{"id":1534,"date":"2017-03-03T00:00:00","date_gmt":"2017-03-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-move-lower-this-week\/"},"modified":"2017-03-03T00:00:00","modified_gmt":"2017-03-03T00:00:00","slug":"mortgage-rates-move-lower-this-week","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-move-lower-this-week\/","title":{"rendered":"Mortgage Rates Move Lower This Week"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"37.132024977698\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"19.803746654773\"><!--paging_filter--><\/p>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates broke a monthlong holding pattern and inched lower this week.<\/p>\n<p>&#8220;The 10-year Treasury yield remained relatively flat this week, while the 30-year mortgage rate fell 6 basis points to 4.1 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cSince the beginning of the year, the 10-year Treasury yield has covered a 22 basis point range. The range of movement for the 30-year has been half that, just 11 basis points.&#8221;<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending March 2:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages: <\/strong>averaged 4.10 percent, with an average 0.5 point, dropping from last week\u2019s 4.16 percent average. A year ago, 30-year rates averaged 3.64 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages: <\/strong>averaged 3.32 percent, with an average 0.5 point, falling from last week\u2019s 3.37 percent average. Last year at this time, 15-year rates averaged 2.94 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.14 percent, with an average 0.4 point, falling from last week\u2019s 3.16 percent average. A year ago, 5-year ARMs averaged 2.84 percent.<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/sgBkDBH71eE\/mortgage-rates-move-lower-week\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mortgage rates broke a monthlong holding pattern and inched lower this week. &#8220;The 10-year Treasury &hellip; <a title=\"Mortgage Rates Move Lower This Week\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-move-lower-this-week\/\"><span class=\"screen-reader-text\">Mortgage Rates Move Lower This Week<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1535,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"jetpack_seo_schema_type":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[4],"tags":[408,1295,312,41,818],"class_list":["post-1534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-mortgage","tag-mortgage-rate","tag-mortgages","tag-property","tag-real"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/03\/sgBkDBH71eE","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":5406,"url":"https:\/\/amazingproperty.com.ng\/blog\/after-brief-hike-mortgage-rates-fall-below-4\/","url_meta":{"origin":1534,"position":0},"title":"After Brief Hike, Mortgage Rates Fall Below 4%","author":"Amazing Property","date":"July 21, 2017","format":false,"excerpt":"Following two weeks of rate increases, the 30-year fixed-rate mortgage settled back below a 4 percent average this week.\u00a0 \u201cContinued economic uncertainty and weak inflation data pushed rates lower this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist.\u00a0\u201cThe 10-year Treasury yield fell 5 basis points this week. The 30-year mortgage\u2026","rel":"","context":"In &quot;Property buyer&quot;","block_context":{"text":"Property buyer","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/property-buyer\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/rates072117R.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/rates072117R.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/rates072117R.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6685,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ease-this-week\/","url_meta":{"origin":1534,"position":1},"title":"Mortgage Rates Ease This Week","author":"Amazing Property","date":"October 20, 2017","format":false,"excerpt":"Borrowers may be able to lock in lower interest rates this week, as the 30-year fixed-rate mortgage dips to a 3.88 percent average. \u201cRates came down slightly this week, ending a brief two-week streak of increases,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield dipped 6 basis\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"Rates102017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102017.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102017.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":2438,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-retreat-slightly-this-week\/","url_meta":{"origin":1534,"position":2},"title":"Mortgage Rates Retreat Slightly This Week","author":"Amazing Property","date":"March 24, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage decreased slightly, following two months of steady rises. \"The 10-year Treasury yield fell about 10 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved with Treasury yields and dropped 7 basis points to 4.23 percent. This marks the greatest\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":4891,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-still-dropping\/","url_meta":{"origin":1534,"position":3},"title":"Mortgage Rates Are Still Dropping","author":"Amazing Property","date":"June 8, 2017","format":false,"excerpt":"[ad_1] Home buyers may want to rush to lock in: The 30-year mortgage rate hit its lowest level in nearly seven months this week, Freddie Mac reports. \"The 10-year Treasury yield fell 3 basis points this week,\u201d said Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved in\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates060817.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":1771,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/","url_meta":{"origin":1534,"position":4},"title":"Mortgage Rates Zoom to 2017 High","author":"Amazing Property","date":"March 10, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage surged to its highest average of the year this week, reaching 4.21 percent, Freddie Mac reports in its weekly mortgage market survey.\u00a0 \u201cThe 10-year Treasury yield rose about 10 basis points this week,\u201d said Sean Becketti, Freddie Mac\u2019s chief economist. \u201cFor the first time in weeks,\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":827,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-is-it-a-year-full-of-surprises\/","url_meta":{"origin":1534,"position":5},"title":"Mortgage Rates: Is It a &#039;Year Full of Surprises&#039;?","author":"Amazing Property","date":"February 17, 2017","format":false,"excerpt":"[ad_1] Mortgage rates fell slightly for the second consecutive week, taking a path that many economists haven't expected. \"For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year,\" says Sean Becketti, Freddie Mac's chief economist.\u2026","rel":"","context":"In &quot;Opportunities In New Markets&quot;","block_context":{"text":"Opportunities In New Markets","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/opportunities-in-new-markets\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/rates021617.png?fit=600%2C244&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/rates021617.png?fit=600%2C244&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/rates021617.png?fit=600%2C244&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1534","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/comments?post=1534"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1534\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1535"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1534"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1534"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1534"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}