Average US 30-year mortgage rate slips to 4.02 percent

BofA opens debate on lowering mortgage down payments

The five-year adjustable rate average slipped to 3.13 percent with an average 0.5 point.

On Thursday, the benchmark 10-year Treasury yield US10YT=RR fell to a one-month low at 2.18 percent as safety bids for US government bonds grew on worries about a scandal around Brazilian President Michel Temer, spurring a rout in the Brazilian stock market .BVSP.

Quote Attributed to Sean Becketti, chief economist, Freddie Mac.

The 15-year FRM also decreased slightly to 3.27%, down from 3.29% last week, but still up from 2.81% last year.

The larger jumbo 30-year fixed slid to 4.08 percent, and the average 15-year fixed mortgage rate dropped to 3.35 percent. It was 3.29 percent a week ago and 2.81 percent a year ago.

More news: Key moments of Trump-Comey clash and what's come after

Fixed mortgages rates are wobbling near six-month lows, according to the NerdWallet Mortgage Rate Index.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week. President Trump's political troubles sent traders into a stock sell-off mode Wednesday - but yesterday, all was forgotten.

There's nothing like a good old fashioned political crisis to make investors nervous and bring mortgage rates lower.

Meanwhile, mortgage applications dwindled last week, according to the latest data from the Mortgage Bankers Association. This is down from last week's 4.05% but up from last year's 3.58%. "The relative weakness in government application volume suggests that many potential first-time buyers remain on the sidelines due to the lack of entry-level homes on the market".

Related News:

  • Nicky Hayden Suffering From Serious Cerebral Damage: Prognosis

    Nicky Hayden Suffering From Serious Cerebral Damage: Prognosis

    He suffered head and chest injuries in the accident and has been placed in an induced coma, according to reports. Stay close as we will keep you updated on his condition as soon as new details emerge.
    Iranians start voting for next president

    Iranians start voting for next president

    Whoever wins Friday's vote could help shape the choice of the next supreme leader, and in turn the direction of the country. However, Rouhani has history on his side: no sitting President has failed to win a second term since 1981.
    New Video Shows Erdogan Watching Washington Brawl

    New Video Shows Erdogan Watching Washington Brawl

    US lawmakers demanded stronger action. "We should throw their ambassador the hell out of the United States of America ", Sen. The confrontation came after President Donald Trump welcomed Erdogan to the White House on 16 May.
  • McCain: Turkey Ambassador Should Leave US

    McCain: Turkey Ambassador Should Leave US

    Video appeared to show Erdogan's bodyguards hitting and kicking protesters and pulling out guns as D.C. police tried to intervene. They "began aggressively provoking Turkish-American citizens who had peacefully assembled to greet the President".
    'Mom' To Make Planned Parenthood Donation In Place Of Emmys Campaign

    'Mom' To Make Planned Parenthood Donation In Place Of Emmys Campaign

    For example, in an article about the Mom donation, Hollywood Reporter writer Lesley Goldberg wrote : "The news comes as the U.S. Senate is mulling legislation that would block low-income patients from going to Planned Parenthood for preventative care".
    Confederate Monument No. 3 Down, but 4th Won't Be So Easy

    Confederate Monument No. 3 Down, but 4th Won't Be So Easy

    The bill allows local governments to take down a memorial only if voters approve the action at "an election held for that goal ". Dylann Roof, an avowed racist, shot and killed nine black parishioners at the Emanuel African Methodist Episcopal Church.
  • Tornadoes Flatten Homes and Structures in Wisconsin, Oklahoma

    Tornadoes Flatten Homes and Structures in Wisconsin, Oklahoma

    Sam Porter, director of Oklahoma Baptist Disaster Relief, and Anthony Jordan, BGCO executive director-treasurer, met Gov. Fire Chaplain Danny Ringer told reporters at the scene late Tuesday that one person was known dead from the twister.
    Mourinho sweating over Fellaini injury after Southampton draw

    Mourinho sweating over Fellaini injury after Southampton draw

    Southampton couldn't get by Sergio Romero, as Manchester United held the hosts to a scoreless draw at St. Matteo Darmian and Man United will contest the Europa League final without many top players.
    General Sports Todd Pletcher takes sure and steady approach to Preakness

    General Sports Todd Pletcher takes sure and steady approach to Preakness

    First, it has been well documented that Classic Empire was obliterated in the cavalry charge out of the gate at Churchill Downs. I find that any Kentucky Derby run on a wet track, there's kind of a "yeah, but." narrative that follows.
  • OPEC panel looking at deepening, extending oil cuts

    OPEC panel looking at deepening, extending oil cuts

    OPEC members agreed late a year ago to cut collective production at the start of 2017 by 1.2 million barrels a day for six months. The IEA's May report cited strong growth in the shale sector as the reason to revise up its expectations of USA crude output.
    One dead, 12 injured after car hits pedestrians in Times Square

    One dead, 12 injured after car hits pedestrians in Times Square

    Governor Andrew Cuomo and Mayor Bill de Blasio went to the scene , where the mayor, police , and fire officials briefed reporters. A week ago, Rojas was arrested for menacing after he allegedly pulled a kitchen knife on a visitor to his home.
    Overwatch Dance Emotes Coming Soon?

    Overwatch Dance Emotes Coming Soon?

    Players will be able to play on these maps in various modes such as Quick Play, Custom Games, and the Weekly Brawl mode. As for the new Anniversary event skins, these were posted in a video on the Korean Overwatch Twitter page.


Most liked

Former congressman Anthony Weiner pleads guilty in sexting case
The Democratic former US Representative apologised to the teenager, saying: "I have a sickness, but I do not have an excuse". Weiner resigned from Congress in 2011 after admitting to a series of online sexual relationships.

Brazil's Temer: 'I won't resign' amid corruption allegations
JBS representatives did not respond to an email sent by The Associated Press late Wednesday seeking comment. At the same time, a massive corruption scandal involving the state oil company Petrobras was unfolding.

China's Xi calls for S. Korea ties to get back on track
In an apparent fence-mending move, South Korea's new President Moon Jae-In dispatched his envoy Lee Hae-Chan to China after his election victory last week.

Chinese State Media Says US Should Take Some Blame for Cyber-Attack
WannaCry ransomware attack is not affecting devices with Apple's MacOS or those running Linux-based operating systems. In addition, ransomware developers often use pop-up windows that advertise software products that remove malware.

North Korea condemns U.N. Sanctions
However, South Korea's new president Moon Jae-in wants to engage with the North and soothe tensions between the USA and China. He added that China hopes South Korea's new government will "correct the problems" and take measures as soon as possible.

Ross Barkley: Everton boss Ronald Koeman not confident midfielder will stay
Everton have been dealt a huge blow in their attempts to sign Swansea City attacking midfielder Gylfi Sigurdsson this summer after the Iceland worldwide said he isn't "trying to leave" the Welsh side .

Say Hello To The New VW Up GTI
Acceleration from standstill to "hundreds" takes 8.8 seconds, top speed of almost 200 kilometers per hour. The GTI upgrade is predictably subtle but does enough to make this Up look "proper", we reckon.

Cavaliers go one up
Despite winning last season, Lue probably can't wait to figure out what to do with Love against this Golden State team. Kevin Love added a playoff career-high 32 points with 12 rebounds while Tristan Thompson chipped in with 20 points.

ICC Champions Trophy 2017: India announce squad; Rohit Sharma, Ajinkya Rahane included
Manish last played for India against New Zealand in October 2016. "Looking forward to Champions Trophy", he concluded. India begin their Group B campaign against arch-rivals Pakistan at Birmingham on June 4.

In a divided France, challenges await President-elect Macron
There is something I can't figure out that didn't work. "I will be at the head of this combat", she said. As president, Macron said he would "guarantee the unity of the nation and. defend and protect Europe ".

Rohit, Shami included in India's Champions Trophy squad
Shami's absence from the ODI scene stretches back even further, the seamer last featuring at the World Cup in March 2015. MSK Prasad said that they will be grooming Rishabh Pant just like Hardik Pandya and Jasprit Bumrah have been groomed.

John McCain: Throw Turkish ambassador out of US
The diplomatic incident has sparked outrage in Washington and even prompted the State Department to summon the Turkish ambassador. We do not do this here. "There is no excuse for this kind of thuggish behavior", McCain initially tweeted after the incident.

Trump denies any collusion between his campaign and Russian Federation
And Graham said that could impede Congress's "ability to conduct investigations of all things Russian Federation ". That would make it harder to subpoena records of people who could be subjects of the investigation, he added.

Trump slams Comey, once more dismisses Russian Federation probe as "witch hunt"
That appointment and Democratic pleas for more gave Republicans a fresh political talking point Thursday. Mueller, I would jealously guard the witness pool". "The scope of the investigation is still the same".

World Leaders Condemn North Korea Missile Test
The spokesman declined to say where it was bound and added he was not aware how long the Carl Vinson would remain in the region. Kim Jong-un personally oversaw the missile launch on Sunday , and was pictured celebrating with his officials afterward.