{"id":1771,"date":"2017-03-10T00:00:00","date_gmt":"2017-03-10T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/"},"modified":"2017-03-10T00:00:00","modified_gmt":"2017-03-10T00:00:00","slug":"mortgage-rates-zoom-to-2017-high","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/","title":{"rendered":"Mortgage Rates Zoom to 2017 High"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"37.676720804331\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"20.821345707657\"><!--paging_filter--><\/p>\n<p>The 30-year fixed-rate <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> surged to its highest average of the year this week, reaching 4.21 percent, Freddie Mac reports in its weekly mortgage market survey.\u00a0<\/p>\n<p>\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, the 30-year mortgage rate moved with treasury yields and jumped 11 basis points to 4.21 percent. The strength of Friday\u2019s employment report and the outcome of next week\u2019s Federal Open Market Committee meeting are likely to set the direction of next week\u2019s survey rate.\u201d\u00a0<\/p>\n<p>Freddie Mac reported the following national averages with mortgage rates for the week ending March 9:\u00a0<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages<\/strong> averaged 4.21 percent, with an average 0.5 point, rising from last week\u2019s 4.10 percent average. Last year at this time, 30-year rates averaged 3.68 percent.\u00a0<\/li>\n<li><strong>15-year fixed-rate mortgages<\/strong> averaged 3.42 percent, with an average 0.5 point, increasing from last week\u2019s 3.32 percent average. A year ago, 15-year rates averaged 2.96 percent.\u00a0<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages <\/strong>averaged 3.23 percent, with an average 0.4 point, increasing from last week\u2019s 3.14 percent average. A year ago, 5-year ARMs averaged 2.92 percent.\u00a0<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<p>\u00a0<\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/hieLLzA2qx4\/mortgage-rates-zoom-2017-high\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30-year fixed-rate mortgage surged to its highest average of the year this week, reaching 4.21 &hellip; <a title=\"Mortgage Rates Zoom to 2017 High\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/\"><span class=\"screen-reader-text\">Mortgage Rates Zoom to 2017 High<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1772,"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-1771","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\/hieLLzA2qx4","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":2091,"url":"https:\/\/amazingproperty.com.ng\/blog\/borrowers-face-higher-mortgage-rates\/","url_meta":{"origin":1771,"position":0},"title":"Borrowers Face Higher Mortgage Rates","author":"Amazing Property","date":"March 17, 2017","format":false,"excerpt":"For the second consecutive week, mortgage rates were on the rise. \"As expected, the [Federal Reserve's Federal Open Market Committee] announced its first rate hike of 2017\u00a0and hinted at additional increases throughout the remainder of the year,\" says Sean Becketti, Freddie Mac's chief economist. \"Although our survey was conducted prior\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":3409,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/","url_meta":{"origin":1771,"position":1},"title":"Mortgage Rates Set a New 2017 Low This Week","author":"Amazing Property","date":"April 14, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage continues to drop this week, setting a new low for 2017, Freddie Mac reports in its weekly mortgage market survey. This marks the fourth consecutive week that 30-year rates have fallen. \"Following a weak March jobs report, the 10-year Treasury yield dropped about 5 basis points,\u201d\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":3139,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-surprise-by-nearing-2017-low\/","url_meta":{"origin":1771,"position":2},"title":"Mortgage Rates Surprise By Nearing 2017 Low","author":"Amazing Property","date":"April 7, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage dropped lower for the third consecutive week and neared its low for 2017, Freddie Mac reports in its weekly mortgage market survey. \"The 10-year Treasury yield was relatively unchanged this week, while the 30-year mortgage rate fell 4 basis points to 4.1 percent,\u201d says Sean Becketti,\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":3708,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-drop-below-4\/","url_meta":{"origin":1771,"position":3},"title":"Mortgage Rates Drop Below 4%","author":"Amazing Property","date":"April 21, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage has fallen to its lowest average since November 2016, Freddie Mac reports in its weekly mortgage market survey. \u201cThe 30-year mortgage rate fell 11 basis points this week to 3.97 percent, dropping below the psychologically-important 4 percent level for the first time since November,\u201d says Sean\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":7574,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-up-slightly-this-week\/","url_meta":{"origin":1771,"position":4},"title":"Mortgage Rates Up Slightly This Week","author":"Amazing Property","date":"December 21, 2017","format":false,"excerpt":"Average mortgage rates inched up, but the 30-year fixed-rate mortgage remains below 4 percent and continues to offer home buyers and refinancers historically low rates. \u201cThirty-year fixed mortgage rates have been bouncing around in a narrow 10 basis points range since October,\u201d says Len Kiefer, Freddie Mac\u2019s chief economist. \u201cThe\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":"Rates122217.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates122217.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\/12\/rates122217.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates122217.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4770,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hit-lowest-averages-of-the-year\/","url_meta":{"origin":1771,"position":5},"title":"Mortgage Rates Hit Lowest Averages of the Year","author":"Amazing Property","date":"May 26, 2017","format":false,"excerpt":"[ad_1] Mortgage rates dipped to their lowest averages of the year this week, Freddie Mac repots. \u201cAs we predicted, the 30-year mortgage rate fell 7 basis points this week in a delayed reaction to last week\u2019s sharp drop in Treasury yields,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe survey\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\/05\/rates052517.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\/05\/rates052517.png?fit=600%2C244&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/rates052517.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\/1771","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=1771"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/1771\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/1772"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=1771"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=1771"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=1771"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}