30 year Fixed Rate todayThirty years fixed interest today
FreeDie Mac: Mortgages reach highest interest rate since March 2017 | 25.01.2018
Mortgages interest rate levels resumed their continuous rise last weekend, reaching their highest levels since March 2017, as Freddie Mac's latest Primary Mortgages Market Survey shows. The Freddie Mac paper, published on Thursday mornings, shows that the 30-year fixed-rate mortgages have risen to an interest rate of 4.15% for the weekly period ending 25 January 2018.
This is an increase of 11 bps over last weeks when interest levels reached 4.04%. It was also last weekend that interest rate levels rose by 4% for the first consecutive month since July 2017. Freddie Mac's chief economist Len Kiefer says it looks as if interest will not fall below 4% in the near-term.
A year ago at that point, the 30-year fixed-rate mortgages were averaging 4.19%, but as shown in the graph below, interest on mortgages has been rising quite steadily since August 2017. Interest rate levels for the 15-year fixed-rate and 5-year treasury-indexed variable-rate hybrids also rose last weekend.
Freddie Mac's FRM 15-year-old average this weekend was 3.62% compared to last week's average of 3.49%, according to Freddie Mac's survey. A year ago at that point in the year, the 15-year-old FRM stood at an average of 3.4%. In addition, the 5-year floating rate hybrid loan was on average 3.52% this weekend, up from 3.46% last weekend.
These quotations are only a selection of the many available lending programmes and instalments. Feel free to browse the Prices & Services section of our website and use cheque records to display a range of lending programmes and interest rate options tailored to your funding needs. Prices valid from: Specimen above payout is $150,000 per annum for the acquisition or refinancing of undisbursed real estate, a 60% principal amount, and an applicant's 740 principal amount.
The prices quoted are indicative only and are changeable without prior notification. The current interest rate and/or your points may vary as many different elements are involved in the provision of a mortgages credit. Specimen above payment does not take into consideration insurances and tax and discount points needed for lower rate.
If you have any further queries, please call our Mortgages Call Center at 813-621-7511 or call our toll-free number 800-999-5887 ext. 86391 or click here for a sales rep to get in touch with you.