Arab Today, arab today us fixed mortgage rates edge down after hitting 2 year high
Last Updated : GMT 06:15:10
Arab Today, arab today
Arab Today, arab today

US fixed mortgage rates edge down after hitting 2 year high

Arab Today, arab today

Arab Today, arab today US fixed mortgage rates edge down after hitting 2 year high

Washington - XINHUA

U.S. fixed mortgage rates further edged down this week after hitting a two-year high two weeks ago, helping alleviate concerns over a slowdown in the housing market, according to the Primary Mortgage Market Survey released on Thursday by Freddie Mac. The U.S. mortgage giant said that the 30-year fixed-rate mortgage (FRM) fell to 4.31 percent in the week ending July 25, down from 4.37 percent in the previous week, marking the second consecutive week of declines after reaching the highest level since July 2011. The 15-year FRM, a popular choice for those looking to refinance, dropped to 3.39 percent this week, down from 3.41 percent last week. Meanwhile, the five-year Treasury-indexed hybrid adjustable- rate mortgage (ARM) edged down to 3.16 percent, and the one-year Treasury-indexed ARM was little changed at 2.65 percent. Freddie Mac Vice President and Chief Economist Frank Nothaft said that the declining mortgage rates can further invigorate the housing market amid recent strong homes sales. \"Thus far, existing home sales for June were the second highest since November 2009 and new home sales were the strongest since May 2008,\" Nothaft noted. The booming sales also put upward pressure on home prices, which increased for the 16th consecutive month in May and was 7.3 percent above the year-ago level, according to the Federal Housing Finance Agency.

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today us fixed mortgage rates edge down after hitting 2 year high Arab Today, arab today us fixed mortgage rates edge down after hitting 2 year high

 



Arab Today, arab today
Arab Today, arab today Fadi explains secrets of  Nancy Ajram's newlook

GMT 18:23 2017 Friday ,24 February

Fadi explains secrets of  Nancy Ajram's newlook
Arab Today, arab today Tourist guide explains types of tourism

GMT 18:28 2017 Saturday ,25 February

Tourist guide explains types of tourism
Arab Today, arab today Expresses Algerian history by woody figures

GMT 13:26 2017 Friday ,24 February

Expresses Algerian history by woody figures
Arab Today, arab today Iran complying with nuclear deal

GMT 07:14 2017 Saturday ,25 February

Iran complying with nuclear deal
Arab Today, arab today Ayat Abaza says state TV presented major stars

GMT 03:52 2017 Sunday ,26 February

Ayat Abaza says state TV presented major stars
View News in Arabic - Business: عقارات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Reading therapy relieves mental disorders

GMT 15:39 2017 Friday ,24 February

Reading therapy relieves mental disorders
Arab Today, arab today UK appoints 1st Scotland Yard chief in 188 years

GMT 05:14 2017 Thursday ,23 February

UK appoints 1st Scotland Yard chief in 188 years
Arab Today, arab today Penguins in the age of dinos

GMT 11:44 2017 Saturday ,25 February

Penguins in the age of dinos
Arab Today, arab today Pluto's unruly moons

GMT 06:31 2015 Thursday ,04 June

Pluto's unruly moons
Arab Today, arab today 'Constructive' Vauxhall talk with union

GMT 08:54 2017 Saturday ,25 February

'Constructive' Vauxhall talk with union
Arab Today, arab today Tesla back into red but revenue grows

GMT 07:27 2017 Thursday ,23 February

Tesla back into red but revenue grows
Arab Today, arab today Actress Lobna Abdel Aziz proud of her career

GMT 06:08 2017 Thursday ,23 February

Actress Lobna Abdel Aziz proud of her career
Arab Today, arab today Ex-yoga missionary unleashes rage

GMT 12:16 2017 Thursday ,23 February

Ex-yoga missionary unleashes rage

GMT 07:36 2017 Wednesday ,22 February

Wafaa Amer is happy for Sherihan’s return

GMT 12:35 2017 Tuesday ,21 February

63-Year-Old Woman Delivers Baby

GMT 22:42 2017 Thursday ,23 February

Nasima Gamei revives heritage in jewelries

GMT 10:28 2017 Wednesday ,22 February

Milan laughs while Rome cries

GMT 20:33 2017 Friday ,17 February

To release new antiques collection

GMT 10:20 2017 Thursday ,23 February

Brazil's top diplomat resigns

GMT 11:54 2017 Thursday ,23 February

Saudis await visitors but will they come?

GMT 13:12 2015 Saturday ,09 May

Sheikh Sultan opens Sharjah Centre

GMT 20:02 2017 Tuesday ,21 February

Nohan Seyam designs beautiful accessories
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday