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Mortgage Rates Thursday, April 13: Slide Continues

Mortgage Rates Thursday, April 13: Slide Continues

Last year's average rate of 3.58 percent for a 30-year fixed loan was the lowest since May 2013.

Mortgage rates reset fresh three-month lows, with the benchmark 30-year fixed mortgage rate now 4.22 percent, according to Bankrate.com's weekly national survey.

Variable-rate mortgages accounted for nearly two-thirds of all new agreements in Ireland over the past year. And the average rate on a 5-year adjustable rate mortgage loan was 3.18 percent, down one basis point. 30 year jumbo loan interest rates at the bank have been offered at 3.625% and April of 3.352%. Here's how the CBO summarized why the deficit is going up in 2017: Also starting to go up more, the interest on the national debt - as interest rates increase, that figure will continue to increase - so far, spending on interest for the public debt is up $28 billion compared to a year ago. Mortgage rates tend to follow the same path as long-term bond yields.

Whenever investors are faced with uncertainty in the market, they move toward safe assets such as government bonds. When yields are down, home loan rates are usually lower. The yield on the 10-year Treasury note tumbled to 2.24 percent Wednesday from 2.33 percent a week earlier. The company offers award-winning editorial content, competitive rate information, and calculators and tools across multiple categories, including mortgages, deposits, credit cards, retirement, automobile loans and taxes. It rose to 2.26 percent Thursday morning. Half of this week's panelists expect mortgage rates to remain more or less unchanged in the coming week.

Several closely watched mortgage rates fell today. The market composite index - a measure of total loan application volume - increased 1.5 percent.

The refinance share of mortgage activity accounted for 41.6 percent of all applications, its lowest level since September 2008. Get twice-daily updates on what the St. Louis business community is talking about.


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