30 year Fixed Mortgage Rates Trend30-year development of fixed mortgage interest rates
12%, 4.81%. September Trend is not your friend.
The mortgage rates remain constant until the public holidays are over.
Mortgages rates remained broadly unchanged this weekend, stopping the three-week decline in the 30-year fixed interest rates. The latest figures published on Thursday by Freddie Mac show that the 30-year fixed interest spread rose for the first consecutive year in almost a full calendar year, to 4.52 per cent with an annual mean of 0.5 points. It was 4.51 per cent a week ago and 3.82 per cent a year ago.
A 15-year fixed-interest mean fell to 3.97 per cent at an annual mean of 0.5 points. The figure was 3.98 per cent a year ago and 3.12 per cent a year ago. A five-year mean of variable interest rates increased to 3.85 per cent with an mean of 0.3 points. The figure was 3.82 per cent a year ago and 3.14 per cent a year ago.
"Mortgages rose last weekend as mortgage rates recovered after reports that the United States and Mexico approved the main features of a new trading agreement," said Aaron Terrazas, Zillow's chief economic officer. Monetary market is usually calm when they go into the workday holidays, but that could be changed next weekend, with several high-profile Fed speeches on the Tuesday and Wednesday calender.
" Bankrate.com, which publishes a mortgage trend index every week, found that almost half of the analysts it interviewed say interest rates will stay relatively flat in the next fortnight. One of the predictions that interest rates will stay constant is Elizabeth Rose, head of marketing at Nations Lending. "Following a short run, the Pfandbriefe have again shifted into a deeper, lateral pattern," said Rose.
"Mortgage rates should stay flat with no surprise in the commercial negotiations." And Jim Sahnger, mortgage developer at C2 Financial, doesn't agree. He' s expecting interest rates to go up. "Interest rates were quite steady this Quarter and, while I say they will be higher next Wednesday, I don't anticipate much," Sahnger said.
Combined with the opening of trading negotiations and the bond and interest rate environments, it could get a little hot." Meanwhile, mortgage requests have fallen, according to the latest Mortgage Bankers Association figures. Compared to the previous weeks, the index of composites in the German economy - a measurement of the entire credit request volumes - fell by 1.7 per cent.
Compared with the preceding weeks, the refinancing index dropped by 3 per cent, while the purchasing index declined by 1 per cent.