Average U.S. mortgage rates rose only slightly this week and continued to hover near record. That’s up from last week’s record low of 2.66 percent. "Mortgage rates remained relatively unchanged.
Quick Takes: Mortgage rates hover at near record lows The Wall Street Journal reports that fixed rate mortgages continue to hold at near record lows – 3.88 percent for a 30-year fixed rate and 3.13 percent for a 15-year fixed.
Mortgage rates today, April 4, 2019, plus lock recommendations Mortgage rates today, July 1, 2019, plus lock recommendations mortgage rates today are driven by movements in financial markets worldwide. When the economy heats up, bond price drop, and rates.
Mortgage Rates Continue to Hover. Mortgage rates showed little movement once again this week, continuing to hover near yearly lows, according to the latest data released Thursday by Freddie Mac. The 30-year fixed-rate average bumped up to 4.14 percent with an average 0.7 point.
"Mortgage rates started the year near record lows which should continue to aid the ongoing housing recovery. New home sales rose in November to a two-year high and were up 15.3 percent from the previous November.
Additionally, adjustable-rate mortgages ticked down slightly averaging new record lows for the second straight week. Frank Nothaft, Freddie Mac’s chief economist tells the World Property Channel , "Mortgage rates were little changed this past week, with the average 30-year fixed-rate mortgage at or below 4.00 percent for the fifth consecutive week.
The figure has hovered around record-lows for five straight weeks. The public lending firm reported the rate on 30-year home loans grew slightly to 4 percent, up from 3.98 percent the week before, while the average 15-year mortgage rate was unchanged at 3.3 percent.
Rising Mortgage Rates Thorn in Otherwise Rosy Conditions for Home Buyers – Research Rising Mortgage Rates Thorn in Otherwise Rosy Conditions for Home Buyers – Zillow Research Would-be buyers are still feeling the pinch, as rising mortgage rates slice budgets and eliminate the share of affordable homes.7-Year ARM rates perfect for modern homeowners The greatest benefit of 10 year jumbo ARM and 7 year jumbo ARM loans is the lower introductory rate that they typically offer versus that of long term fixed rate products. And since many people do not stay in the same house for more than seven years, these programs can be a perfect solution.
Southern California home sales hit a four-year low. hit a record high of $583,000 last month, and Los Angeles County’s median price of $615,000 tied the record set in June. Those high home prices,
While mortgage interest rates are not breaking new records this week they continue to stay down near record lows. For FHA streamlines (FHA to FHA refinances) the interest rates have been in the mid to low threes in recent weeks. This can vary based on the age of the current FHA loan though.
According to The Associated Press, record low mortgage rates have helped the housing market, which has suffered greatly since the peak of the financial crisis in 2008. Should rates continue to hover around record lows, both the commercial and residential markets should see an uptick, as purchasing has never been more affordable.