Mortgage interest rates slide in FHFA December index

Mortgage Interest Rate forecast for December 2020. Maximum interest rate 4.37%, minimum 4.11%. The average for the month 4.23%. The 30 Year Mortgage Rate forecast at the end of the month 4.24%. 30 Year Mortgage Rate forecast for January 2021. Maximum interest rate 4.38%, minimum 4.12%. The average for the month 4.25%.

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Follow weekly mortgage rate trends and expert opinions from the mortgage rate trend index by Bankrate.com. Mortgage experts predict what will happen to rates over the next week – and why.

While retail sales were on the rise in January, a sizeable reversal to December numbers. on projections for growth and interest rate hikes for the coming year. Anything dovish and mortgage rates.

Looking back at the week, the biggest jump in rates came on Wednesday when the second-estimate for third quarter GDP came in above expectations. Financial market participants took that as a sign that a rate hike in December is a sure thing, and that more rate hikes in 2018 are a possibility.

The Fed has taken unprecedented steps to lower borrowing costs as it held short-term interest rates near zero since 2008. It acquired $1.25 trillion of government-backed mortgage securities and $172.

The number of mortgage applications during the week ending December 7 increased 6.2 percent on a seasonally adjusted basis and 6 percent on an unadjusted basis, the Mortgage Bankers Association.

The average interest rate on 15-year, fixed-rate loans of $417,000 or less decreased 44 basis points to 5.43 percent in December. Mortgage rates stabilized in the week ending 4 th March. 30-year fixed rates rose by 2 basis points following the 22 basis slide in the previous week. level since the 4 th quarter of 2016.

The growth in yields created by our variable rate loan base will prove challenging if short-term index. interest from the interest expense from deposits for the remainder of the year will be an.

OCC: Mortgage performance improves in third quarter Mortgage servicers initiated 45,495 new foreclosures in the fourth quarter – a decrease of 5.1% compared with the third quarter and a decrease of 28.2% compared with the fourth quarter of 2015, according to the OCC’s data. As first-lien mortgage performance improves, the number of loss mitigation actions declines.

FHFA’s Index examined the rise and fall in average interest rates on different types of mortgage loans. Here’s what it revealed. theMReport.com Your trusted source for mortgage banking news

Our financial results were particularly strong, given the weak rate market. Please turn to slide three where we highlight how we are simplifying our group. We completed the acquisition of Navios.