{"id":6602,"date":"2017-10-13T00:00:00","date_gmt":"2017-10-13T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-leap-this-week\/"},"modified":"2017-10-13T00:00:00","modified_gmt":"2017-10-13T00:00:00","slug":"mortgage-rates-take-a-leap-this-week","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-take-a-leap-this-week\/","title":{"rendered":"Mortgage Rates Take a Leap This Week"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"36.624538745387\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"18.807195571956\"><!--paging_filter--><\/p>\n<p><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_oct\/rates101317.png\" style=\"width: 620px; height: 252px;\"\/><\/p>\n<p>Borrowers saw <a href=\"https:\/\/amazingproperty.com.ng\/blog\/construction-loans-for-commercial-and-residential-builders\/\">financing<\/a> costs for a <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> move higher this week. The 30-year fixed-rate mortgage posted its largest week-over-week increase since July.<\/p>\n<p>\u201cThe 30-year mortgage rate increased for a second consecutive week, jumping 6 basis points to 3.91 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield also rose, climbing 4 basis points this week.\u201d<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Oct. 12:<\/p>\n<ul>\n<li>30-year fixed-rate mortgages: averaged 3.91 percent, with an average 0.5 point, rising from last week\u2019s 3.85 percent average. Last year at this time, 30-year rates averaged 3.47 percent.<\/li>\n<li>15-year fixed-rate mortgages: averaged 3.21 percent, with an average 0.5 point, rising from last week\u2019s 3.15 percent average. A year ago, 15-year rates averaged 2.76 percent.<\/li>\n<li>5-year hybrid adjustable-rate mortgages: averaged 3.16 percent this week, with an average 0.4 point, dropping from last week\u2019s 3.18 percent average. A year ago, 5-year ARMs averaged 2.82 percent.<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/-V3Tko3rjXg\/mortgage-rates-take-leap-week\"> Realtors.org <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Borrowers saw financing costs for a mortgage move higher this week. The 30-year fixed-rate mortgage posted its largest week-over-week increase since July. \u201cThe 30-year mortgage rate increased for a second consecutive week, jumping 6 basis points to 3.91 percent,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield also rose, climbing 4 basis [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":6603,"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-6602","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":4973,"url":"https:\/\/amazingproperty.com.ng\/blog\/after-steady-decline-mortgage-rates-rise\/","url_meta":{"origin":6602,"position":0},"title":"After Steady Decline, Mortgage Rates Rise","author":"Amazing Property","date":"June 16, 2017","format":false,"excerpt":"[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\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\/rates061517.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\/06\/rates061517.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates061517.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":6685,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ease-this-week\/","url_meta":{"origin":6602,"position":1},"title":"Mortgage Rates Ease This Week","author":"Amazing Property","date":"October 20, 2017","format":false,"excerpt":"Borrowers may be able to lock in lower interest rates this week, as the 30-year fixed-rate mortgage dips to a 3.88 percent average. \u201cRates came down slightly this week, ending a brief two-week streak of increases,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 10-year Treasury yield dipped 6 basis\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":"Rates102017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102017.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\/rates102017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates102017.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":5042,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hold-at-low-levels\/","url_meta":{"origin":6602,"position":2},"title":"Mortgage Rates Hold at Low Levels","author":"Amazing Property","date":"June 23, 2017","format":false,"excerpt":"[ad_1] Home shoppers are getting another week to lock in some of the lowest mortgage rates of the year. \u201cFollowing last week\u2019s sharp decline, the 10-year Treasury yield rose 3 basis points this week,\u201d says Sean Becketti, Freddie Mac\u2019s chief economist. \u201cThe 30-year mortgage rate remained relatively flat, falling 1\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\/rates062317.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\/06\/rates062317.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/06\/rates062317.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":6602,"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":3409,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-set-a-new-2017-low-this-week\/","url_meta":{"origin":6602,"position":4},"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":[]},{"id":6525,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-hit-highest-levels-in-6-weeks\/","url_meta":{"origin":6602,"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":[]}],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/10\/rates101317.png?fit=620%2C252&ssl=1","_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6602","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=6602"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/6602\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/6603"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=6602"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=6602"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=6602"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}