Mortgage Rates Hit Seven-Year High as Ultracheap Era Ends – A strong economy and inflation concerns helped push up home-loan rates. Every cryptocurrency’s nightmare scenario is happening to Bitcoin Gold ; Economics. The Rich Get the Most Out of College
The average 30-year mortgage rate topped 5% on Friday to a Fresh 7-Year High. > Mortgage rates had a bad week and an especially bad day following a much stronger-than-expected jobs report. > Mortgage rates were already operating fairly close to long-term highs, but today’s move easily took them to new highs.
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WASHINGTON – Long-term US mortgage rates are up for the fifth straight week, with the key 30-year rate reaching its highest level in more than seven years. Costs for would-be home buyers continue to climb. Mortgage buyer Freddie Mac said that the average rate on 30-year fixed-rate mortgages jumped to 4.72 percent last week from 4.65 percent.
When is my first mortgage payment due? You may get more time than you think to make your first mortgage payment after the closing. You would think it would be due the 1 st of the month following your closing, but it’s usually not. Luckily, you get an entire month before you have to make that first payment.
Long-Term Mortgage Rates Hit a Seven-Year High. May 22, 2018 By Jeff Hoyt Leave a Comment. It Will Cost You More to Buy a Home. The housing market topped a new threshold over the past week. Buoyed.
And federal mortgage buyer Freddie Mac said rates for a 30-year fixed mortgage are now at 4.9%, also more than a seven-year high. Mortgage rates are climbing thanks to a healthy economy.
MBS RECAP: Bonds Close GREEN After 3 Rough Days Experts: 2017 Looks to be the Year in Which Rising Mortgage Rates Finally Impact Home Value Growth – Research 9 things to know about selling a home in spring 2017.. While mortgage rates have risen in the last year, experts say 2017 will still see strong home sales as job growth continues and people who.Updated daily, get current rates for CDs, Municipal Bonds (Muni Bonds), Money Market Funds, Corporate Bonds, US Treasury Notes, Bonds,& T-bills, Insured bank deposit, personal line of credit, Mortgage-backed securities and more.Mortgage Rates Recover Modestly After Treasury Auction Mortgage bonds are ‘only’ down 40 basis points after today’s ok 10yr treasury auction results-it was actually worse and just rebounded a bit. Four ongoing mortgage bond market themes have caused a huge selloff in recent weeks: QE2 is focused on Treasuries and not mortgages, modestly improving economy, Chinese inflation, and profit taking after a boom that began November 2008.
Mortgage Rates Hit Seven Year High June 5, 2018 by Pete Leave a Comment (GLOBE NEWSWIRE) – Freddie Mac today released the results of its Primary Mortgage Market Survey, showing that after plateauing in recent weeks, mortgage rates reversed course and reached a new high.
Mortgage Rates Hit New Seven Year High. Posted at 12:46h in Mortgage Mike’s Daily Rate Commentary by Mike Roberts. Yesterday’s market update was on point, with the prediction that bond prices would fall happening today.
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The highest level since 2011. The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to an average 3.82% this week, up from 3.77% last week and 3.13% last year. "Healthy consumer spending and higher commodity prices spooked the bond markets and led to higher mortgage rates over the past week," Khater said.
Sam Khater, Freddie Mac’s chief economist, says, "The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven year high of 4.94 percent – up 11 basis points from last week."