{"id":3409,"date":"2017-04-14T00:00:00","date_gmt":"2017-04-14T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/"},"modified":"2017-04-14T00:00:00","modified_gmt":"2017-04-14T00:00:00","slug":"mortgage-rates-set-a-new-2017-low-this-week","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/","title":{"rendered":"Mortgage Rates Set a New 2017 Low This Week"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"38.124889282551\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"21.785651018601\"><!--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> 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.<\/p>\n<p>&#8220;Following a weak March jobs report, the 10-year Treasury yield dropped about 5 basis points,\u201d explains Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate fell 2 basis points to 4.08 percent.\u201d<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending April 13, 2017:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages <\/strong>averaged 4.08 percent, with an average 0.5 point, falling from last week\u2019s 4.10 percent average. A year ago, 30-year rates averaged 3.58 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages<\/strong> averaged 3.34 percent, with an average 0.5 point, falling slightly from last week\u2019s 3.36 percent average. Last year at this time, 15-year rates averaged 2.86 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages<\/strong> averaged 3.18 percent, with an average 0.4 point, falling from last week\u2019s 3.19 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\/R4okGeJLBOw\/mortgage-rates-set-new-2017-low-week\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30-year fixed-rate mortgage continues to drop this week, setting a new low for 2017, Freddie &hellip; <a title=\"Mortgage Rates Set a New 2017 Low This Week\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/\"><span class=\"screen-reader-text\">Mortgage Rates Set a New 2017 Low This Week<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3410,"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-3409","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\/04\/R4okGeJLBOw","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":3708,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-drop-below-4\/","url_meta":{"origin":3409,"position":0},"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":7319,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-sink-lower-this-week\/","url_meta":{"origin":3409,"position":1},"title":"Mortgage Rates Sink Lower This Week","author":"Amazing Property","date":"December 1, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage is averaging lower than it did a year ago, and remains well below the 4 percent threshold this week. \u201cThe 30-year fixed mortgage rate fell two basis points to 3.9 percent in this week\u2019s survey, but we closed our survey prior to a surge in long-term\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":"Rates113017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates113017.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\/rates113017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates113017.png?fit=620%2C252&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":3409,"position":2},"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":6145,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-strike-new-2017-low\/","url_meta":{"origin":3409,"position":3},"title":"Mortgage Rates Strike New 2017 Low","author":"Amazing Property","date":"September 8, 2017","format":false,"excerpt":"For the third consecutive week, the 30-year fixed-rate mortgage averaged a new year-to-date low. \u201cThe 10-year Treasury yield fell 9 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate followed, dropping 4 basis points to a year-to-date low of 3.78 percent.\u201d Freddie Mac reports\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":"rates_090717.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates_090717.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\/09\/rates_090717.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates_090717.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3139,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-surprise-by-nearing-2017-low\/","url_meta":{"origin":3409,"position":4},"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":6525,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hit-highest-levels-in-6-weeks\/","url_meta":{"origin":3409,"position":5},"title":"Mortgage Rates Hit Highest Levels in 6 Weeks","author":"Amazing Property","date":"October 6, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage inched upwards this week, averaging 3.85 percent. It\u2019s the highest average in six weeks, Freddie Mac reports. \u201cAfter holding steady last week, rates ticked up this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield rose 8 basis points, while the 30-year mortgage\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":"Rates100617.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates100617.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\/rates100617.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates100617.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3409","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=3409"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3409\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/3410"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3409"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3409"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3409"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}