Mortgage Refinance Rates Fall to 2-Week Low

Investopedia10-02

Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it'...

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But it'...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-refinance-rates-fall-to-2-week-low-oct-1-2024-8721194\">Source Link</a>\n\n</div>\n","source":"investopedia_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Mortgage Refinance Rates Fall to 2-Week Low</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nMortgage Refinance Rates Fall to 2-Week Low\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-10-02 00:17 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.investopedia.com/mortgage-refinance-rates-fall-to-2-week-low-oct-1-2024-8721194><strong>Investopedia</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it'...</p>\n\n<a href=\"https://www.investopedia.com/mortgage-refinance-rates-fall-to-2-week-low-oct-1-2024-8721194\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE00BMPRXQ63.HKD","symbol_name":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","start_time":0,"source_url":"https://www.investopedia.com/mortgage-refinance-rates-fall-to-2-week-low-oct-1-2024-8721194","article_id":"2472939304","we_media_id":null,"thumbnails":["https://www.investopedia.com/thmb/x3dM9Z_HbqYK4FwjzFu3_GtOO78=/6192x4128/filters:no_upscale():max_bytes(150000):strip_icc()/Refiserious-Zinkevych-92a3983dd9894b2d8cd2cd1ce2ee8df8.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2472939304","pubTimestamp":1727799433,"sourceInfo":{"source_id":"investopedia_highlight","name":"Investopedia"},"weMediaInfo":null,"summary":"Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it's also about a quarter percentage point above the Sept. 16 low of 6.01%—the cheapest level seen in 19 months.Rate movement was down for most other refi loan types as well Monday. But the 15-year refinance average was one of only a couple climbers, rising a bold 14 basis points. The 20-year refi average meanwhile declined 3 points, and the jumbo 30-year refi average fell 15 basis points.National Averages of Lenders' Best Rates – Refinance. What Causes Mortgage Rates to Rise or Fall?The level and direction of the bond market, especially 10-year Treasury yields. Competition between mortgage lenders and across loan types. Because any number of these can cause fluctuations at the same time, it's generally difficult to attribute any single change to any one factor.Macroeconomic factors kept the ","collect":0,"end_time":0,"defaultTopTitle":"investopedia.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE00BMPRXQ63.HKD":"NEUBERGER BERMAN NEXT GENERATION CONNECTIVITY FUND \"A\" (HKDHDG) ACC","LU0348723411.USD":"ALLIANZ GLOBAL HI-TECH GROWTH \"A\" (USD) INC","Z":"Zillow","BK4551":"寇图资本持仓","BK4548":"巴美列捷福持仓","TMF":"3倍做多20年期以上国债ETF-Direxion","IE00BMPRXR70.SGD":"Neuberger Berman 5G Connectivity A Acc SGD-H","BK4079":"房地产服务","BK4585":"ETF&股票定投概念","IE00BMPRXN33.USD":"NEUBERGER BERMAN 5G CONNECTIVITY \"A\" (USD) ACC","BK4588":"碎股","BK4141":"半导体产品"},"translate_title":"抵押贷款再融资利率降至两周低点","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"US10Y.BOND":0.9,"Z":0.9,"US7Y.BOND":0.9,"US6M.BOND":0.9,"US5Y.BOND":0.9,"US3Y.BOND":0.9,"US30Y.BOND":0.9,"US2Y.BOND":0.9,"US12M.BOND":0.9,"TMF":0.9,"US912797GW17.BOND":0.6,"US912797HE00.BOND":0.6},"content_text":"Refinance rates on 30-year mortgages subtracted another 2 basis points Monday, lowering the national average to 6.27%. That's now the lowest reading for 30-year refi rates in almost two weeks. But it's also about a quarter percentage point above the Sept. 16 low of 6.01%—the cheapest level seen in 19 months.\n\n\n Rate movement was down for most other refi loan types as well Monday. But the 15-year refinance average was one of only a couple climbers, rising a bold 14 basis points. The 20-year refi average meanwhile declined 3 points, and the jumbo 30-year refi average fell 15 basis points.\n\n\n \n\n\n\n\n\n\nNational Averages of Lenders' Best Rates – Refinance\n\n\nLoan Type\nRefinance Rates\nDaily Change\n\n\n\n\n30-Year Fixed\n6.27%\n-0.02\n\n\nFHA 30-Year Fixed\n6.20%\nNo Change\n\n\nVA 30-Year Fixed\n5.43%\n+0.08\n\n\n20-Year Fixed\n6.04%\n-0.03\n\n\n15-Year Fixed\n5.12%\n+0.14\n\n\nFHA 15-Year Fixed\n5.73%\nNo Change\n\n\n10-Year Fixed\n6.71%\nNo Change\n\n\n7/6 ARM\n7.46%\n-0.04\n\n\n5/6 ARM\n7.54%\n-0.04\n\n\nJumbo 30-Year Fixed\n6.46%\n-0.15\n\n\nJumbo 15-Year Fixed\n6.69%\n-0.26\n\n\nJumbo 7/6 ARM\n7.37%\n-0.14\n\n\nJumbo 5/6 ARM\n7.46%\n-0.07\n\n\nProvided via the Zillow Mortgage API\n\n\n\n\n\nOccasionally some rate averages show a much larger than usual change from one day to the next. This can be due to some loan types being less popular among mortgage shoppers, such as the 10-year fixed rate, resulting in the average being based on a small sample size of rate quotes.\n\nImportant\nThe rates we publish won’t compare directly with teaser rates you see advertised online since those rates are cherry-picked as the most attractive vs. the averages you see here. Teaser rates may involve paying points in advance or may be based on a hypothetical borrower with an ultra-high credit score or for a smaller-than-typical loan. The rate you ultimately secure will be based on factors like your credit score, income, and more, so it can vary from the averages you see here.\n Since rates vary widely across lenders, it's always wise to shop around for your best mortgage refinance option and compare rates regularly, no matter the type of home loan you seek.\n\n\n\n\n\n\n\n Calculate monthly payments for different loan scenarios with our Mortgage Calculator.\n\n\n\n\n  What Causes Mortgage Rates to Rise or Fall?  \n Mortgage rates are determined by a complex interaction of macroeconomic and industry factors, such as:\n\n\n\nThe level and direction of the bond market, especially 10-year Treasury yields\nThe Federal Reserve's current monetary policy, especially as it relates to bond buying and funding government-backed mortgages\nCompetition between mortgage lenders and across loan types\n\n\n Because any number of these can cause fluctuations at the same time, it's generally difficult to attribute any single change to any one factor.\n\n\n Macroeconomic factors kept the mortgage market relatively low for much of 2021. In particular, the Federal Reserve had been buying billions of dollars of bonds in response to the pandemic's economic pressures. This bond-buying policy is a major influencer of mortgage rates.\n\n\n But starting in November 2021, the Fed began tapering its bond purchases downward, making sizable reductions each month until reaching net zero in March 2022.\n\n\n Between that time and July 2023, the Fed aggressively raised the federal funds rate to fight decades-high inflation. While the fed funds rate can influence mortgage rates, it doesn't directly do so. In fact, the fed funds rate and mortgage rates can move in opposite directions.\n\n\n But given the historic speed and magnitude of the Fed's 2022 and 2023 rate increases—raising the benchmark rate 5.25 percentage points over 16 months—even the indirect influence of the fed funds rate has resulted in a dramatic upward impact on mortgage rates over the last two years.\n\n\n The Fed maintained the federal funds rate at its peak level for almost 14 months, beginning in July 2023. But on Sept. 18, the central bank announced the first rate cut in what's expected to be a series of decreases in 2024 and likely 2025. The first reduction was by 0.50 percentage points.\n\n\n The Fed's next rate announcement will be made Nov. 7.\n\n\n  How We Track Mortgage Rates  \n The national and state averages cited above are provided as is via the Zillow Mortgage API, assuming a loan-to-value (LTV) ratio of 80% (i.e., a down payment of at least 20%) and an applicant credit score in the 680–739 range. The resulting rates represent what borrowers should expect when receiving quotes from lenders based on their qualifications, which may vary from advertised teaser rates. © Zillow, Inc., 2024. Use is subject to the Zillow Terms of Use.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"economic","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2472939304"}