{"id":7911,"date":"2018-01-26T00:00:00","date_gmt":"2018-01-26T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-continue-to-inch-upwards\/"},"modified":"2018-01-26T00:00:00","modified_gmt":"2018-01-26T00:00:00","slug":"mortgage-rates-continue-to-inch-upwards","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-continue-to-inch-upwards\/","title":{"rendered":"Mortgage Rates Continue to Inch Upwards"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"40.157043879908\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"25.779830638953\"><!--paging_filter--><\/p>\n<p>Fixed-rate mortgages increased again this week, the third consecutive week to see a rise.<\/p>\n<p>\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. <a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates, in turn, followed the surge in Treasury yields. The 30-year fixed rate mortgage jumped 11 basis points to 4.15 percent, its highest level since March of last year.\u201d<\/p>\n<p>Home buyer affordability will be a challenge, with mortgage rates moving higher and robust <a href=\"https:\/\/amazingproperty.com.ng\/blog\/tips-for-house-price-negotiation\/\">house price<\/a> gains across the country, Kiefer adds.<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Jan. 25:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages: <\/strong>averaged 4.15 percent, with an average 0.5 point, increasing from last week\u2019s 4.04 percent average. Last year at this time, 30-year rates averaged 4.19 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages:<\/strong> averaged 3.62 percent, with an average 0.5 point, increasing from last week\u2019s 3.49 percent average. A year ago, 15-year rates averaged 3.40 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.52 percent, with an average 0.4 point, increasing over last week\u2019s 3.46 percent average. A year ago, 5-year ARMs averaged 3.20 percent.<\/li>\n<\/ul>\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\/rates012518.png\" style=\"width: 620px; height: 252px;\"\/><\/p>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<\/div>\n<\/div>\n<p><a hre=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/0bsRjPjc2OQ\/mortgage-rates-continue-inch-upwards\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Fixed-rate mortgages increased again this week, the third consecutive week to see a rise. \u201cRates keep &hellip; <a title=\"Mortgage Rates Continue to Inch Upwards\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-continue-to-inch-upwards\/\"><span class=\"screen-reader-text\">Mortgage Rates Continue to Inch Upwards<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":7912,"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":[1403,617,408,1295,312,41,818,479,15282],"class_list":["post-7911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-buy","tag-house","tag-mortgage","tag-mortgage-rate","tag-mortgages","tag-property","tag-real","tag-realtor","tag-ross"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2018\/01\/rates012518.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7911","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=7911"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/7911\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/7912"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=7911"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=7911"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=7911"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}