Eric Rosengren, president of the Federal Reserve Bank of Boston said rates need to stay low to help overcome difficulties in the real estate market. “Serious fiscal problems loom for state and local governments, the U.S. government, and governments around the world… ,” he said.
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The Mortgage Bankers Association
reports in their weekly survey of loan application activity reports that new purchase applications for week ending April 2
nd rose 0.2 percent on a seasonally adjusted basis from the prior week. however, refinance applications fell 11 percent
Mortgage rates for the week were;
- 30 year fixed 5.31 percent, up from 5.04 the prior week.
- 15 year fixed 4.54 percent, up from 4.34.
- 1 year adjustable at 7.03 percent, up from 6.88.
Don Grafues
Resource:
REALTOR.org & Mortgage Bankers Association
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The Mortgage Bankers Association
reports in their weekly survey of loan application activity that applications for week ending March 26 rose 1.3 percent on a seasonally adjusted basis from the prior week.
Mortgage rates for the week were;
- 30 year fixed 5.04 percent, up from 5.01 the prior week.
- 15 year fixed 4.34 percent, essentially flat.
- 1 year adjustable remained steady at 6.88 percent, up from 6.75.
Don Grafues
Resource: REALTOR.org & Mortgage Bankers Association
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The Mortgage Bankers Association
reports in their weekly survey of loan application activity that applications for week ending March 19 fell 4.2 percent on a seasonally adjusted basis from the prior week.
Mortgage rates for the week were;
- 30 year fixed 5.01 percent, up from the prior week.
- 15 year fixed 4.33 percent, also up slightly.
- 1 year adjustable remained steady at 6.75 percent.
Don Grafues
Resource: REALTOR.org & Mortgage Bankers Association
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Mortgage rate predictions for 2010;
- Credit Suisse and FTN Financial Capital Markets: between 5.00 and 5.25 percent.
- Moody’s Economy.com: around 5.7 percent.
- Barclays Capital: 6.0 percent.
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