{"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_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_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}},"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,"_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}]}}