Economy

Mortgage rates rise after weeks of declines, Freddie Mac says

Mortgage rates rise after weeks of declines, Freddie Mac says”

At Bank of Melbourne, Bank SA and St. George Bank, the new standard two-year fixed rate for owner-occupiers on P&I is 14 basis points below its former level, at 4.00 per cent (5.14 per cent comparison).

The interest rate on a 30-year fixed mortgage rose to an average of 3.83% from 3.78% in the week ended September 21, according to Freddie Mac.

The rate on a 30-year mortgage is up significantly from 3.48% at the same time in 2016, but it's below a recent peak of 4.32% last December. The 15-year FRM this week averaged 3.13 percent, up from last week when it averaged 3.08 percent. Freddie Mac also predicted a gradual increase in housing starts and moderate increases in mortgage rates as a combined force that will reduce house price growth next year.

6, 2017, photo shows a new home for sale in a housing development in Raeford, N.C. On Thursday, Sept. 21, 2017, Freddie Mac reports on the week's average US mortgage rates.

To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.

The average fee for a 30-year mortgage was unchanged at 0.5 point.



Like this

Latest


21 September 2017
Girl dies after shooting herself when reaching into grandmother's purse for candy
Tampa police are investigating the girl's death but believe there is no reason to doubt the story. "She would hand me tools". Shane Zoller, 22, is the father of three children: one living, another on-the-way and the little girl he will bury Thursday.

21 September 2017
First trailer for Wes Anderson's stop-motion adventure film, Isle Of Dogs
Anderson confirmed in December that Isle of Dogs would mark his first film since 2014's The Grand Budapest Hotel . The fil, features an all-star voice cast, including Bill Murray , Frances McDormand , Jeff Goldblum , F.

21 September 2017
As iPhone Pre-Order Begins, Jio To Sway Customers With Buyback Offers
Unlike the iPhone 8 devices, the iPhone X will be available for pre-order from October 27th and for purchase from November 3rd. Jio is also offering the complimentary subscription to its applications including Jio TV, Jio Music, Jio Cinema, and others.

21 September 2017
Tom Cruise Partially Blamed For 2015 Plane Crash While Filming 'American Made'
The lawsuit , however, was filed against film producers Imagine Entertainment, Vendian Entertainment, and Cross Creek Pictures. According to People , neither the film's studio, Universal, nor a rep for Cruise had any comment to offer.

21 September 2017
Scientists back vaping as chance of quitting cigarettes rises
Almost 1 in 5 (19.8%) quit attempts were successful in the first half of 2017, up from an average of 15.7% over the last decade. The figures come from researchers at University College London with Cancer Research UK supporting the study.

21 September 2017
Woman dragged out of vehicle by her hair during road rage beating
- Two women face battery and burglary charges after an apparent road rage beating near Tampa on Monday, according to WTVT . The witness said she did not see Bailey strike the suspects at any time, but did see the suspects strike her.

21 September 2017
Artificial muscle marks breakthrough in robot research
Heated by a small electric current, the material was capable of expanding to nine times its normal size. A big advantage of these soft muscles is that they can be shaped and reshaped in a variety of ways.

21 September 2017
Hogan announces $9B plan to widen 3 highways
Secretary of the Interior Ryan Zinke about the transfer, and instructed state staffers to "finalize the details". Larry Hogan used this map to illustrate a major traffic improvement project that he announced on Thursday.

21 September 2017
Bill Gates regrets Control-Alt-Delete
Control-Alt-Delete is also the combination of keys used to force the computer to quit when it freezes. Apple users, however, can perform similar actions through a single button.

21 September 2017
Equifax breach leads to CIO and CSO out
However, an Equifax spokesperson said that hiring Mandiant the first time was unrelated to the July 29th incident. Webb is being replaced by Mark Rohrwasser, who had been the International CIO for Equifax since July 2016.



Recommended