{"id":23044,"date":"2021-12-03T06:00:00","date_gmt":"2021-12-03T06:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-remain-stable-for-now\/"},"modified":"2021-12-06T11:01:39","modified_gmt":"2021-12-06T11:01:39","slug":"mortgage-rates-stayed-stable","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-stayed-stable\/","title":{"rendered":"Mortgage Rates Stayed Stable"},"content":{"rendered":"<p>&nbsp;<\/p>\n<div><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" data-attachment-id=\"2909\" data-permalink=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-banks-propose-one-year-job-insurance-scheme\/mortgage-jpg\/\" data-orig-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?fit=1280%2C720&amp;ssl=1\" data-orig-size=\"1280,720\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"mortgage.jpg\" data-image-description=\"&lt;p&gt;Mortgage Rates Stayed Stable\u00a0&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?fit=1024%2C576&amp;ssl=1\" class=\"aligncenter size-large wp-image-2909\" src=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?resize=640%2C360&#038;ssl=1\" alt=\"Mortgage Rates Stayed Stable\u00a0\" width=\"640\" height=\"360\" srcset=\"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?resize=1024%2C576&amp;ssl=1 1024w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?resize=300%2C169&amp;ssl=1 300w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?resize=768%2C432&amp;ssl=1 768w, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?w=1280&amp;ssl=1 1280w\" sizes=\"auto, (max-width: 640px) 100vw, 640px\" \/><\/div>\n<div>\n<div class=\"content-push push\">\n<div class=\"layout-constrain\">\n<p><!-- PAGE CONTENT --><\/p>\n<div class=\"\">\n<div class=\"region-content\">\n<div class=\"main-content no-left-sidebar\">\n<div class=\"pane-node-body pane pane--nodebody\">\n<div class=\"pane__content\">\n<div class=\"field field--body\">\n<div class=\"field-items\">\n<div class=\"field-item even\">\n<h2>Mortgage Rates Stayed Stable this week .<\/h2>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates held steady this week as the world awaits more information about the severity of the omicron variant of COVID-19 and ongoing supply chain issues. The 30-year fixed-rate mortgage averaged 3.11%, Freddie Mac reports.<\/p>\n<p>\u201c <strong>Mortgage rates stayed stable <\/strong>notwithstanding volatility in the financial markets,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cThe consistency of rates in the face of changes in the economy is primarily due to the evolution of the pandemic, which lingers and continues to pose uncertainty. This low mortgage rate environment <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">offers<\/a> favorable conditions for refinancing.\u201d<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Dec. 2:<\/p>\n<ul>\n<li>30-year fixed-rate mortgages: averaged 3.11%, with an average 0.6 point, rising slightly from last week\u2019s 3.10% average. Last year at this time, 30-year rates averaged 2.71%.<\/li>\n<li>15-year fixed-rate mortgages: averaged 2.39%, with an average 0.6 point, dropping from last week\u2019s 2.42% average. A year ago, 15-year rates averaged 2.26%.<\/li>\n<li>5-year hybrid adjustable-rate mortgages: averaged 2.49%, with an average 0.3 point, increasing from last week\u2019s 2.47% average. A year ago, 5-year ARMs averaged 2.86%.<\/li>\n<\/ul>\n<p>Freddie Mac reports average commitment rates along with average points to better reflect the total upfront cost of obtaining a mortgage.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>&nbsp; Mortgage Rates Stayed Stable this week . Mortgage rates held steady this week as the &hellip; <a title=\"Mortgage Rates Stayed Stable\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-stayed-stable\/\"><span class=\"screen-reader-text\">Mortgage Rates Stayed Stable<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":2909,"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":[724],"tags":[4751,408,1295,1292,4268,4269,4270,4271,4272,4273,4274,4275,4276,4277,4278,4279,4280,4281,4282,4283,4284,4285,4286,4287,4288,4289,4290,4291,4292,4293,4294,4295,4296,4297,4298,4299,4300,4301,4302,4303,4304,4305,4306,4307,4308,4309,4310,4267,312,41],"class_list":["post-23044","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-mortgage","tag-amazing","tag-mortgage","tag-mortgage-rate","tag-mortgage-rates","tag-mortgage-rates-30-year-fixed","tag-mortgage-rates-apr","tag-mortgage-rates-are-going-up","tag-mortgage-rates-arizona","tag-mortgage-rates-as-of-today","tag-mortgage-rates-australia","tag-mortgage-rates-calgary","tag-mortgage-rates-california","tag-mortgage-rates-chart-today","tag-mortgage-rates-chase","tag-mortgage-rates-edmonton-2020","tag-mortgage-rates-election","tag-mortgage-rates-england","tag-mortgage-rates-estimate","tag-mortgage-rates-europe","tag-mortgage-rates-excellent-credit","tag-mortgage-rates-expected-to-drop","tag-mortgage-rates-explained","tag-mortgage-rates-in-california","tag-mortgage-rates-in-canada","tag-mortgage-rates-in-florida","tag-mortgage-rates-in-texas","tag-mortgage-rates-increase","tag-mortgage-rates-investment-property","tag-mortgage-rates-iowa","tag-mortgage-rates-ireland","tag-mortgage-rates-ohio","tag-mortgage-rates-on-investment-property","tag-mortgage-rates-ontario","tag-mortgage-rates-ontario-2021","tag-mortgage-rates-oregon","tag-mortgage-rates-ottawa","tag-mortgage-rates-over-time","tag-mortgage-rates-over-time-graph","tag-mortgage-rates-rbs","tag-mortgage-rates-record-low","tag-mortgage-rates-refinance","tag-mortgage-rates-right-now","tag-mortgage-rates-rising","tag-mortgage-rates-san-diego","tag-mortgage-rates-scotland","tag-mortgage-rates-seattle","tag-mortgage-rates-second-home","tag-mortgage-rates-stayed-stable","tag-mortgages","tag-property"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":14628,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-back-above-3-will-they-keep-rising\/","url_meta":{"origin":23044,"position":0},"title":"Mortgage Rates Back Above 3%. Will They Keep Rising?","author":"Amazing Property","date":"October 1, 2021","format":false,"excerpt":"Mortgage rates are hovering near their record lows. \u201cConsumers shouldn\u2019t panic . The 30-year fixed-rate mortgage averaged 3.01% this week, posting a sharp rise after spending nearly four months below 3%. Economists expect mortgage rates to continue to increase modestly over the next few months. \u201cMortgage rates rose across all\u2026","rel":"","context":"In &quot;Mortgage&quot;","block_context":{"text":"Mortgage","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/mortgage\/"},"img":{"alt_text":"mortgage rates","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/09_27_18_Mortgage_Rates_Feature.jpg?fit=586%2C330&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/09_27_18_Mortgage_Rates_Feature.jpg?fit=586%2C330&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/09\/09_27_18_Mortgage_Rates_Feature.jpg?fit=586%2C330&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":8532,"url":"https:\/\/amazingproperty.com.ng\/blog\/another-week-of-mostly-flat-mortgage-rates\/","url_meta":{"origin":23044,"position":1},"title":"Another Week of Mostly Flat Mortgage Rates","author":"Amazing Property","date":"April 13, 2018","format":false,"excerpt":"\u00a0 \" Mortgage rates have been holding steady over the past two months \" says Deputy chief economist . Borrowing costs haven\u2019t budged much in recent weeks, offering some relief from the weekly amount increases that had almost become routine at the start of 2018. \u201cMortgage rates have been holding\u2026","rel":"","context":"In &quot;Mortgage&quot;","block_context":{"text":"Mortgage","link":"https:\/\/amazingproperty.com.ng\/blog\/category\/mortgage\/"},"img":{"alt_text":"Mortgage rates","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/rates041318.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\/2018\/04\/rates041318.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/04\/rates041318.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3708,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-drop-below-4\/","url_meta":{"origin":23044,"position":2},"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":8269,"url":"https:\/\/amazingproperty.com.ng\/blog\/5-mortgage-rates-arent-scaring-buyers\/","url_meta":{"origin":23044,"position":3},"title":"5% Mortgage Rates Aren\u2019t Scaring Buyers","author":"Amazing Property","date":"February 13, 2018","format":false,"excerpt":"Mortgage rates are inching higher, and most home buyers seem unfazed by it. Only 6 percent of prospective home buyers recently surveyed said they would stop their home search if mortgage rates rose above 5 percent, according to a new survey released by the real estate brokerage Redfin of more\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":"Redfin Mortgage Rates.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/Redfin_mortgage-rates.png?fit=844%2C585&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":3871,"url":"https:\/\/amazingproperty.com.ng\/blog\/lower-mortgage-rates-boost-loan-demand\/","url_meta":{"origin":23044,"position":4},"title":"Lower Mortgage Rates Boost Loan Demand","author":"Amazing Property","date":"April 26, 2017","format":false,"excerpt":"Total mortgage activity\u2014which includes applications for refinancings and home purchases\u2014rose 2.7 percent on a seasonally adjusted basis as homeowners rushed to take advantage of lower mortgage rates. The refinance market was what drove last week\u2019s increase, rising 7 percent week over week as mortgage rates dropped to the lowest level\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":5032,"url":"https:\/\/amazingproperty.com.ng\/blog\/steadier-mortgage-rates-buoy-loan-demand\/","url_meta":{"origin":23044,"position":5},"title":"Steadier Mortgage Rates Buoy Loan Demand","author":"Amazing Property","date":"June 21, 2017","format":false,"excerpt":"[ad_1] Mortgage applications for refinancings and home purchases remained elevated last week as mortgage rates continued to give consumers incentive to make a move. \"Both the 10-year Treasury yield and the 30-year conventional mortgage fixed rate held steady last week, keeping rates well below the recent highs,\" says Lynn Fisher,\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\/Mortgage_Activity_062117.png?fit=600%2C315&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Mortgage_Activity_062117.png?fit=600%2C315&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/Mortgage_Activity_062117.png?fit=600%2C315&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/04\/mortgage.jpg?fit=1280%2C720&ssl=1","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/23044","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=23044"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/23044\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/2909"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=23044"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=23044"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=23044"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}