Mortgage rates rise to 4.4 percent as Treasury yields climb

Mortgage rates rise to 4.4 percent as Treasury yields climb
Depressed levels aren’t able to repair housing market
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Mortgage refinancing requests climb 21 percent

Mortgage refinancing requests climb 21 percent
Applications for mortgage refinancings jumped last week, while purchase applications fell. The Mortgage Bankers Association said Wednesday overall applications rose 14.6 percent from a week earlier, driven by a 21 percent increase in applications to refinance home loans. Applications for loans to purchase homes, however, tumbled 8.5 percent from a [...]

Office vacancy rates continue to climb

Office vacancy rates continue to climb
Vacancy rates for office space across the country continued to climb during the third quarter, says a new report from CB Richard Ellis Ltd
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Mortgage Rates Climb – Average 30-Year Above 5%

The average rate on a 30-year fixed rate mortgage rose by 12 basis points from 4.93% to 5.05% according to data from Freddie Mac. The BestCashCow averages also showed a rise, with the average 30-year fixed rate mortgage moving from 5.031% to 5.042%. 30-year mortgage rates continue to dance around the 5% range.