Current Mortgage interest Rate ChartActual mortgage rate Chart
Stay up to date to make the best mortgage choice for your home. Mean interest rate from a poll of more than 100 creditors, as Freddie Mac PMMS reports. They are only averages, designed to provide a glimpse of general trends in the markets, not specifically available prices.
Please click here for an individual offer. Results come from Freddie Mac's monthly mortgage rate collection and there was little exercise. While the 30-year rate increased by only two base points to 3.97% from 3.95%, the 15-year rate increased to 3.22% from 3.19%. Please click here to review current mortgage interest for FHA, VA, USDA and traditional lending.
Are mortgage interest levels going to rise or drop? Last Wednesday's 0.25% interest rate hike by the Fed Funds was almost given for the year before the Fed's last few Fed meeting. The mortgage interest rate continues to move within a narrow spread. The relatively calm next two week will not be a period of sharp interest rate fluctuations, as they have clearly shown a tenacious vein, as the 30-year year is still below 4.00%.
Before the last round of Fed meeting of the Fed's global economic news committee (FOMC), the Fed had almost cabled its plans as it had in fact implemented a 0.25% rate hike, the first in almost a decade. 1.3 billion euros in the last week of the Fed's session. Market participants are still trying to find out whether the interest rate hike was justified, but the interest rate threshold was so widely anticipated that it had very little effect on overall mortgage interest levels.
The majority expects the next interest rate hike to take place sometime in early 2016. Meanwhile, we could see rate hikes below 4.00% in the coming few week. However, do not anticipate a large downtrend as we are now in a clearly delineated upside interest rate context. Please click here for the current tariffs.