{"id":4973,"date":"2017-06-16T00:00:00","date_gmt":"2017-06-16T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/after-steady-decline-mortgage-rates-rise\/"},"modified":"2017-06-16T00:00:00","modified_gmt":"2017-06-16T00:00:00","slug":"after-steady-decline-mortgage-rates-rise","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/after-steady-decline-mortgage-rates-rise\/","title":{"rendered":"After Steady Decline, Mortgage Rates Rise"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"36.523109243697\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"19.478991596639\"><!--paging_filter--><\/p>\n<p><span style=\"font-size: 14.4px;\"><img data-recalc-dims=\"1\" decoding=\"async\" alt=\"\" src=\"https:\/\/i0.wp.com\/realtormag.realtor.org\/sites\/realtormag.realtor.org\/files\/rmo_files\/images\/2017_jun\/rates061517.png\" style=\"width: 620px; height: 252px;\"\/><\/span><\/p>\n<p><span style=\"font-size: 14.4px;\"><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates increased this week for the first time in more than a month, but they still remain near their yearly lows.<\/span><\/p>\n<p><span style=\"font-size: 14.4px;\">\u201c<\/span>The 30-year mortgage rate rose 2 basis points over the week to 3.91 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cHowever, our survey was conducted before investors drove Treasury yields sharply lower in a reaction to the surprisingly weak [Consumer Price Index] release. If that drop in yields sticks, mortgage rates are likely to follow in next week<span style=\"font-size: 14.4px;\">\u2019<\/span>s survey.<span style=\"font-size: 14.4px;\">\u201d<\/span><\/p>\n<p>Freddie Mac reports the following national averages of mortgage rates for the week ending June 15:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages:<\/strong> averaged 3.91 percent, with an average 0.5 point, rising from last week\u2019s 3.89 percent average. Last year at this time, 30-year rates averaged 3.54 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages: <\/strong>averaged 3.18 percent, with an average 0.5 point, increasing from last week\u2019s 3.16 percent average. A year ago, 15-year rates averaged 2.81 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.15 percent, with an average 0.5 point, rising from last week\u2019s 3.11 percent average. A year ago, 5-year ARMs averaged 2.74 percent.\u00a0<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/IQP5a7BWINQ\/after-steady-decline-mortgage-rates-rise\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mortgage rates increased this week for the first time in more than a month, but they still remain near their yearly lows. \u201cThe 30-year mortgage rate rose 2 basis points over the week to 3.91 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cHowever, our survey was conducted before investors drove Treasury yields sharply [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":4974,"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_hide_featured_image":false,"_jetpack_featured_image_duplicate_dismissed":0,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"jnews-multi-image_gallery":[],"jnews_single_post":[],"jnews_primary_category":[],"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":[408,1295,312,41,818,479],"class_list":["post-4973","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","tag-realtor"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":1771,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-zoom-to-2017-high\/","url_meta":{"origin":4973,"position":0},"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":4615,"url":"https:\/\/amazingproperty.com.ng\/blog\/30-year-mortgage-rates-hover-around-4\/","url_meta":{"origin":4973,"position":1},"title":"30-Year Mortgage Rates Hover Around 4%","author":"Amazing Property","date":"May 19, 2017","format":false,"excerpt":"[ad_1] For the fifth consecutive week, the 30-year fixed-rate mortgage remained around 4 percent. \"The 30-year mortgage rate fell 3 basis points this week to 4.02 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist.\u00a0\u201cHowever, this week's survey closed prior to Wednesday's flight to quality.\u00a0The delayed impact of the associated decline\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\/rates051817.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\/05\/rates051817.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/05\/rates051817.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":4973,"position":2},"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":[]},{"id":6237,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-maintain-yearly-lows\/","url_meta":{"origin":4973,"position":3},"title":"Mortgage Rates Maintain Yearly Lows","author":"Amazing Property","date":"September 15, 2017","format":false,"excerpt":"Mortgage rates mostly held at last week\u2019s year-to-date lows, offering another opportunity for borrowers to take advantage of savings. \u201cFollowing a sharp decline last week, the 10-year Treasury yield rose 11 basis points this week,\u201d says Freddie Mac chief economist Sean Becketti. \u201cThe 30-year mortgage rate, however, remained unchanged at\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":"rates091517.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates091517.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\/rates091517.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/09\/rates091517.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7698,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ring-in-new-year-with-a-dip\/","url_meta":{"origin":4973,"position":4},"title":"Mortgage Rates Ring in New Year With a Dip","author":"Amazing Property","date":"January 5, 2018","format":false,"excerpt":"Borrowers kicked off 2018 with a mortgage rate drop.\u00a0 The 30-year fixed-rate mortgage is now down a quarter of a percentage point from a year ago. \u201cTreasury yields fell from a week ago, helping to drive mortgage rates down to start the year,\u201d says Len Kiefer, Freddie Mac\u2019s deputy chief\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":"Rates010518.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates010518.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\/01\/rates010518.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates010518.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3960,"url":"https:\/\/amazingproperty.com.ng\/blog\/following-weeks-of-declines-rates-tick-up\/","url_meta":{"origin":4973,"position":5},"title":"Following Weeks of Declines, Rates Tick Up","author":"Amazing Property","date":"April 28, 2017","format":false,"excerpt":"For the first time in five weeks, average mortgage rates reversed course and edged up. \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\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":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates061517.png?fit=620%2C252&ssl=1","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4973","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=4973"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/4973\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/4974"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=4973"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=4973"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=4973"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}