Mortgage Rate GraphHypothecary interest chart
FreeDie Mac: Mortgages are hitting another new low | 07.09.2017
Mortgages continued to reach new highs this year as Treasury yields touched a new 2017 low for the second year in a row, according to Freddie Mac's latest Primary Mortgage Market Survey. "The 10-year Treasury return dropped nine bps this weekend and for the second time in a row touched a new 2017 low," said Freddie Mac chief economist Sean Becketti.
This 30-year fixed-rate mortgage fell to 3.78% in the weekly period ending 7 September 2017. 15-year-old FRM also fell, falling to 3.08% from 3.12% last weekend. But the five-year Treasury-indexed hybride floating rate mortgage rose slightly from 3.14% last weekend to 3.15% this weekend. Mr Freddie Mac declared that the 30-year fixed-rate mortgage followed in the footsteps of the 10-year Treasury rate and reached another new low for 2017.
"The 30-year mortgage rate followed and fell by four base points to an annual low of 3.78%," Becketti said. According to Greg McBride, Bankrate.com's senior VP and CFO, an economic expert pointed out that concerns about North Korea could keep mortgage interest levels low. "Jitters over North Korea, plus low inflation and the probability that it will keep the Fed on the edge for the rest of the year, keep pushing down bonds and mortgage interest rates," McBride said.
What's next in the mortgage rate chart?
Bank of England's key interest rate, which fell in 2009 and fell again in August 2016, was only part of the reason for the decline in mortgage interest rate. You can use regions/attractions to get to the diagram. Diagram type: Line diagram Line with 42 datapoints. Diagram has X-axis with display of value.
There is a Y-axis on the graph that displays the %. Diagram Graph. 5-year interest is 38% lower. Santander will reduce interest on eight mortgages in the morning and launch several new ones, among them a two-year floating rate mortgage at 1.14 per cent. Jump forward, create a graph, and browse between datarows using regions/attractions. Diagram type: Line diagram.
Diagram has X-axis with display of value. There is a Y-axis on the graph that shows the mean value of %. Diagram Graph. Parliament argued that this was the cheapest mortgage rate ever. The new market participants are increasing the downwards pressures on interest payments. Atom Bank, the pure smart phone company, quoted a five-year interest rate of 1.29 at the beginning of the monthly and pulled it last weekend after its financing line was depleted within a few working days.
This is due to a worsening real estate sector with fewer deals and low credit expansion prospects. As more and more borrower choose longer-term interest rate fixes, there is also a declining mortgage markets. Jump forward, create a graph, and browse between datarows using regions/attractions. Diagram type: Line diagram. Diagram has X-axis with display of value.
There is a Y-axis on the graph showing the number of mortgage deals. Diagram Graph.