Latest 30 year Mortgage RatesRecent 30-year mortgage rates
FreeDie Mac: Mortgages reach highest interest rate since December 2016 | 08.02.2018
The mortgage rates are now at their highest levels for more than a year, thanks to five consecutive weekly rises. Latest Freddie Mac's Primary Mortgage Market Survey figures show that the 30-year firm mortgage interest has just reached its highest point since December 2016. Freddie Mac's reports show that the 30-year fixed-rate mortgage for the weekend ending 8 February 2018 averages 4.32%.
This is an improvement of 10 bps from last weeks average of 4.22%. Indeed, in 2018, the 30-year-old FRM rose every single weekly as the following graph shows. A year ago at that point, the 30-year-old FRM stood at an average of 4.17%. Len Kiefer, Freddie Mac's assistant head of economics, said Monday's mania was the cause of the strong rise this weekend.
"The US midweek 30 year mortgage floor rose 10 bps to 4.32% this weekend. "Mortgage rates followed. Since the beginning of the year, the 30-year interest period on mortgages has risen by 33 base points," added Kiefer. The Freddie Macs review also showed that the 15-year fixed-rate mortgage and the 5-year Treasury-indexed hybrids floating mortgage have also risen.
Freddie Mac's FRM 15-year-old average this weekend was 3.77% compared to last week's average of 3.68%, according to Freddie Mac's survey. One year ago at that point in the year, the 15-year-old FRM stood at an average of 3.39%. It also showed that the 5-year treasury-indexed hybrids ARM was an average of 3.57% this week compared to an average of 3.53% last week. 3.57% of the ARM indexed ARM was 5 years old.
In the past year, the 5-year ARM at this point was 3.21% on average.
U.S. long-term mortgage interest rates down; 30-year-old at 4.55 per cent
ASHINGTON (AP) - Long-term US mortgage rates were low to lower this weeks. A 30-year reference interest marker marks the forth decrease in the last five consecutive weekly period. Hypothecary purchaser Freddie Mac said Thursday, the median exchange rate on 30-year, fixed-rate mortgages was 4.55 per cent, down from 4.57 per cent last week. 4.57 per cent. On the other hand, the 30-year old instalment one year ago was 3.88 per cent on 24 June.
At 4.04 per cent, the median interest for 15-year fixed-interest credits remained stable compared to the previous fortnight. Longgterm interest rates on borrowings are at their highest level for seven years. On 24 May, the annual mortgage interest averaged 30 per cent and peaked this year at 4.66 per cent; the 15-year interest ranged 4.15 per cent on that date.
In order to determine mortgage rates, Freddie Mac asks creditors across the nation between Monday and Wednesday per week. Averages do not involve additional charges, known as points, which most borrower have to owe to get the cheapest interest. Compared to last weeks figure, the mean charge for 30-year solid mortgage remained at 0.5 points.
Fees for 15-year mortgage loans increased to 0.5 points from 0.4 points. Mortgage rates for five-year floating rates increased to 3.87 per cent from 3.83 per cent.