Mortgage Rates Fall to 2.5 Year Low
Long-term mortgage interest rates fell to 31-month lows this week
Long-term mortgage interest rates fell to 31-month lows this week
For the second straight month, sales of new U.S. homes fell in May.
After six straight weeks of decreases, 30-year fixed-rate mortgage rates turned around and inched up 0.2% to 4.14%, putting a damper on home loan applications.
Only 4% of U.S. mortgages were delinquent in March
Investor concern over international trade pushed 30-year fixed rate mortgage interest rates down to 3.82%
Mortgage loans were a little easier to get in May, according to the Mortgage Bankers Association.
The number of U.S. refinance applications jumped 6.4% in the latest week.
There are currently over 2,400 programs available nation wide for down payment assistance.
Sales prices for U.S. homes increased by 1% in April from March and made their first annual gain in a year.