{"id":2091,"date":"2017-03-17T00:00:00","date_gmt":"2017-03-17T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/borrowers-face-higher-mortgage-rates\/"},"modified":"2017-03-17T00:00:00","modified_gmt":"2017-03-17T00:00:00","slug":"borrowers-face-higher-mortgage-rates","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/borrowers-face-higher-mortgage-rates\/","title":{"rendered":"Borrowers Face Higher Mortgage Rates"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"36.251221214236\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"19.595254710398\"><!--paging_filter--><\/p>\n<p>For the second consecutive week, <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> rates were on the rise. &#8220;As expected, the [Federal Reserve&#8217;s Federal Open Market Committee] announced its first rate hike of 2017\u00a0and hinted at additional increases throughout the remainder of the year,&#8221; says Sean Becketti, Freddie Mac&#8217;s chief economist. &#8220;Although our survey was conducted prior to the Fed&#8217;s decision, the release of the February jobs report all but guaranteed a rate hike and boosted the 30-year mortgage rate 9 basis points to 4.30 percent this week. Increasing inflation, continued gains in the labor market and the Fed&#8217;s intentions for further rate increases\u2014all three will keep pushing mortgage rates up this year.&#8221;<\/p>\n<blockquote readability=\"2.9545454545455\">\n<p>Fed Votes to Raise Rates: The <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">Housing<\/a> Impact<\/p>\n<\/blockquote>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending March 16:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages <\/strong>averaged 4.30 percent, with an average 0.5 point, rising from last week\u2019s 4.21 percent average. A year ago, 30-year rates averaged 3.73 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages<\/strong> averaged 3.50 percent, with an average 0.5 point, increasing from last week\u2019s 3.42 percent average. Last year at this time, 15-year fixed-rate mortgages averaged 2.99 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages <\/strong>averaged 3.28 percent, with an average 0.4 point, increasing from last week\u2019s 3.23 percent average. Last year at this time, 5-year ARMs averaged 2.93 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\/TlLCEMmokN0\/borrowers-face-higher-mortgage-rates\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the second consecutive week, mortgage rates were on the rise. &#8220;As expected, the [Federal Reserve&#8217;s &hellip; <a title=\"Borrowers Face Higher Mortgage Rates\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/borrowers-face-higher-mortgage-rates\/\"><span class=\"screen-reader-text\">Borrowers Face Higher Mortgage Rates<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2092,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"advanced_seo_description":"","jetpack_seo_html_title":"","jetpack_seo_noindex":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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-2091","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\/TlLCEMmokN0","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2091","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=2091"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/2091\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2092"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=2091"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=2091"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=2091"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}