{"id":3960,"date":"2017-04-28T00:00:00","date_gmt":"2017-04-28T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/following-weeks-of-declines-rates-tick-up\/"},"modified":"2017-04-28T00:00:00","modified_gmt":"2017-04-28T00:00:00","slug":"following-weeks-of-declines-rates-tick-up","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/following-weeks-of-declines-rates-tick-up\/","title":{"rendered":"Following Weeks of Declines, Rates Tick Up"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"36.347673397717\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"19.385425812116\"><!--paging_filter--><\/p>\n<p>For the first time in five weeks, average <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> rates reversed course and edged up.<\/p>\n<p>\u201cThe 10-year Treasury yield rose about 10 basis points this week,\u201d notes Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved with Treasury yields, rising 6 basis points to 4.03 percent. Despite recent swings in mortgage rates,t he <a href=\"https:\/\/amazingproperty.com.ng\/blog\/property-center-nigeria\/\">housing<\/a> market continues to show strength\u2014both existing-\u00a0and new-home sales\u00a0in March exceeded expectations.\u201d<\/p>\n<p>Freddie Mac\u2019s weekly mortgage market survey showed the following national averages for the week ending April 27:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages <\/strong>averaged 4.03 percent, with an average 0.5 point, up from last week\u2019s 3.97 percent average. Last year at this time, 30-year rates averaged 3.66 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages <\/strong>averaged 3.27 percent, with an average 0.4 point, up from last week\u2019s 3.23 percent average. A year ago, 15-year rates averaged 2.89 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages<\/strong> averaged 3.12 percent, with an average 0.4 point, up from last week\u2019s 3.10 percent average. A year ago, 5-year ARMs averaged 2.86 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\/uwu22ak_7v8\/following-weeks-declines-rates-tick-up\"> link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>For the first time in five weeks, average mortgage rates reversed course and edged up. \u201cThe &hellip; <a title=\"Following Weeks of Declines, Rates Tick Up\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/following-weeks-of-declines-rates-tick-up\/\"><span class=\"screen-reader-text\">Following Weeks of Declines, Rates Tick Up<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3961,"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":[12908,543,215,248,344,408,1295,312,41,818],"class_list":["post-3960","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","tag-home-sale","tag-home-sales","tag-housing","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\/uwu22ak_7v8","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":3960,"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":5303,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-push-above-4-average\/","url_meta":{"origin":3960,"position":1},"title":"Mortgage Rates Push Above 4% Average","author":"Amazing Property","date":"July 14, 2017","format":false,"excerpt":"Average mortgage rates are moving up, posting increases for the second consecutive week. \u201cAfter fully absorbing the sharp increases in Treasury yields over the past couple of weeks, the 30-year mortgage rate has cleared the psychologically important 4 percent mark for the first time since May,\u201d says Sean Becketti, Freddie\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\/07\/rates071417.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\/rates071417.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/07\/rates071417.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4201,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-barely-move-this-week\/","url_meta":{"origin":3960,"position":2},"title":"Mortgage Rates Barely Move This Week","author":"Amazing Property","date":"May 5, 2017","format":false,"excerpt":"Mortgage rates were mostly in a holding pattern this week, which may have been welcome news to borrowers after last week\u2019s uptick. \u201cThe 10-year Treasury yield remained relatively flat this week, as did the 30-year mortgage rate, which fell 1 basis point to 4.02 percent,\u201d says Sean Becketti, Freddie Mac\u2019s\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":1771,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/","url_meta":{"origin":3960,"position":3},"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":5697,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-at-lowest-point-in-6-weeks\/","url_meta":{"origin":3960,"position":4},"title":"Mortgage Rates at Lowest Point in 6 Weeks","author":"Amazing Property","date":"August 11, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage reversed course this week, averaging 3.90 percent.\u00a0 \u201cAfter holding relatively flat last week, the 10-year Treasury yield fell 4 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate moved in tandem with Treasury yields.\u201d Freddie Mac reports the following national\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":"rates081017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates081017.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\/08\/rates081017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/08\/rates081017.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6525,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hit-highest-levels-in-6-weeks\/","url_meta":{"origin":3960,"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\/3960","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=3960"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/3960\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/3961"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=3960"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=3960"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=3960"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}