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The turnover comes at an uncertain time for the central bank, when officials. They project the U.S. economy to stay healthy but cool a bit, while noting. Their latest projections show they forecast unemployment to fall further and.. I'm 65, my mortgage is paid off and I have $370,000 in savings, so why I.

WASHINGTON – Average long-term U.S. mortgage rates rose this week after a sharp drop the previous week, as global markets continued to whipsaw amid economic disruption in China and uncertainty over.

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Mortgage Rates drop signals continued Uncertainty. A year ago at this time, the 15-year FRM averaged 2.96 percent. 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.24 percent this week with an average 0.4 point, down from last week when it averaged 3.28 percent. A year ago, the 5-year ARM averaged 2.89 percent.

The 30-year fixed mortgage averaged 4.07 percent for the week ending May 16, down from 4.10 percent the previous week. A year ago, mortgage rates stood at 4.61 percent.

Mortgage rates were virtually unchanged on Thursday, continuing to operate in slightly better territory than the multi-month highs seen on Tuesday. That said, a combination of uncertainty in.

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The Bank of Canada diluted its conviction that interest rates will. greater uncertainty about the outlook amid a deeper-than-expected slowdown.. is likely higher — making him a bit of an outlier among industrialized economy bankers.. falling 0.6 percent to C$1.3440 against the U.S. currency at 11:27.

NEW YORK (Reuters) – U.S. mortgage applications edged up last week, led by a jump in requests for refinancing, as home borrowing costs fell to their lowest levels in nearly 17 months on worries.

WASHINGTON (AP) – U.S. long-term mortgage rates were steady to slightly up this week, at their highest levels in nearly eight years and dampening home sales. Mortgage buyer Freddie Mac said Thursday the average rate on a 30-year, fixed-rate mortgage was unchanged from last week at 4.94 percent.

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“Despite lower mortgage rates, home prices remain somewhat high. lower to 70 and the metric charting buyer traffic dropped one point to 48.