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World News Story: Mortgage Requests Rise as Rates Near 10-Month Low

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 · Purchases of new U.S. homes fell in December to a 10-month low, suggesting the post-election jump in mortgage rates pushed out potential buyers. single-family house sales dropped 10.4 percent, the most in almost two years, to a 536,000 annualized pace, Commerce Department data showed Thursday.

WASHINGTON (Reuters) – New U.S. single-family home sales fell to a 10-month low in December after three straight. underlying fundamentals for housing demand, despite the rise in mortgage rates,”.

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5 days ago. As reported by Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage rose by three basis points (0.03%), rising to.

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The central bank has reduced its benchmark interest rate to a record-low 2.5 percent to aid a recovery. complain about that pace,” he said. Spurring the rise in loans are the lowest mortgage rates.

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The other mortgage rates that MBA tracks were unchanged to 8 basis points higher on the week. “Most rates remained close to 10-month lows, which allowed some borrowers with an incentive to.

 · Mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates increase. When the economy pulls back, interest rates.