Buzz It Up News

Mortgage Rates Friday, May 19: Still Near 6-Month Lows


3/1 Adjustable Rate Mortgages are being quoted at 3.000% with an April of 3.744%. Mortgage rates are closely related to yields on long-term government bonds, which have been in high demand amid the turmoil in Washington.

30 year loan interest rates at start at 3.950% today carrying an April of 4.021%.

"The delayed impact of the associated decline in Treasury yields may push mortgage rates lower in next week's survey", Becketti said. It was 3.29 percent a week ago and 2.81 percent a year ago. 5/1 Adjustable Rate Mortgages at start at 3.125% with a starting April of 3.677% which will change as interest rates adjust.




Mortgage applications fell by 4.1% on a seasonally adjusted basis for the week ending May 12, according to the Mortgage Bankers Association's weekly mortgage applications survey.

While the White House scandal was the catalyst for a measurable drop in the past couple days, mortgage rates had already moved a bit lower thanks to a slower than expected rise in consumer prices. As a result, many prospective homebuyers who can not come up with a 20 percent down payment are unable to get a loan. US stocks plunged on Wednesday to the lowest level in a year as the controversy swirled over President Donald Trump's firing of former FBI Director James Comey, and the possible divulgence of classified information to the Russians. "This benefits the bond market (where mortgage interest rates are priced), as investors look for certainty and to avoid volatility". "Purchase volume is running more than 9 percent above last year's pace, with conventional purchase application volume up more than 12 percent".

Related Articles

  • Shawn Mendes On His 'Unreal' Billboard Music Award Nominations

    Shawn Mendes On His 'Unreal' Billboard Music Award Nominations

    So as these awards enter their 24th edition in some hours, here's all you must know about this year's event. The chart topping hit song has earned Wizkid seven Billboard Music Awards nominations.

    Is Salesforce.com, inc. (CRM) Running Out of Gas?

    Pinnacle Bank acquired a new position in shares of salesforce.com, inc. during the first quarter worth about $181,000. Following the transaction, the director now directly owns 31,048 shares in the company, valued at $2,794,630.48.
    'Dr Phil' to air 2nd interview with Hernandez's fiancee

    'Dr Phil' to air 2nd interview with Hernandez's fiancee

    A jailbird told the tabloid that before his death, Hernandez asked about what would happen if a con died with a pending appeal. Jenkins-Hernandez said she would take her 4-year-old daughter to visit him in prison.
  • IS slays scores of civilians in Syria

    IS slays scores of civilians in Syria

    A medical source told the media that those wounded were admitted to the Salamiyeh National Hospital. He said at least nine children were beaten on the head with heavy objects such as bricks or stones.
    Top Trump aide won't say if Western Wall is part of Israel

    Top Trump aide won't say if Western Wall is part of Israel

    Also, East Jerusalem is where the Palestinians want to situate the capital of their independent state. In February, Trump told Israel that building new settlements was "unhelpful" to peace .
    Huge fire RIPS THROUGH Manhattan Synagogue - smoke seen across New York City

    Huge fire RIPS THROUGH Manhattan Synagogue - smoke seen across New York City

    The Synogogue is located on Norfolk Street in the Lower East Side neighbourhood of Manhattan, close to New York's Chinatown. Almost 140 firefighters battled to bring the blaze under control for about five hours, from p.m.to shortly after midnight.
  • Real on the brink of La Liga title

    Real on the brink of La Liga title

    However Juve could be champions before they even play if Roma lose and Fiorentina do not win. "Brazil are doing very good". When asked directly if De Gea would be staying at United, Nicholas had no doubts when giving his answer.
    Congresswoman Noem agrees with decision to renegotiate NAFTA

    Congresswoman Noem agrees with decision to renegotiate NAFTA

    Any deal, however, would need agreement from the USA sugar producers who brought an anti-dumping case against Mexican competitors.
    Reading (2) 1-0 (1) Fulham: Kermorgant penalty sends Royals to Wembley

    Reading (2) 1-0 (1) Fulham: Kermorgant penalty sends Royals to Wembley

    The draw in the first leg at Craven Cottage had been notable for Stam's Reading cleverly nullifying Fulham's attacking ability. They were defeated by Reading last night at the Madejski Stadium , and will be playing Championship football again next term.
  • Aamir Khan shares his favorite memory of Sachin Tendulkar

    Aamir Khan shares his favorite memory of Sachin Tendulkar

    Tendulkar says that in the movie, he has revealed what went through his mind during the lowest point of his career. With AR Rahman's score "Hind Mere Jind" already making waves, and the musical rendition of the popular "Sachin".
    New S. Korea President to Defuse Tensions

    New S. Korea President to Defuse Tensions

    Xi said China was willing to handle disputes with South Korea "appropriately" on the basis of mutual trust and understanding. While taking the oath of office Wednesday, Moon said he's open to visiting North Korea under the right conditions.

    Mexican journalist Javier Valdez Cárdenas slain Monday

    Be proactive - Use the "Flag as Inappropriate" link at the upper right corner of each comment to let us know of abusive posts. Mexico is one of the most unsafe places in the world to be a journalist, the Committee to Protect Journalists says .

Comments