{"id":7698,"date":"2018-01-05T00:00:00","date_gmt":"2018-01-05T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ring-in-new-year-with-a-dip\/"},"modified":"2018-01-05T00:00:00","modified_gmt":"2018-01-05T00:00:00","slug":"mortgage-rates-ring-in-new-year-with-a-dip","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ring-in-new-year-with-a-dip\/","title":{"rendered":"Mortgage Rates Ring in New Year With a Dip"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"38.670759785111\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"22.805832693784\"><!--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\/2018_jan\/rates010518.png\" style=\"width: 620px; height: 252px;\"\/><\/p>\n<p>Borrowers kicked off 2018 with a <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> rate drop.\u00a0 The 30-year fixed-rate mortgage is now down a quarter of a percentage point from a year ago.<\/p>\n<p>\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 economist. \u201cThe 30-year fixed-rate mortgage fell four basis points from a week ago to 3.95 percent in the year\u2019s first survey. Despite increases in short-term interest rates, long-term interest rates remain subdued.\u201d<\/p>\n<p>The spread between the 30-year fixed-rate mortgage and five-year hybrid adjustable-rate mortgage is at the lowest since 2009, Kiefer says.<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 4:<\/p>\n<ul>\n<li>30-year fixed-rate mortgages: averaged 3.95 percent, with an average 0.5 point, dropping from last week\u2019s 3.99 percent average. Last year at this time, 30-year rates averaged 4.20 percent.<\/li>\n<li>15-year fixed-rate mortgages: averaged 3.38 percent, with an average 0.5 point, dropping from last week\u2019s 3.44 percent average. A year ago, 15-year ARMs averaged 3.44 percent.<\/li>\n<li>5-year ARMs: averaged 3.45 percent, with an average 0.4 point, falling from last week\u2019s 3.47 percent average. A year ago, 5-year ARMs averaged 3.33 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\/u3zJLqLBJV4\/mortgage-rates-ring-in-new-year-dip\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Borrowers kicked off 2018 with a mortgage rate drop.\u00a0 The 30-year fixed-rate mortgage is now down &hellip; <a title=\"Mortgage Rates Ring in New Year With a Dip\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-ring-in-new-year-with-a-dip\/\"><span class=\"screen-reader-text\">Mortgage Rates Ring in New Year With a Dip<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7699,"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-7698","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\/2018\/01\/rates010518.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"jetpack-related-posts":[{"id":7319,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-sink-lower-this-week\/","url_meta":{"origin":7698,"position":0},"title":"Mortgage Rates Sink Lower This Week","author":"Amazing Property","date":"December 1, 2017","format":false,"excerpt":"The 30-year fixed-rate mortgage is averaging lower than it did a year ago, and remains well below the 4 percent threshold this week. \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\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":"Rates113017.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates113017.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\/rates113017.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/12\/rates113017.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":7698,"position":1},"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":7574,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-up-slightly-this-week\/","url_meta":{"origin":7698,"position":2},"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":7998,"url":"https:\/\/amazingproperty.com.ng\/blog\/fed-move-doesnt-suppress-mortgage-rates\/","url_meta":{"origin":7698,"position":3},"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":7911,"url":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-continue-to-inch-upwards\/","url_meta":{"origin":7698,"position":4},"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":7843,"url":"https:\/\/amazingproperty.com.ng\/blog\/have-we-seen-the-last-of-3-mortgage-rates\/","url_meta":{"origin":7698,"position":5},"title":"Have We Seen the Last of 3% Mortgage Rates?","author":"Amazing Property","date":"January 19, 2018","format":false,"excerpt":"Average fixed-rate mortgages rose for the second consecutive week and, for the first time since last summer, the 30-year fixed-rate mortgage shot above 4 percent, Freddie Mac reports in its weekly mortgage market survey. \u00a0 \u201cThis is the highest weekly average for the 30-year fixed-rate mortgage since May of 2017,\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":"Rates011918.png","src":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates011918.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\/rates011918.png?fit=620%2C252&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates011918.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\/7698","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=7698"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7698\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7699"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7698"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7698"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7698"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}