Tag Archive for ‘mortgage rates’

Mortgage Rates Climb in April

According to the Federal Housing Finance Agency (FHFA), mortgage rates continue to rise and this is confirmed by data from Freddie Mac. The short end of the yield curve, which is most sensitive to monetary policy, has been the primary force behind the increase in mortgage rates. In recent years, short-term rates have put upward pressure on mortgage rates while… Read More ›

Mortgage Rates Rise

The Federal Housing Finance Agency reported that mortgage contract rates on purchases of newly built homes rose by 11 basis points over the month of February to 4.14 percent, near its last peak level of 4.18 percent established one year ago in February 2017. Over the past year, the average mortgage rate on purchases of newly constructed homes fell by… Read More ›

Mortgage Rates Rise

The Federal Housing Finance Agency (FHFA) reported that contract mortgage rates rose by four basis points to 4.05 percent in January 2018. After falling to 3.93 percent following its February 2017 peak of 4.18 percent, rates on purchases of newly built homes have risen 12 basis points over two months to 4.05 percent. At this level, mortgage rates remain below… Read More ›

Interest Rates Rise

According to the Mortgage Interest Rate Survey produced by the Federal Housing Finance Agency, contract rates on 30-Year fixed rate mortgages ticked up one basis point in December 2017 to 4.01 percent. Information provided by Freddie Mac, a more commonly used series, showed a similar trend over the month of December with its contract rate on the 30-Year fixed rate… Read More ›

Home Price Appreciation Continued in November

The Case-Shiller U.S. National Home Price Index, reported by S&P Dow Jones Indices, rose at a seasonally adjusted annual growth rate of 8.4% in November, unchanged from October. In the first eleven months of 2017, home price appreciation was 6.0% on average, slightly higher than 5.3% of 2016. The Home Price Index from the Federal Housing Finance Agency (FHFA) rose… Read More ›

Mortgages Rates Rise in 2017 But Remain Low

Information provided by the Federal Housing Financing Agency (FHFA) indicates that mortgage rates on purchases of newly built homes rose 7 basis points in November to 4.00 percent. At this level, rates remain below the 4.18 cycle peak level recorded in February. Meanwhile, a more commonly used rate reported by Freddie Mac indicates that mortgage rates rose by 2 basis… Read More ›

Mortgage Rates Remain Low

Information provided by the Federal Housing Financing Agency (FHFA) indicates that mortgage rates on purchases of newly built homes fell by 5 basis points over June to 3.93 percent. At this level, rates remain below the 4.18 cycle peak level recorded in February. Meanwhile, a more commonly used rate reported by Freddie Mac indicates that mortgage rates rose in October…. Read More ›

Mortgage Rates on New Home Purchases Remain Low

The Federal Housing Finance Agency reported that contract rates on purchases of newly-built homes rose 7 basis points over the month of August 2017 to 4.01 percent. The average mortgage rate on purchases of newly built homes is 47 basis points above the low touched in October 2017. However, it remains 17 basis points below the recent high reached in… Read More ›

Mortgage Rates on New Home Purchases Tick Up

Information provided by the Federal Housing Financing Agency indicates that mortgage rates on purchases of newly built homes ticked up by 3 basis points over June to 4.03 percent. However, at this level, rates remain below the 4.18 peak level recorded in February. Meanwhile, a more commonly used rate reported by Freddie Mac indicates that mortgage rates fell in June. Despite… Read More ›