Houston mortgage rates hit 5 percent, a 7-year high

That's substantially greater than the two percent APR that a car loan costs.. And our highest bank-issued mortgage rate – 5.25 percent – is substantially higher than the. Will bought a 7-year-old Acura with 90,000 miles on it.. span of 5 years if we took out a 2 percent car loan and used the money to pay.

5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.82 percent this week with an average 0.3 point, up from last week when it averaged 3.77 percent. A year ago at this time, the 5-year ARM averaged 3.13 percent.

Long-Term Mortgage Rates Hit a Seven-Year High. by MoneyTips on May 25, 2018 1 comment.. Parents and grandparents who bought homes in the 1980s probably don’t have much sympathy for your complaints about a mortgage rate of 5 percent.

2018-09-19  · Weekly mortgage applications rise 1.6% as interest rates hit a 7-year high.. higher in the coming months. Total mortgage. 5.7 percent to a rate.

The volume and pricing of home sales in Houston each hit another record in October, Houston Area Realtors’ monthly summary report shows. And the year-to-date sales of single-family homes is 5.3% ahead.

Mortgage Rates Hit Seven-Year High. The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven year high of 4.94 percent – up 11 basis points from last week.". 5-year Treasury-indexed hybrid adjustable.

2018-05-17  · U.S. 30-year mortgage rates hit 7-year peak:. Higher borrowing costs. inflationary pressures and the prospect of rates approaching 5 percent could.

Mortgage buyer Freddie Mac said Thursday the average rate on 30-year, fixed-rate mortgages was 4.61 percent, up from 4.55 percent last week. The new average rate was the highest since May 19, 2011.

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The highest level since 2011. The five-year Treasury-indexed hybrid adjustable-rate mortgage increased to an average 3.82% this week, up from 3.77% last week and 3.13% last year. "Healthy consumer spending and higher commodity prices spooked the bond markets and led to higher mortgage rates over the past week," Khater said.

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Mortgage Rates Near 3-Week Lows Mortgage Rates in Massachusetts. Current rates in Massachusetts are 4.46% for a 30-year fixed, 3.82% for a 15-year fixed, and 4.08% for a 5/1 adjustable-rate mortgage (ARM). Compare and lock-in current mortgage rate quotes in Massachusetts from multiple lenders. Bankrate provides real-time rates with APR for 30-year fixed, 15-year fixed and more.Higher Mortgage Rates Crushing Housing Mortgage rates trend upward. mortgage rates have gone up this year, and some observers predict that they’ll keep rising in the third quarter. The average rate on the 30-year fixed-rate mortgage climbed more than half a percentage point in the first six months of 2018, finishing June at 4.72%.Average mortgage rates maintain their steady climb 30-year fixed-rate mortgage (FRM) averaged 4.66 percent with an average 0.4 point for the week ending May 24, 2018, up from last week when it averaged 4.61 percent. A year ago at this time, the 30-year FRM averaged 3.95 percent.

30-year mortgage rates hit 7-year high: 4.72% Share this:. From Freddie Mac’s weekly survey: On the heels of prime rate moving up one-quarter to 5.25 percent this week, the 30-year fixed rate.