Current 15 Mortgage Rates15 Current mortgage interest rates
The above prices apply to a $200,000 loan.
Mortgage rates currently available for Thursday, May 24, 2018
Records of yesterday's meeting of the Federal Open Market Committee also play a role in the development of bonds and mortgage rates. What's the mortgage rate? Freddie Mac Primary Mortgage Market Survey published a few seconds ago shows that mortgage rates have risen to new seven-year high.
Given the rise in long-term sovereign yield, this was no big shock. This is what the Economic and Housing Research Group had to say about prices this week: "Mortgage rates rose last weekend to 4.66 per cent, the highest since 5 May 2011 (4.71 per cent). In 2018, mortgage interest rates have recorded the most sustainable rise in over 40 years at the beginning of the year.
By May, rates had increased in 15 of the first 21 weeks to 71 per cent, the highest rate since Freddie Mac began to track these rates for a full year in 1972. It is important to remember that Freddie Mac PMMS information is gathered earlier this month and does not necessarily represent current industry trends.
We have seen, for example, the return on the 10-year Treasury grade, which is the best measure of where mortgage rates are going and has fallen several base points in recent years. Mortgages rates tend to move in the same vein as the 10-year return, so it is likely that interest rates across the country are lower than what the survey shows.
The mortgage rates are getting higher and higher. In spite of the moderate decline in the last few weeks, the long-term forecast for interest rates is expected to rise over time. Claims for US jobless benefit in the US totaled 234,000 in the weekly from 19/05/18. That' 11,000 more than the year before. Remarkable happenings this week:
If he' s not currently penning on mortgage-related subjects, you can find him gambling ping-pong or whammying on his electrician.