{"id":8291,"date":"2018-02-16T00:00:00","date_gmt":"2018-02-16T00:00:00","guid":{"rendered":"https:\/\/amazingproperty.com.ng\/blog\/climbing-mortgage-rates-reach-4-year-high\/"},"modified":"2018-02-16T00:00:00","modified_gmt":"2018-02-16T00:00:00","slug":"climbing-mortgage-rates-reach-4-year-high","status":"publish","type":"post","link":"https:\/\/amazingproperty.com.ng\/blog\/climbing-mortgage-rates-reach-4-year-high\/","title":{"rendered":"Climbing Mortgage Rates Reach 4-Year High"},"content":{"rendered":"<p>\n<\/p>\n<div readability=\"41.205103359173\">\n<!--\n\n<pre>-->  <\/p>\n<div property=\"dc:description\" readability=\"27.801033591731\"><!--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_feb\/rates021618.png\" style=\"width: 620px; height: 253px;\"\/><\/p>\n<p><a href=\"https:\/\/amazingproperty.com.ng\/blog\/mortgage-preapproval-guide-for-home-buyers\/\">Mortgage<\/a> rates continued to inch higher this week, marking the sixth consecutive week for borrowing cost increases for home shoppers.<\/p>\n<p>\u201cWednesday\u2019s Consumer Price Index report showed higher-than-expected inflation; headline consumer price inflation was 2.1 percent year-over-year in January, two-tenths of a percentage point higher than the consensus forecast,\u201d explains Len Kiefer, Freddie Mac\u2019s deputy chief economist. \u201cInflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year. Following this news, the 10-year Treasury reached its highest level since January 2014, climbing above 2.90 percent. Mortgage rates have also surged.\u201d<\/p>\n<p>After jumping 10 basis points last week, the 30-year fixed-rate mortgage rose 6 basis points to 4.38 percent, its highest level since April 2014.<\/p>\n<p>Freddie Mac reports the following national averages with mortgage rates for the week ending Feb. 15:<\/p>\n<ul>\n<li><strong>30-year fixed-rate mortgages:<\/strong> averaged 4.38 percent with an average 0.6 point, rising from last week\u2019s 4.32 percent average. Last year at this time, 30-year rates averaged 4.15 percent.<\/li>\n<li><strong>15-year fixed-rate mortgages:<\/strong> averaged 3.84 percent, with an average 0.5 point, increasing from last week\u2019s 3.77 percent average. A year ago, 15-year rates averaged 3.35 percent.<\/li>\n<li><strong>5-year hybrid adjustable-rate mortgages:<\/strong> averaged 3.63 percent, with an average 0.4 point, rising from last week\u2019s 3.57 percent average. A year ago, 5-year ARMs averaged 3.18 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\/5jIEyDiKzlY\/climbing-mortgage-rates-reach-4-year-high\"> Realtors <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mortgage rates continued to inch higher this week, marking the sixth consecutive week for borrowing cost &hellip; <a title=\"Climbing Mortgage Rates Reach 4-Year High\" class=\"hm-read-more\" href=\"https:\/\/amazingproperty.com.ng\/blog\/climbing-mortgage-rates-reach-4-year-high\/\"><span class=\"screen-reader-text\">Climbing Mortgage Rates Reach 4-Year High<\/span>Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":8292,"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":[12908,543,408,1295,312,41,818,479],"class_list":["post-8291","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-opportunities-in-new-markets","tag-home","tag-home-buying-guide","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\/02\/rates021618.png?fit=620%2C252&ssl=1","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8291","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=8291"}],"version-history":[{"count":0,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/posts\/8291\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media\/8292"}],"wp:attachment":[{"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/media?parent=8291"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/categories?post=8291"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/amazingproperty.com.ng\/blog\/wp-json\/wp\/v2\/tags?post=8291"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}