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2012-05-17 - Mortgage Rates Hit Fresh Lows: 30-Year at 3.79%
These weekly data and a score of other housing figures have been closely watched as economists look for affirmation of a trend -- be it improvement or continued distress -- and as homeowners and prospective buyers wrestle with their own particular situations, which vary greatly by region. When it comes to rates, some of the factors hitting home are originating further away. The European debt crisis, in particular, is having an effect, according to Freddie Mac vice president Frank Nothaft.
"The European debt crisis overshadowed improving economic indicators for the U.S. and allowed Treasury bond yields and fixed mortgage rates to ease for another week," said Nothaft, noting that industrial production saw its largest jump since December 2010 and consumer sentiment hit it's highest level since January 2008.
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| 2012-05-18 - Wall Street flat after Facebook IPO fizzles
Stocks were little changed on Friday, reversing earlier gains after Facebook Inc (FB.O) stumbled in its market debut after a delayed opening.
Shares of the social networking giant were volatile in early trading, falling to near breakeven levels after early gains of more than 10 percent. In early trading it was the Nasdaq's most actively traded stock, with more than 100 million shares traded in the first five minutes of trading.
After a delay in the opening print that drove up anxiety levels among traders and onlookers outside the Nasdaq, the company's closely watched stock began trading at $42.05, compared with an IPO price of $38. It rose as high as $45 before pulling back.
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Today's Rates (May. 20, 2012)
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| Loan Program |
Rate |
Point |
APR |
| 30 Yr Fixed |
3.625 |
0.000 |
3.649 |
| 15 Yr Fixed |
3.000 |
0.000 |
3.052 |
| 10 Yr Fixed |
2.750 |
0.000 |
2.667 |
| 20 Yr Fixed |
3.375 |
0.000 |
3.418 |
| 5 Yr Arm |
2.625 |
0.000 |
3.069 |
| 7 Yr Arm |
2.875 |
0.000 |
3.513 |
| 10 Yr Arm |
3.250 |
0.000 |
3.472 |
| 30 yr Conf. Jumbo |
3.875 |
0.000 |
3.935 |
| 15 yr Conf. Jumbo |
3.375 |
0.000 |
3.445 |
| 10/1 Con. Jumbo Arm |
3.625 |
0.000 |
3.749 |
| 7/1 Con. Jumbo Arm |
3.250 |
0.000 |
3.847 |
| 5/1 Con. Jumbo Arm |
3.125 |
0.000 |
3.576 |
| 30 yr Key Jumbo |
5.000 |
0.500 |
5.562 |
| 15 yr key Jumbo |
4.250 |
0.250 |
4.368 |
| Rates updated daily at 11am EST |
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