{"id":7319,"date":"2017-12-01T00:00:00","date_gmt":"2017-12-01T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-sink-lower-this-week\/"},"modified":"2017-12-01T00:00:00","modified_gmt":"2017-12-01T00:00:00","slug":"mortgage-rates-sink-lower-this-week","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-sink-lower-this-week\/","title":{"rendered":"Mortgage Rates Sink Lower This Week"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"39.235383678441\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"23.83922046285\"><!--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_dec\/rates113017.png\" style=\"width: 620px; height: 252px;\"\/><\/p>\n<p>The 30-year fixed-rate <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> is averaging lower than it did a year ago, and remains well below the 4 percent threshold this week.<\/p>\n<p>\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 interest rates following an upward revision to third quarter U.S. Real GDP growth and comments by Federal Reserve Chair Yellen touting a broad-based economic expansion,\u201d says Len Kiefer, Freddie Mac\u2019s deputy chief economist. \u201cThe market implied probability of a Fed rate hike in December neared 100 percent, helping to drive short term interest rates higher. The 5\/1 Hybrid ARM, which is more sensitive to short-term rates than the 30-year fixed mortgage, increased 10 basis points to 3.32 percent in this week\u2019s survey. The spread between the 30-year fixed mortgage and 5\/1 Hybrid ARM is just 58 basis points this week, the lowest spread since November of 2012.\u201d<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Nov. 30:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages: <\/strong>averaged 3.90 percent, with an average 0.5 point, decreasing from last week\u2019s 3.92 percent average. Last year at this time, the 30-year fixed-rate mortgage averaged 4.08 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages: <\/strong>averaged 3.30 percent, with an average 0.5, down from last week\u2019s 3.32 percent. A year ago, 15-year rates averaged 3.34 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.32 percent, with an average 0.3 point, an increase from last week\u2019s 3.22 percent average. A year ago, 5-year ARMs averaged 3.15 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\/tx3DFmx-EPk\/mortgage-rates-sink-lower-week\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The 30-year fixed-rate mortgage is averaging lower than it did a year ago, and remains well &hellip; <a title=\"Mortgage Rates Sink Lower This Week\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-sink-lower-this-week\/\"><span class=\"screen-reader-text\">Mortgage Rates Sink Lower This Week<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7320,"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":[408,1295,312,41,818,479],"class_list":["post-7319","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_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates113017.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7574,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-up-slightly-this-week\/","url_meta":{"origin":7319,"position":0},"title":"Mortgage Rates Up Slightly This Week","author":"Amazing Property","date":"December 21, 2017","format":false,"excerpt":"Average mortgage rates inched up, but the 30-year fixed-rate mortgage remains below 4 percent and continues to offer home buyers and refinancers historically low rates. \u201cThirty-year fixed mortgage rates have been bouncing around in a narrow 10 basis points range since October,\u201d says Len Kiefer, Freddie Mac\u2019s chief economist. \u201cThe\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":"Rates122217.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates122217.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\/rates122217.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates122217.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":7319,"position":1},"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":7478,"url":"https:\/\/amazingproperty.com.ng\/blog\/despite-fed-move-mortgage-rates-hold-steady\/","url_meta":{"origin":7319,"position":2},"title":"Despite Fed Move, Mortgage Rates Hold Steady","author":"Amazing Property","date":"December 15, 2017","format":false,"excerpt":"Mortgage rates were in a holding pattern this week, even after the Federal Reserve voted Wednesday to hike its benchmark interest rate. \u201cAs widely expected, the Fed increased the federal funds target rate this week for the third time in 2017,\u201d says Len Kiefer, Freddie Mac\u2019s deputy chief economist. \u201cThe\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":"Rates121417.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates121417.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\/rates121417.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates121417.png?fit=620%2C252&ssl=1&resize=525%2C300 1.5x"},"classes":[]},{"id":4615,"url":"https:\/\/amazingproperty.com.ng\/blog\/30-year-mortgage-rates-hover-around-4\/","url_meta":{"origin":7319,"position":3},"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":3139,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-surprise-by-nearing-2017-low\/","url_meta":{"origin":7319,"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":4973,"url":"https:\/\/amazingproperty.com.ng\/blog\/after-steady-decline-mortgage-rates-rise\/","url_meta":{"origin":7319,"position":5},"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":[]}],"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7319","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=7319"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7319\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7320"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7319"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7319"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7319"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}