Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season

Refi apps jump 7%. Spring home buying season is upon us, as evidenced by the surge in mortgage applications, which increased 4.8% from last week, according to data from the Mortgage Bankers Association’s weekly mortgage applications survey for the week ending March 23, 2018. On an unadjusted basis, the index increased 5% from last week.

Stage is Set for Stronger Spring Home-Buying Season, According to First American Potential Home Sales Model. -We’ve seen mortgage rates decline and wages rise – both trends work to boost.

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Get Ready for Spring Homebuying with RateStar; Now Available on Mortgage Cadence LFC. Consumer confidence is skyrocketing and the spring home buying season is just around the corner. It’s a market made for Credit Unions – but how can you stand out from the competition?

Mortgage Rates Stay Virtually Unchanged during Spring Homebuying Season The warmer weather and the nearly steady mortgage rates are bringing prospective homebuyers out into the market. Based on week-to-week performance, mortgage rates have seen little to no change.

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Homebuying is a team sport. Your lender will help you get pre-approved for a mortgage, so you know how much home you can shop for. Next, it’s time to meet with your real estate agent and start the.

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Still-Low Mortgage Rates Fuel Fast Start to Spring Homebuying Season. 30-year fixed-rate mortgages averaged 3.71% with an average 0.5 point for the week ending March 31, 2016. A year ago, the rate averaged 3.70%. 15-year fixed rates averaged 2.98% with an average 0.4 point. The same term priced at 2.98% a year ago. 5-year adjustable-rate.

Waymo announced Wednesday that its fully self-driving tractor-trailers will start driving on freeways. The declining rates have been a boon to potential purchasers in the spring home buying season..

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"We could see an early start to the spring homebuying season." At the same time, financing giant fannie mae, which doesn’t make loans directly but buys them from lenders to keep the money flowing for home loans, is forecasting $1.2 trillion single-family purchase originations this year and $1.24 trillion for 2019.