30-year mortgage rate rises again, now at 4.08% (12/1/2016)
The average FRM reached its highest point of the year this week following a post-election surge in prices – and 50% of experts think the trend will continue.
Mortgage rates keep rising after Trump’s election win (11/28/2016)
Long-term mortgage rates continued to surge last week, rising above the psychological threshold of 4% (to 4.03%) – its highest level since summer 2015.
Some buyers panic after mortgage rates surge (11/18/2016)
Experts, however, suggest calm. Once markets digest the unexpected presidential election results, rates will probably stabilize and perhaps even decline a bit.
Average 30-year mortgage rate jumps to 3.94% (11/17/2016)
Unexpected presidential results pushed rates noticeably higher this week, but experts are divided on what happens next, with 50% thinking they’ll drop a bit soon. Separately, the Fed seems ready to raise short-term interest rates next month.
Average 30-year mortgage rate rises to 3.57% (11/10/2016)
The presidential election could influence mortgage rates. There may be a short-term spike, for example, but it isn’t clear what will happen over the long term.
U.S. average 30-year mortgage rate declines to 3.44% (9/8/2016)
Continued low rates prompted homeowners to refinance loans – refi’s made up 64% of total mortgage applications last week. The 15-year FRM eased slightly to 2.76%.
Freddie Mac lowers mortgage rate predictions (8/17/2016)
Mortgage experts have long predicted rates would increase “soon,” but once again they appear wrong. Freddie now says low rates may be around for a while yet.
Average 30-year mortgage rate falls to new 2016 lows (7/8/2016)
The financial tumult in Europe drove long-term mortgage rates fell to 3.41%, the lowest level since May 2013 – and most experts think they’ll go even lower.
Mortgage rates in free fall since Brexit vote (6/29/2016)
Skittish investors like long-term bonds, and those bonds back long-term mortgages. While weekly numbers aren’t out yet, daily mortgage reports suggest that the average rate is dropping to a three-year low.