{"id":827,"date":"2017-02-17T00:00:00","date_gmt":"2017-02-17T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-is-it-a-year-full-of-surprises\/"},"modified":"2017-02-17T00:00:00","modified_gmt":"2017-02-17T00:00:00","slug":"mortgage-rates-is-it-a-year-full-of-surprises","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-is-it-a-year-full-of-surprises\/","title":{"rendered":"Mortgage Rates: Is It a &#039;Year Full of Surprises&#039;?"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div readability=\"40.162244124337\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"25.783169067475\"><!--paging_filter--><\/p>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates fell slightly for the second consecutive week, taking a path that many economists haven&#8217;t expected.<\/p>\n<p>&#8220;For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year,&#8221; says Sean Becketti, Freddie Mac&#8217;s chief economist. &#8220;From Dec. 29, 2016, through today, the 30-year mortgage rate fell 17 basis points to this week&#8217;s reading of 4.15 percent. In contrast, the 10-year Treasury yield began and ended the same period at 2.49 percent. While we expect mortgage rates to fall into line with Treasury yields shortly, this just may be a year full of surprises.&#8221;<\/p>\n<p>Freddie Mac reported the following national averages with mortgage rates for the week ending Feb. 16:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages:<\/strong> averaged 4.15 percent, with an average 0.5 point, dropping from last week&#8217;s 4.17 percent average. Last year at this time, 30-year rates averaged 3.65 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages:<\/strong> averaged 3.35 percent, with an average 0.5 point, falling from last week&#8217;s 3.39 percent average. A year ago, 15-year rates averaged 2.95 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages:<\/strong> averaged 3.18 percent, with an average 0.4 point, falling from last week&#8217;s 3.21 percent average. A year ago, 5-year ARMs averaged 2.85 percent.<\/li>\n<\/ul>\n<p><em>Source: Freddie Mac<\/em><\/p>\n<p><em><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_feb\/rates021617.png\" style=\"width: 600px; height: 244px;\"\/><\/em><\/p>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"http:\/\/feedproxy.google.com\/~r\/DailyRealEstateNews\/~3\/nz604hGUkM8\/mortgage-rates-it-year-full-surprises\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Mortgage rates fell slightly for the second consecutive week, taking a path that many economists &hellip; <a title=\"Mortgage Rates: Is It a &#039;Year Full of Surprises&#039;?\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-rates-is-it-a-year-full-of-surprises\/\"><span class=\"screen-reader-text\">Mortgage Rates: Is It a &#039;Year Full of Surprises&#039;?<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":828,"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":false,"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],"class_list":["post-827","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"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/amazingproperty.com.ng\/blog\/wp-content\/uploads\/2017\/02\/rates021617.png?fit=600%2C244&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/827","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=827"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/827\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/828"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=827"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=827"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=827"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}