Current 15 year Mortgage interest Rates

15 years current mortgage interest rates

Duration of the loan: Years. A 12-month forecast for the 15-year mortgage rate can be found in the table at the top of this page. You can find forecasts for many other interest rates by clicking on them.

FreeDie Mac: For the first in July, mortgage rates exceeded 4% | 18.01.2018.

Mortgages rates rallied further last weekend and finally reached 4% for the first consecutive month since last summers, according to Freddie Mac's latest Primary Mortgage Market Survey. The Freddie Mac survey, published on Thursday mornings, shows that the 30-year fixed-rate mortgage has risen to an annual mean of 4.04% for the weekly period ending 18 January 2018.

Thus a new tendency for mortgage interest rates to rise persisted. Mortgage last weekend, the 30-year-old checks at 3.99%. Indeed, this week's 4.04% mean was the first since July 2017 that the key interest fell by 4%. The interest rates are also the highest since May 2017. One year ago, the interest at this point was 4.09% on avarage.

Last Week, Zacks, who provides research for investors, foretold that interest rates would go up because of the increase in Treasury investment returns, and that's exactly what was happening. Here is Zacks explaining the relation between treasury returns and mortgage rates: Mortgage rates and treasury returns are strongly correlated, as shown by a 30-year chart of traditional mortgage rates and 10-year treasury returns using Federal Reserve Economic Data.

The mortgage rates are higher than Treasury returns because mortgage rates are more risky than government bond rates. There is a danger that some home owners may get into difficulties financially and fail to meet their mortgage liabilities. This is the discrepancy or spreads between Treasury returns and mortgage interest rates. As Treasury returns increase, so do mortgage rates.

And, as Deputy Chief Economist Len Kiefer of Freddie Mac explained, interest rates are unlikely to drop below 4%, if at all, for some considerable length of now. In addition, Freddie Mac's FRM 15-year -old FRM reported an average of 3.49% compared to 3.44% last weekend. One year ago at that point in the year, the 15-year-old FRM stood at an average of 3.34%.

Meanwhile, the 5-year floating interest mortgage was 3.46% on average this weekend, the same as last weekend. One year ago at that point in the year, the 5-year ARM was 3.21% on average.

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