The FHFA reported that mortgage contract rates on purchases of newly built homes rose 11 basis points to 4.44 percent over the month of April. Since reaching 3.93 percent in October 2017, mortgage rates on newly built homes have climbed 51 basis points.
And the five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 4.14 percent, up from last week when it averaged 4.10 percent. "We expect rates to continue to rise. Separately,
Rates Continue to Climb Posted at 11:25h in Mortgage Mike’s Daily Rate Commentary by Mike roberts mortgage bonds remain trapped in a strong downward trading channel, as mortgage interest rates approach multi-year highs.
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Fixed mortgage rates were up for the third consecutive week, according to new data from Freddie Mac. The 30-year fixed-rate mortgage (FRM) averaged 4.17 percent for the week ending April 18, up from last week when it averaged 4.12 percent.
After a nice rally yesterday, prices of mortgage backed securities (MBS. That “return” correlates to rates. Around the globe, stock markets are in rally mode after global consumer confidence.
Home prices rose during each month of the first quarter, continuing a climb that began in the early part of this decade, a new report from the federal housing finance agency showed. The FHFA’s.
Prices continue to climb. In March 2016, the FHFA (Federal Housing Finance Agency) reported that home prices rose 0.7% month-over-month and 5.5% year-over-year. according to the Federal Housing Finance Agency’s (FHFA) house price index. "home price gains continue to slow," David M.. How much does the typical American family make?
Mortgage rates will go up (again) Mortgage rates can be difficult to pin down with precision, but experts agree on one thing: Rates will stay north of 5 percent throughout 2019.
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Mortgage rates are expected to climb in 2018, so it might be worth shopping for a mortgage before this long period of low rates takes a turn. The average rate for a 30-year fixed-rate mortgage peaked at 4.44 percent in mid-March before dropping to 4.15 percent at the end of 2017,
the head of the Federal Housing Finance Agency, told Reuters on Wednesday. LIBOR is referenced against $200 trillion worth of U.S. financial products, primarily in interest rate derivatives..