12, 2015 /PRNewswire/ -- Mortgage rates
climbed higher this week, with the benchmark 30-year fixed mortgage climbing to 4.
htm) Jonathan Miller , have said that the low mortgage rate
is even hurting the housing market, making banks extremely selective because profit margins are so low.
He notes that mortgage rates
didn't increase significantly in 2004 because the economy didn't grow very fast and because the dollar has remained weak.
7 percent from a year ago when the mortgage rate
TORONTO -- Stability is expected to be in store for both fixed and variable mortgage rates
- a contrast to continued economic uncertainty on the Canadian and global scale.
As short-term mortgage rates
continue to rise, homebuyers are increasingly looking to long-term fixed-rate mortgages, according to Homebridge Mortgage Bankers.
If you plan to stay in the house seven years or longer, it would be worth it to refinance to a 30- or 15-year fixed mortgage rate
Experts have predicted an increase in mortgage rates
since early 2004, but this has not yet occurred.
Credit mortgage rates
that this week hit a 45-year low, according to a survey by the Washington, D.
Associates, the nation's biggest tracker of mortgage rate
8, 2015 /PRNewswire/ -- Mortgage rates
moved back below the 4 percent threshold for the first time since May, with the benchmark 30-year fixed mortgage settling at 3.
We believe the mortgage rate
environment will continue to be somewhat volatile week-to-week, month-to-month.