upcoming policy meeting. The market seems to be waiting patiently to learn whether the central bank will finally raise the near-zero federal funds rate.

Government bonds haven’t been getting as much attention lately, as investors took on more risk. The 10-year Treasury yield jumped from 2.19% Tuesday afternoon to 2.25% Wednesday morning before dropping again.

Mortgage rates drop after stock turmoil

By Crissinda Ponder • Bankrate.com

Mortgage rates dropped this week following the stock market turmoil that began in China and spread everywhere.

Chinese stocks have been plummeting this week, which has caused a domino effect on a global scale.

U.S. stocks also tumbled, prompting investors to flock to government bonds, which sent prices up and yields down. The 10-year Treasury yield fell below 2% for the first time since late April, but has

Mortgage rates fall on China news

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week after China’s economy suffered a major setback that disrupted international markets, and U.S. consumers lost some optimism in their outlook on the housing climate.

The improvement in rates makes now an opportune time to buy, says Pava Leyrer, chief operating officer for Northern Mortgage Services in Grandville, Michigan.

“Rates are still very good and very stable,” she says.

China’s economic troubles have created ripple

Mortgage rates stall

By Crissinda Ponder • Bankrate.com

Mortgage rates barely moved this week after volatile government bond yields and mixed news about the economy made headlines.

Treasury yields fell to a 2-month low this week in response to disappointing economic data, but have since reversed course.

The 10-year Treasury yield closed at 2.15% Monday and bounced back to 2.27% by Wednesday afternoon.

Overall construction spending rose a measly 0.1% from May to June, the U.S. Census

Mortgage rates dip

By Crissinda Ponder • Bankrate.com

Mortgage rates fell this week despite the fact that global market concerns seemed to be getting smaller in the rearview mirror. But U.S. Treasury bond yields fell as investors moved money out of sagging stocks and into bonds.

The Greek debt crisis has been “put on the back burner,” says Michael Becker, branch manager at Sierra Pacific Mortgage in White Marsh, Maryland. “The can has been kicked

Mortgage rates move higher

By Crissinda Ponder • Bankrate.com

Mortgage rates moved slightly higher this week after signs pointed to a much-anticipated debt relief deal for Greece.

But mixed reports from the mortgage industry underscored the housing market’s volatility.

U.S. Treasury bond yields reversed course after falling last week, thanks to better news coming out of Greece. The country and its creditors had reached a bailout deal that would give Greece the financial help it needs to

Mortgage rates down on Greece woes

By • Bankrate.com

Mortgage rates fell this week as the economic turmoil in Greece continued wreaking havoc on international markets. The lower rates have been persuading consumers to jump on the homebuying bandwagon.

Greek citizens voted July 5 on whether to accept the tough repayment terms for additional emergency aid offered by the country’s creditors, also known as the “troika:” the European Central Bank, European Commission and the

Mortgage rates float higher

By Janna Herron • Bankrate.com

Mortgage rates floated higher this week after the Federal Reserve signaled that at least one interest rate hike is on its way later this year. The uptick comes as the housing market’s momentum strengthens.

“We’re seeing rates tick up a little bit, but it doesn’t seem to be affecting people’s appetite to borrow,” says David Cary, a mortgage broker at C2 Financial Corp. in the San Francisco

Mortgage rates bounce higher

By Janna Herron • Bankrate.com

Mortgage rates resumed their climb this week after the yield on the 10-year Treasury booked its largest two-day gain in almost two years. The increase kept Americans from refinancing their homes and put pressure on purchase mortgage applications.

“Investor concerns about deflation and the economy in Europe may have been a little too pessimistic and now we’re seeing yields rise,” says Brian Rehling, chief fixed income strategist

Mortgage rates take a dip

“(Mortgage rates) are better than they have been. We saw them bump up before the holidays,” says Pava Leyrer, chief operating officer at Northern Mortgage Services in Grand Rapids, Michigan. “Now, they are improving.”

The benchmark 30-year fixed-rate mortgage fell to 4 percent from 4.03 percent last week, according to the Bankrate.com national survey of large lenders. One year ago, that rate was 4.26 percent. Four weeks ago, it was 3.86

Mortgage rates inch up

By Janna Herron • Bankrate.com

Mortgage rates inched up this week after days of volatile trading that sent the 10-year Treasury yield on a wild ride. Meanwhile, homebuyers remained reluctant to borrow for a second straight week, even as builders geared up to break more ground.

The benchmark 30-year fixed-rate mortgage rose to 4.03 percent from 4.01 percent last week, according to the Bankrate.com national survey of large lenders. One year ago,