Average mortgage rates up, but won’t affect home purchase season

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Average mortgage rates up, but won’t affect home purchase season 3 months ago admin Mortgage rates moved up slightly after weeks of moderating, but are still low enough not to affect the upcoming prime home buying period, according to Freddie Mac.

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 · Harvey Won’t Help Flagging Housing Market. Sep. 10, 2017 1:43 AM ET. in applications to buy a home. Over the past few weeks, purchase activity has slumped to a six-month low, even though rates.

"Purchase applications were down this week after soaring early in the year. However, softening house price appreciation along with increasing inventory of homes on the market – and historically low mortgage rates – should give a boost to the spring home buying season," Sam Khater, Freddie Mac’s chief economist, said in a press release.

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Here’s why seasonality matters in the housing market. existing home sales continue to increase with an average month-over-month growth rate of 10% each month until June.. the home-selling.

Mortgage rates moved up slightly after weeks of moderating, but are still low enough not to affect the upcoming prime home buying period, according to Freddie Mac. 30-Year FRM 15-Year FRM 5/1-year arm average rates 4.46% 3.89% 3.96% Fees & Points 0.5 0.4 0.3 Margin N/A N/A 2.75 "Purchase applications were down this week after