Now that the Fed has raised rates, will mortgage rates follow suit, resuming their climb as expected? Paradoxically, probably not right away. Where mortgage rates are headed in 2019 | Fox Business
This morning brings the week’s first. by the inflation drama of the late 70’s and early 80’s. In fact, it’s only really been in the past 20 years that inflation has been relatively well-behaved.
Mortgage rates spiked higher leading into this week’s Federal Reserve meeting, climbing for the third week in a row and the fourth time in the past five, rising to multi-year highs.
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Mortgage rates are on a tear, increasing rather dramatically from record lows set just a month ago. The increase in average mortgage rates this week was the sharpest increases in months for fixed conventional rates. 30 year rates are now averaging 4.16 percent, an increase of 28 basis points week over week and 15 year rates are now at 3.32 percent, an increase 29 basis points week over week.
What’s Ahead For Mortgage Rates This Week – January 8, 2018 Kurt Clements January 8, 2018 Real Estate Leave a Comment Last week’s economic reports included readings on construction spending, minutes of the most recent meeting of the Fed’s Federal Open Market Committee.
What’s Ahead For Mortgage Rates This Week – December 18, 2017 cbc national bank mortgage Rates 0 Comment Last week’s economic reporting included readings on inflation, core inflation and the Post-meeting statement of the Fed’s Federal Open Market Committee.
The 30-year fixed-rate mortgage has averaged 4.00% so far this year. The 30-year fixed-rate mortgage averaged 3.92% in the holiday-shortened November 22 week, mortgage provider Freddie Mac said Wednesday. That’s down three basis points compared to last week. The 15-year fixed-rate mortgage averaged 3.32%, up one basis point. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.22%, up from 3.21%.
Oil prices inched back down to $52 from $53 a barrel (good for mortgage rates, because energy prices play a large role in creating inflation) The yield on 10-year Treasuries was down at 2.09.
What’s Ahead. This week’s scheduled economic reports include readings on retail sales, the National Association of Home Builders Housing Market Index and Commerce Department readings on housing starts and building permits issued. Weekly readings on mortgage rates and new jobless claims will also be released.
Borrowing Power Amidst Rising Mortgage Rates Basement level mortgage rates are always a welcome sign for homebuyers and refinancers. As rates bounce off the bottom, it’s never too soon to think about what you can do to combat rising rates. If you’re at the mercy of rising rates, you still have options to keep your rates and monthly payments low.