Time for Good News – Happy Events in the World of Mortgages – Rate Zip

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Many Americans whose credit ratings dropped during the housing downturn are recovering and ready to move on. Those who filed for Chapter 7 or 13 bankruptcy protection may have tried unsuccessfully.

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This was the worst week for mortgage rates in 3 years – and it may be just the. The good news is that rates are still incredibly low, and in the weeks. there's a chance rates will move to new all-time lows by the end of the. This upcoming event could turn the market into a 'minefield,' says Peter Boockvar.

Current Mortgage Rates for Wednesday, August 9, 2017. August 9, 2017. August 9, 2017 Leave a comment. The geopolitical conflict with North Korea is creating a stir in the markets this morning. Right now, investors are moving more into the safe haven of government bonds, which in turn is putting downward pressure on mortgage rates.

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Of course, there is a very good reason for such cheap mortgage rates, and it’s not the lenders being generous. It’s the fact that the Bank of england base rate has been at a record low of 0.5% for the last 13 months. This has meant that that all mortgages linked directly or indirectly to Base Rate have come down as a result.

If they’re right again, it’ll be more good news for both prospective and existing homeowners. 2018 Mortgage Rate Forecast from Freddie Mac. Now let’s take a look at brother Freddie Mac’s forecast, which you might want to pay close attention to seeing that they release the bellwether mortgage rate survey every week.