During the week ended September 13, 2018, the average rate on a 30-year fixed-rate conventional mortgage jumped to 4.60% with an average 0.5 point, a six-week high and up from 4.54% the week before. Compared with a year ago, the rate is up significantly from 3.78%.
I hate to be the bearer of bad news, but as you might expect, mortgage rates are expected to move higher over the next few years. This isn’t a surprise, given their current historically low levels. But because a 30-year mortgage rate in the high 3% range has become the new normal, some might get sticker shock.
Existing-home sales fall to three-year low, miss estimates Existing-home sales slide to a 3-year low as housing market stumbles ; existing home sales tumble 7%, Largest Plunge Since 2011 ; Pending home sales fall 2.6% in October ; Existing Home Sales.
Mortgage Rates Jump Sharply Higher this Week Mortgage rates are sharply higher this week, following U.S. Treasury yields higher. average 30 year mortgage rates increased almost 30 basis points since the election. 30 year rates are up from 3.49 percent last week before the election to 3.77 percent today.
The rate for a jumbo 30-year fixed-rate mortgage rose from 4.27% to 4.44%, also a three-year high. The average interest rate for a 15-year fixed-rate mortgage increased from 3.57% to 3.66%.
Mortgage Rates Jump to 1-Year High; 30-Year Fixed 3.81% May 30, 2013 Staff 0 Comments Federal Reserve , interest rates , mortgages/housing market Growing expectations that the Federal Reserve will ease its accommodative policy has pushed bond yields higher, resulting in the highest mortgage rates in a year, Freddie Mac said Thursday.
GSE rep and warrant relief tools will improve underwriting: Fitch The Federal Housing Finance Agency’s (FHFA) Office of the inspector general (oig) has released an audit critical of the FHFA for decision making leading to changes in the Representation and Warranty ..Essent’s net income increases 39% on new policy growth All our advertising and e-commerce businesses both continued their growth momentum in the second quarter of 2018 with a 39% and 37% year-on-year. mainly attributable to non-GAAP net income of $2.4.
NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62 percent, according to Bankrate.com’s.
Mortgage rates, which loosely follow the yield on the 10-year Treasury, have been rising for the past few weeks, but are seeing their biggest.
Mortgage Rates Jump to 6-Week High. Posted on September 15, 2018 by Christopher LaRue.. 9:00 pm Equity Mortgage Bankers, Inc., 1651 Avenida Juan Ponce de Len, San Juan, 00909, Puerto Rico TEMAS:-Paso a Paso para lograr un short sale exitoso. -Identifica el "Hardship" de tu cliente.
Generally, a growing economy (inflation) leads to higher mortgage rates and a slowing economy leads to lower mortgage rates. Inflation also greatly impacts home loan rates. If inflation fears are strong, interest rates will rise to curb the money supply, but in times when there is little risk of inflation, mortgage rates will most likely fall.