{"id":7843,"date":"2018-01-19T00:00:00","date_gmt":"2018-01-19T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/have-we-seen-the-last-of-3-mortgage-rates\/"},"modified":"2018-01-19T00:00:00","modified_gmt":"2018-01-19T00:00:00","slug":"have-we-seen-the-last-of-3-mortgage-rates","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/have-we-seen-the-last-of-3-mortgage-rates\/","title":{"rendered":"Have We Seen the Last of 3% Mortgage Rates?"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"40.67762687634\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"26.787705503931\"><!--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\/rates011918.png\" style=\"width: 620px; height: 252px;\"\/><\/p>\n<p>Average fixed-rate mortgages rose for the second consecutive week and, for the first time since last summer, the 30-year fixed-rate <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">mortgage<\/a> shot above 4 percent, Freddie Mac reports in its weekly mortgage market survey. \u00a0<\/p>\n<p>\u201cThis is the highest weekly average for the 30-year fixed-rate mortgage since May of 2017,\u201d says Len Kiefer, Freddie Mac\u2019s deputy chief economist. \u201cSome may be wondering if this is the last time we\u2019ll see a three handle on the 30-year mortgage rate.\u00a0Never say never, but inflation is firming, the Federal Reserve\u2019s Beige Book indicates broad-based economic growth, and labor markets are tightening. This means upward pressure on long-term rates, like the 30-year fixed-rate mortgage, is building.&#8221;\u00a0<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 18:<\/p>\n<ul>\n<li>30-year fixed-rate mortgages: averaged 4.04 percent, with an average 0.6 point, up from last week\u2019s 3.99 percent average. Last year at this time, 30-year rates averaged 4.09 percent.<\/li>\n<li>15-year fixed-rate mortgages: averaged 3.49 percent, with an average 0.5 point, increasing from last week\u2019s 3.44 percent average. A year ago, 15-year rates averaged 3.34 percent.<\/li>\n<li>5-year hybrid adjustable-rate mortgages: averaged 3.46 percent, with an average 0.3 point, unchanged from last week\u2019s average. A year ago, 5-year ARMs averaged 3.21 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\/co6ilHUwf9Q\/have-we-seen-last-3-mortgage-rates\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Average fixed-rate mortgages rose for the second consecutive week and, for the first time since last &hellip; <a title=\"Have We Seen the Last of 3% Mortgage Rates?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/have-we-seen-the-last-of-3-mortgage-rates\/\"><span class=\"screen-reader-text\">Have We Seen the Last of 3% Mortgage Rates?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7844,"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-7843","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\/rates011918.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7843","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=7843"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7843\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7844"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7843"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7843"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}