Mortgage activity jumps with rates low
WASHINGTON, Oct. 13 (UPI) — The Mortgage Bankers Association said U.S. mortgage activity rose sharply in the latest weekly survey, following a week in which activity was flat.
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Mortgage rates hit decades-low of 4.19 percent
Rates on 30-year mortgages fell this week to 4.19 percent, the lowest level in decades. They were pushed down by lower Treasury bond yields.Investors are buying up Treasury bonds in anticipation of a move by the Federal Reserve designed to lower mortgage rates and yields on corporate debt.
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Mortgage rates creep higher
Rates moved off record lows as sales remain slow. Would raising the conforming limit help?
Read more on Bankrate.com via Yahoo! Finance