Base Rate Cut Could Boost Mortgage Market (PRWeb via Yahoo! News) Financial solutions company Think Money have welcomed the Bank of England's shock base rate cut to 3%, commenting that the mortgage market could benefit as a result - but also warned that some lenders may be slow to pass on the base rate cut due to the continued uncertainty surrounding the mortgage market.

Mortgage rates fall for 3rd straight week (UPI) WASHINGTON, Nov. 20 (UPI) -- Interest rates for 30-year, fixed-rate U.S. mortgages fell for the third consecutive week, the Federal Home Loan Mortgage Corp. said Thursday.

Mortgage rates fall for 3rd straight week (Moldova.org) Interest rates for 30-year, fixed-rate U.S. mortgages fell for the third consecutive week, the Federal Home Loan Mortgage Corp. said Thursday.The 30-year, fixed-rate mortgage averaged 6.04 percent with an average 0.7 points in the week ending Nov. 20, Freddie Mac said.A week ago, 30-year, fixed-rate mortgages averaged 6.14 percent. A year ago, they averaged 6.2 percent. At 5.73 percent with an ...

Business briefs: 30-year mortgage holds steady at 6% (The Sarasota Herald-Tribune) SOUTHWEST FLORIDA -- The average rate for a conventional 30-year fixed mortgage on a owner-occupied, single-family home with 20 percent down on Wednesday afternoon was 6 percent, the same as it was on Tuesday, Sarasota's Sentinel Mortgage reported.

Mortgage rates on their way down - Kiwibank joins in (The New Zealand Herald) Mortgage rates are on the way down today, with two banks - Westpac and Kiwibank, cutting rates in anticipation of another Official Cash Rate cut. Kiwibank says it has today cut its variable home loan rate to 7.95 per cent - what is says is "significantly less than the big Australian-owned banks."

Mortgage applications fell 6.2% last week: MBA (Market Watch) Mortgage applications fall a seasonally adjusted 6.2% on a week-to-week basis as lower interest rates on fixed-rate mortgages fail to stir prospective homebuyers to action, the Mortgage Bankers Association says.

Mortgages: Mortgage rates drop again: Freddie Mac (Market Watch) Mortgage rates fell this week, reflecting continued concerns about a slowing economy, Freddie Mac’s chief economist said on Thursday.

Mortgage rates drop for third week (AP via Yahoo! Finance) Mortgage rates dropped for a third straight week, reflecting the impact the weakening economy is having on financial markets.

(AFX UK Focus) 2008-11-19 21:41 US mortgage rates unchanged on Wednesday -BestInfo (Interactive Investor) NEW YORK, Nov 19 (Reuters) - The average rate on a 30-year U.S. mortgage with no upfront points was unchanged at 6-1/8 percent on Wednesday, according to BestInfo Inc. The 30-year mortgage rate with one upfront point was unchanged at 5-7/8 percent. The 30-year mortgage rate with two upfront points also was unchanged, at 5-5/8 percent. The Mortgage Point Monitor is provided exclusively to Reuters ...

UPDATE: Mortgage Applications Fell 6.2% Last Week: MBA (Nasdaq) CHICAGO (Dow Jones) -- Mortgage applications fell a seasonally adjusted 6.2% last week from the prior week, as lower interest rates on fixed-rate mortgages failed to stir prospective homebuyers to action, the Mortgage Bankers Association reported on Wednesday.