{"id":621,"date":"2017-02-03T00:00:00","date_gmt":"2017-02-03T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-breather-this-week\/"},"modified":"2017-02-03T00:00:00","modified_gmt":"2017-02-03T00:00:00","slug":"mortgage-rates-take-a-breather-this-week","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-breather-this-week\/","title":{"rendered":"Mortgage Rates Take a Breather This Week"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"38.179409538229\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"21.816805450416\"><!--paging_filter--><\/p>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates barely budged this week compared to the previous week, as the 30-year fixed-rate mortgage held its 4.19 percent average, Freddie Mac reports.<\/p>\n<p>&#8220;The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP and the Fed&#8217;s decision to leave rates unchanged,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate remained flat at 4.19 percent, starting the month 47 basis points higher than this time last year. Despite the uncertainty in the market, the pending home sales index increased 1.6 percent in December, up from a decline of 2.5 percent the month prior.&#8221;<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 2:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages:<\/strong> averaged 4.19 percent, with an average 0.5 point, unchanged from last week. Last year at this time, 30-year rates averaged 3.72 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages: <\/strong>averaged 3.41 percent, with an average 0.5 point, rising slightly from last week\u2019s 3.40 percent average. A year ago, 15-year rates averaged 3.01 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.23 percent, with an average 0.4 point, increasing from last week\u2019s 3.20 percent average. A year ago, 5-year ARMs averaged 2.85 percent.<\/li>\n<\/ul>\n<p><em>Source: <a href=\"http:\/\/freddiemac.mwnewsroom.com\/press-releases\/mortgage-rates-steady-to-begin-february-otcqb-fmcc-1295522\" target=\"_blank\">Freddie Mac<\/a><\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/KNo9jFEQmT4\/mortgage-rates-take-breather-week\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mortgage rates barely budged this week compared to the previous week, as the 30-year fixed-rate &hellip; <a title=\"Mortgage Rates Take a Breather This Week\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-breather-this-week\/\"><span class=\"screen-reader-text\">Mortgage Rates Take a Breather This Week<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":622,"comment_status":"open","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":false,"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":[12908,543,215,248,408,1295,312,41,818,15296],"class_list":["post-621","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-mortgage","tag-mortgage-rate","tag-mortgages","tag-property","tag-real","tag-target"],"jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7911,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-continue-to-inch-upwards\/","url_meta":{"origin":621,"position":0},"title":"Mortgage Rates Continue to Inch Upwards","author":"Amazing Property","date":"January 26, 2018","format":false,"excerpt":"Fixed-rate mortgages increased again this week, the third consecutive week to see a rise. \u201cRates keep climbing,\u201d says Len Kiefer, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield reached its highest point since 2014 reflecting expectations of broad-based economic growth. Mortgage rates, in turn, followed the surge in Treasury yields.\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":"Rates012518.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates012518.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\/rates012518.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates012518.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":727,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-are-holding-mostly-steady\/","url_meta":{"origin":621,"position":1},"title":"Mortgage Rates Are Holding Mostly Steady","author":"Amazing Property","date":"February 10, 2017","format":false,"excerpt":"[ad_1] Rates have mostly stayed flat the past three weeks, offering buyers a pause to what had been steadily rising rates. \"The 30-year fixed mortgage fell two basis points to 4.17 percent this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cRates are at about the same level at which\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":7998,"url":"https:\/\/amazingproperty.com.ng\/blog\/fed-move-doesnt-suppress-mortgage-rates\/","url_meta":{"origin":621,"position":2},"title":"Fed Move Doesn\u2019t Suppress Mortgage Rates","author":"Amazing Property","date":"February 2, 2018","format":false,"excerpt":"The Federal Reserve may have voted to leave its short-term interest rates unchanged this week,\u00a0but that didn\u2019t stop lenders from moving up mortgage rates. Average mortgage rates are continuing an upward trend in 2018. Read more: Fed Leaves Rates Alone, But Hikes Coming \u201cThe Federal Reserve did not hike rates\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":"Rates020118.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/rates020118.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\/02\/rates020118.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/02\/rates020118.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6797,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-jump-to-3-month-high\/","url_meta":{"origin":621,"position":3},"title":"Mortgage Rates Jump to 3-Month High","author":"Amazing Property","date":"October 27, 2017","format":false,"excerpt":"Mortgage rates reached their highest averages since July this week. \u201cThe 10-year Treasury yield surged this week, jumping 12 basis points,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate followed suit, increasing 6 basis points to 3.94 percent. Today's survey rate is the highest rate in three\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":"Rates102717.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102717.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\/rates102717.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102717.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":7131,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-rise-to-4-month-high\/","url_meta":{"origin":621,"position":4},"title":"Mortgage Rates Rise to 4-Month High","author":"Amazing Property","date":"November 17, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage reached its highest average since July this week. \u201cThe 10-year Treasury yield ticked up 6 basis points, while the 30-year mortgage rate jumped 5 basis points to 3.95 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cToday\u2019s survey rate is the highest rate in nearly four\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":"Rates111717.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/rates111717.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\/11\/rates111717.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/11\/rates111717.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":3409,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/","url_meta":{"origin":621,"position":5},"title":"Mortgage Rates Set a New 2017 Low This Week","author":"Amazing Property","date":"April 14, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage 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. \"Following a weak March jobs report, the 10-year Treasury yield dropped about 5 basis points,\u201d\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:\/\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/KNo9jFEQmT4","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/621","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=621"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/621\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/622"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=621"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=621"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=621"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}