Mortgage rates drop for the first time in four weeks

The 30-year fixed-rate mortgage averaged 4.14% for the week ending May 2, down from last week when it averaged 4.2%, Freddie Mac said. Over the four week period, the 30-year FRM increased 12 basis points. A year ago at this time, the 30-year fixed-rate mortgage averaged 4.55%.

 · That means you can apply for mortgage loans with 100 different lenders over a 30-day period and all 100 of those inquiries will be ignored. That means they’ll have absolutely no impact on your FICO scores. When the mortgage inquiries age past 30 days they become fair game and will be seen by the FICO scoring system.

For more than a month, mortgage rates have been in a free fall.. The 15-year fixed rate fell below 4 percent for the first time since early September.

Fannie markets more than $3 billion in distressed loans The Digital Mortgage Borrowers Love About Cloudvirga: Cloudvirga’s digital mortgage point-of-sale (POS) software, powered by the intelligent Mortgage Platform, uniquely combines a world-class borrower experience with a truly automated.Fannie Mae Increases Small-Loan Limit The company is boosting the limit to $6 million. Fannie Mae is raising the loan limit of small mortgage loans to $6 million from $3 million or less nationwide and $5 million or less in high-cost markets.

Mortgage rates rose to the week’s highest levels yesterday, but they moved back down today . Although there have been slightly better days over the past 2 weeks, today’s improvement is enough to.

So will rate shopping hurt my credit score? Yes and no. You probably know that each time you apply for a new line of credit you’re normally hit with a hard inquiry. Hard inquiries can negatively affect your score, so moving from lender to lender and piling up a bunch of these in a small period of time is probably not a great idea.

People on the move: July 21 Plaza Home Mortgage to allow bank statements for its non-QM loan  · National mortgage lender newrez (formerly New Penn Financial) announced the expansion of its SMART Loan Series, a line of Non-QM, non-agency loan prod NewRez Announces Enhancements to its SMART.

Rates Drop for the First Time After Elections January 15, 2017 By Chris Hamler Brexit caused a celebration for the US housing market, bringing down mortgage interest rates to near historic lows and making homeownership available to American homebuyers more than ever.

30-Year Fixed Mortgage Rates Drop First Time in 6 Weeks; Current Rate is 3.88%, According to Zillow mortgage rate ticker – The 30-year fixed mortgage rate hovered between 3.94 and 3.84. 4 New york mortgage rates 3.89% 3.97 % -8 Pennsylvania Mortgage Rates 3.86% 3.90% -4 texas mortgage Rates 3.87% 3.94% -7 Washington.

SAN DIEGO (KGTV) – Mortgage brokers spent the past week. do all the time," he says. "We can see if there’s a benefit for a refinance with it, with the rate drop for you right now. Or if you’re.

"If that drop in yields sticks, mortgage rates are likely to follow in next week’s survey," Becketti said. Click to Enlarge. (Source: Freddie Mac) The 30-year fixed rate mortgage increased to 3.91% for the week ending June 15, 2017. This is an increase from last week’s 3.89% and from last year’s 3.54%.