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Lower Mortgage Rates Fuel Rise in Home Sales, Refinancing in Mobile, Ala.(Originated from The Mobile Press-Register, Ala.)
- Article from:
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Knight Ridder/Tribune Business News
- Article date:
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May 22, 1995
- Author:
- Casey, Dave
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Copyright informationCOPYRIGHT 1995 Knight-Ridder/Tribune Business News. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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May 23--With 30-year, fixed-rate mortgages dropping in recent weeks to their lowest level in more than a year, the Mobile housing market is poised for a surge of activity.
"Generally speaking our market is very strong," said Jeff Newman, executive vice president of the Mobile Area Association of Realtors. "I attribute that to two factors.
"One is the very low interest rates. The second is that Mobile is one of the most affordable housing markets in the country. You can still get a lot of home for your dollar in Mobile."
A national survey released Thursday by the Federal Home Loan Mortgage Corp. showed 30-year, fixed-rate mortgages averaging 7.83 percent last week, ...
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U.S. 30-year mortgage rates rise to 6.53 percent
Xinhua News Agency;
April 20, 2006 ;
191 words
...U.S. 30-year mortgage rates rise to 6.53 percent WASHINGTON, April 20...mortgages rose to 6.53 percent from 6.49 percent last week, the mortgage...showed. The rate of 6.53 percent was the highest point...2002, when 30-year mortgage rates stood at 6.54 ...
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Mortgage Rates Inch Over 7 Percent in Omaha, Neb., Area.
Knight Ridder/Tribune Business News;
March 12, 1999 ;
Olson, Chris;
647 words
......a March blip in mortgage rates to more than 7 percent hasn't dampened...February this year, mortgage rates broke through the 7 percent ceiling this month...rate increase. Mortgage rates rose higher than 7 percent in late January...
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U.S. Mortgage Rates Fall to 5.66 Percent
AP Online;
January 15, 2004 ;
JEANNINE AVERSA, Associated Press Writer;
345 words
......down from 5.87 percent last week, Freddie...nationwide survey of mortgage rates. This week's rate...mortgages were 5.36 percent and one-year adjustable...stood at 4.03 percent. The nationwide averages for mortgage rates do not include...healthy by low mortgage ...
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Mortgage rates climbing Refinancing activity slows as benchmark rate tops...
Oakland Tribune;
August 1, 2003 ;
Jeannine Aversa, Associated Press;
538 words
......averaged 6.19 percent. The recent upward swing in mortgage rates marks a turnaround...mortgages were 5.84 percent and one-year adjustable...stood at 4.45 percent. The recent rise in mortgage rates is taking some...down more than 50 percent from where they...sharp ...
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30-Year Mortgage Rates Top 6 Percent
AP Online;
July 31, 2003 ;
JEANNINE AVERSA, Associated Press Writer;
548 words
......averaged 6.19 percent. The recent upward swing in mortgage rates marks a turnaround...mortgages were 5.84 percent and one-year adjustable...stood at 4.45 percent. The recent rise in mortgage rates is taking some...down more than 50 percent from where they...sharp ...
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Economists Say Mortgage Rates Will Likely Linger around 7 Percent.
Knight Ridder/Tribune Business News;
May 16, 2001 ;
748 words
......unemployment: Mortgage rates will likely...around 7 percent through the...March at 6.8 percent, the economy...weak for mortgage rates to rise much...long-term mortgage rates, said Doug...between 6.9 percent and 7.1 percent...
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Mortgage Rates Again Fall Below 7 Percent
The Washington Post;
January 12, 2001 ;
Maryann Haggerty and Amy Joyce;
492 words
...Mortgage rates fell below 7 percent for the first time since...the week before. At 6.89 percent, a borrower would pay...In comparison, a 7.07 percent rate means a $670 monthly...when rates were above 8 percent, that payment would have...Each point is equal to 1 percent of the ...
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HOME MARKET STILL STRONG THIRTY-YEAR MORTGAGE RATES WILL APPROACH 7...
Wisconsin State Journal (Madison, WI);
March 25, 2005 ;
633 words
......recent pickup in mortgage rates. Rates on 30...rose to 6.01 percent -- the highest...nationwide survey of mortgage rates by Freddie Mac...averaged 5.95 percent. This week's...rates, such as mortgage rates, hadn't been...to around 6.75 percent by the end of...000 ...
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Mortgage rates fall again Benchmark 30-year fixed rate slips to record-low...
Oakland Tribune;
March 14, 2003 ;
Marc Albert, BUSINESS WRITER;
699 words
......row, 30-year mortgage rates sunk to record...dropped to 5.61 percent for the week...for about 66 percent of U.S. economic...tracking 30-year mortgage rates in 1971. Records...went bond and mortgage rates," said Amy Crews...week to 3.68 percent, down from last ...
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Mortgage rates dip below 6 percent spurring surge in loans, refinancings.
Daily News (Los Angeles, CA);
July 8, 2004 ;
435 words
......Gregory J. Wilcox Jul. 8--Mortgage rates dipped below 6 percent last week to their lowest...applications increased 19.5 percent to 687.0 on a seasonally...applications increased 15 percent from the prior week and the refinance, 27.6 percent. The refinancings share...activity ...
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NEW HOME SALES UP 14.7% IN JULY LARGEST PERCENTAGE INCREASE SINCE 16.4...
Wisconsin State Journal (Madison, WI);
August 30, 2000 ;
306 words
......an upswing in mortgage rates, shot up a surprising 14.7 percent in July, the biggest...than the 7.63 percent a year earlier...hovering below the 8 percent mark. Economists...with the rise in mortgage rates, people are in...homes fell 9.8 percent in July, to a...the big ...
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30-YEAR MORTGAGE RATES IN 2004 SECOND LOWEST THE INTEREST RATE FOR THE...
Wisconsin State Journal (Madison, WI);
December 30, 2004 ;
321 words
......WASHINGTON -- Mortgage rates around the country...increased to 5.81 percent this week, compared...year. Long-term mortgage rates remained well...said. Although mortgage rates are expected...to around 6.5 percent by the end of...
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Mortgage rates could be headed past 11 percent
Chicago Sun-Times;
September 18, 1987 ;
Don DeBat;
787 words
......five years, is 9.79 percent. Increasing mortgage rates could mean some people...Kenneth T. Rosen predicts mortgage rates will exceed 11 percent in the months ahead...bond rates go to 10 percent, mortgage rates will go above 11 percent...
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Mortgage Rates Increase 0.12 Percent
AP Online;
April 1, 2004 ;
JEANNINE AVERSA, Associated Press Writer;
357 words
......Dateline: WASHINGTON Mortgage rates climbed this week...mortgages rose to 5.52 percent this week, up from 5.40 percent last week, mortgage...nationwide survey of mortgage rates. In mid-June last...mortgages sank to 5.21 percent, their lowest level...home sales." Low ...
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