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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Photo of Listing #6297132

$179,000

Unit 107 - 625 N Pennsylvania Street

  • 1 Baths
  • 424 SqFt

Townhome/Condo

Denver, CO

MLS® #6297132

Status: Active

Location Location Location Stunning Remodel, 5" Wide Hickory Flooring, New Stainless Steel Kitche...

Brokers Guild-Cherry Creek Ltd. Status: Active

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Photo of Listing #8177665

$179,000

Unit 5 - 2787 Harlan Street

  • 2 Beds
  • 2 Baths
  • 900 SqFt

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Wheat Ridge, CO

MLS® #8177665

Status: Active

Rare Find! Great Investment Property Located In A Highly Desirable Complex. Convenient Location!...

Mainstreet Properties Group LLC Status: Active

Complete Remodel In One Of Denver's Hottest Nei...

Photo of Listing #2441983

$184,900

Unit 5j - 4110 Hale Parkway

  • 1 Beds
  • 1 Baths
  • 597 SqFt

Townhome/Condo

Denver, CO

MLS® #2441983

Status: Active

Complete Remodel In One Of Denver's Hottest Neighborhoods! Outstanding Location Just Blocks Away ...

MB Eisenhard Realty Group Status: Active

2 Blocks Off Cheesman Park! Nice Main Level...

Photo of Listing #3112699

$184,900

Unit 2 - 1243 Vine Street

  • 1 Beds
  • 1 Baths
  • 494 SqFt

Townhome/Condo

Denver, CO

MLS® #3112699

Status: Active

2 Blocks Off Cheesman Park! Nice Main Level Updated Unit With Hardwood Floors And Reserved Pa...

8Z Real Estate Status: Active

2 Blocks Off Cheesman Park! Nice Main Level...

Photo of Listing #8702140

$184,900

Unit 1 - 1243 Vine Street

  • 1 Beds
  • 1 Baths
  • 494 SqFt

Townhome/Condo

Denver, CO

MLS® #8702140

Status: Active

2 Blocks Off Cheesman Park! Nice Main Level Updated Unit With Hardwood Floors And Reserved Pa...

8Z Real Estate Status: Active

Charming 1 Bedroom And 1 Bathroom Private Corne...

Photo of Listing #1542023

$185,000

Unit 204 - 4334 Federal Boulevard

  • 1 Beds
  • 1 Baths
  • 501 SqFt

Townhome/Condo

Denver, CO

MLS® #1542023

Status: Active

Charming 1 Bedroom And 1 Bathroom Private Corner Unit Apartment, Fantastically Located At Mid-poi...

Redfin Corporation Status: Active

Gorgeous Fully Remodeled And Updated Condo In 2...

Photo of Listing #7616187

$190,000

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

First Floor Condo In Very Convenient Stapleton....

Photo of Listing #2116939

$193,108

Unit 107 - 2678 Syracuse Street

  • 2 Beds
  • 1 Baths
  • 817 SqFt

Townhome/Condo

Denver, CO

MLS® #2116939

Status: Active

First Floor Condo In Very Convenient Stapleton. Income Restrictions Apply. Light Filled, Open Flo...

Keller Williams Preferred Realty Status: Active

Beautifully Remodeled Spacious 1-bed 1-bath Con...

Photo of Listing #8732715

$194,900

Unit 404 - 1155 Ash Street

  • 1 Beds
  • 1 Baths
  • 687 SqFt

Townhome/Condo

Denver, CO

MLS® #8732715

Status: Active

Beautifully Remodeled Spacious 1-bed 1-bath Condo In One Of The Hottest Neighborhoods In Town! On...

Madison & Company Properties Status: Active

This Fremont Model Studio Features An Updated K...

Photo of Listing #6318086

$195,000

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

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