Home Buyers Come Out Despite Higher Rates

Posted by Goodnight Team on Thursday, December 22nd, 2016 at 11:26am.

According to the Mortgage Bankers Association's Weekly Applications Survey, average mortgage rates rose yet again last week. In fact, rates were up across all loan categories, including 30-year fixed-rate mortgages with both conforming and jumbo balances, loans backed by the Federal Housing Administration, and 15-year fixed-rate loans. But despite higher rates, the number of Americans requesting applications for home loans rose from the week before. Michael Fratantoni, MBA's chief economist, told CNBC that application demand may have bumped up in anticipation of the Fed raising interest rates last week. “Mortgage rates increased at least partially as a result of the Federal Reserve's rate hike and move to a slightly more hawkish stance,” Fratantoni said. “Borrowers may have gotten applications into their lender in advance of the FOMC announcement, as most observers anticipated an increase in the Fed's rate target at the December meeting.” Still, though the Fed did raise rates, average mortgage rates are still well below their historical norm – meaning there are still opportunities for homeowners looking to refinance or buyers hoping to lock in a low rate. The MBA's weekly survey has been conducted since 1990 and covers 75 percent of all retail residential mortgage applications. 

 

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Sparkling Clean And Move-in Ready Two Bedroom O...

Photo of Listing #4203660

$179,000

Unit 205 - 234 S Brentwood Street

  • 2 Beds
  • 1 Baths
  • 813 SqFt

Townhome/Condo

Lakewood, CO

MLS® #4203660

Status: Active

Sparkling Clean And Move-in Ready Two Bedroom One Bath Condo Located Just North Of The Belmar Sho...

STERLING REAL ESTATE GROUP INC Status: Active

Exceptional Value! Completely Updated And Remod...

Photo of Listing #1941647

$199,900

Unit 904 - 1155 Ash Street

  • 1 Beds
  • 1 Baths
  • 687 SqFt

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Denver, CO

MLS® #1941647

Status: Active

Exceptional Value! Completely Updated And Remodeled 1 Bedroom, 1 Bathroom 9th Floor Condo With Cl...

Realty One Group Premier Status: Active

Upgraded 2 Bedrooms With Granite Counter Tops, ...

Photo of Listing #5575091

$199,900

Unit F103 - 8555 Fairmount Drive

  • 2 Beds
  • 2 Baths
  • 943 SqFt

Townhome/Condo

Denver, CO

MLS® #5575091

Status: Active

Upgraded 2 Bedrooms With Granite Counter Tops, Stainless Steel Appliances, New Carpet, Tile And M...

Brokers Guild-Cherry Creek Ltd. Status: Active

Gorgeous Fully Remodeled And Updated Condo In 2...

Photo of Listing #7616187

$200,000

Unit 304 - 4334 Federal Boulevard

  • 1 Beds
  • 1 Baths
  • 517 SqFt
  • 0.21 Acres

Townhome/Condo

Denver, CO

MLS® #7616187

Status: Active

Gorgeous Fully Remodeled And Updated Condo In 2007. Located In Desirable Sunnyside Just Minutes F...

Jillian Properties Inc Status: Active

This Fremont Model Studio Features An Updated K...

Photo of Listing #6318086

$200,000

Unit 22f - 1020 15th Street

  • 1 Baths
  • 513 SqFt

Townhome/Condo

Denver, CO

MLS® #6318086

Status: Active

This Fremont Model Studio Features An Updated Kitchen With Granite Counters And A Dishwasher. Enj...

Century 21 Trenka Real Estate Status: Active

Ready For You To Move In! Updated Condo Has 2 B...

Photo of Listing #6326040

$210,000

Unit 101 - 1454 Jersey Street

  • 2 Beds
  • 1 Baths
  • 614 SqFt
  • 0.35 Acres

Townhome/Condo

Denver, CO

MLS® #6326040

Status: Active

Ready For You To Move In! Updated Condo Has 2 Bed 1 Bath Plus 1 Car Detached Garage. You'll Also ...

Your Castle Real Estate Inc Status: Active

1 Bed 1 Bath Durango Model Located On The Sunse...

Photo of Listing #3678008

$215,000

Unit 24d - 1020 15th Street

  • 1 Beds
  • 1 Baths
  • 646 SqFt

Townhome/Condo

Denver, CO

MLS® #3678008

Status: Active

1 Bed 1 Bath Durango Model Located On The Sunset Side Of The Building. This Unit Has A Balcony Th...

Century 21 Trenka Real Estate Status: Active

Fantastic Views In The Heart Of Downtown Denver...

Photo of Listing #6359565

$217,500

Unit 20g - 1020 15th Street

  • 1 Beds
  • 1 Baths
  • 799 SqFt

Townhome/Condo

Denver, CO

MLS® #6359565

Status: Active

Fantastic Views In The Heart Of Downtown Denver! Come See This Spacious, Large, One Bedroom Con...

COLDWELL BANKER DEVONSHIRE Status: Active

Big Inspiration In This Modest Artistic Home In...

Photo of Listing #5927508

$219,000

1430 Verbena Street

  • 1 Beds
  • 1 Baths
  • 705 SqFt
  • 0.10 Acres

Residential

Denver, CO

MLS® #5927508

Status: Active

Big Inspiration In This Modest Artistic Home In Carson Colfax. There's No Better Way To Describe ...

SBC Real Estate Advisors Status: Active

Have You Ever Wanted To Live In The Heart Of Ca...

Photo of Listing #9956227

$219,000

Unit 14 - 1343 N High Street

  • 1 Beds
  • 1 Baths
  • 613 SqFt

Townhome/Condo

Denver, CO

MLS® #9956227

Status: Active

Have You Ever Wanted To Live In The Heart Of Capital Hill? Walk To Grocery Stores, Public Transi...

HomeSmart Cherry Creek Status: Active

Location, Location And Location - Mere Minutes ...

Photo of Listing #8908394

$219,995

Unit 107 - 250 Pearl Street

  • 1 Beds
  • 1 Baths
  • 568 SqFt

Townhome/Condo

Denver, CO

MLS® #8908394

Status: Active

Location, Location And Location - Mere Minutes Away From Downtown, Cherry Creek, And Wash Park! T...

COLDWELL BANKER RESIDENTIAL 24 Status: Active

$5k Price Drop! At This Price, You Are Getting ...

Photo of Listing #7887949

$220,000

Unit 305 - 801 N Pennsylvania Street

  • 2 Beds
  • 1 Baths
  • 702 SqFt
  • 0.21 Acres

Townhome/Condo

Denver, CO

MLS® #7887949

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$5k Price Drop! At This Price, You Are Getting 2 Years Of Free Hoa! ***seller Will Pay An Entir...

Madison & Company Properties Status: Active

Income Restricted Unit - Welcome To Skyland Vil...

Photo of Listing #4512045

$220,041

Unit 4 - 3070 Wilson Court

  • 2 Beds
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Denver, CO

MLS® #4512045

Status: Active

Income Restricted Unit - Welcome To Skyland Village, A Stunningly Stylish Complement To Denver’s ...

Vision Real Estate Llc Status: Active

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