Mortgage Rates Higher for 8th Straight Day

The Dow Jones industrial average djia, -0.07% marked its longest losing streak since August 2011 with eight straight declines. The Dow is currently 2.9% off its recent record high, with the S&P 500.

Freddie Mac: 30-year mortgage rate hits new low for 2017  · The 30-year fixed averaged 3.78% for the week ending Sep. 7, slipping from 3.82% a week ago, and the 15-year fixed-rate mortgage averaged 3.08%, down from 3.12% last week.

Last week was exceptional in that the lows managed to stick around for 5 straight days. Things may be changing today. Over the weekend, the bond market (which dictates mortgage. about rates.

Mortgage Rates compared to Ten Year Treasury Yield and Refinance Activity While it seems that the 30-year mortgage rate should be based on the 30-year Treasury, the effective term of a 30-year mortgage, or mortgage-backed security, averages seven to 10 years. With a mortgage, a portion of principal is paid off each month, and homeowners often sell or refinance to pay off home loans early.

Mortgage rates have moved higher for two months. The average rate on a 30-year fixed has shot up forty-eight basis points since the first survey in January. Looking ahead to the rest of the year, the general consensus is that mortgage rates will continue to rise, potentially reaching past 5%.

New Home sales were up for the third straight month in May. Fannie Mae says it expects mortgage rates to continue to rise gradually, averaging 4.7 percent in the fourth quarter, about 40 basis.

What are today’s current mortgage rates? On July 18th, 2019, the average rate on the 30-year fixed-rate mortgage is 4.06%, the average rate for the 15-year fixed-rate mortgage is 3.52%, and the.

Mortgage Rates Continue Higher For Third Straight Day Apr 10 2013, 3:31PM Mortgage rates moved higher today, bringing rates back in line with last Thursday’s, depending on the lender.

Mortgage rates are in the midst of a substantial losing streak. Today’s outright losses weren’t that bad in and of themselves, but they have the distinction of making today the 8th straight day.

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The average rate for the benchmark 30-year fixed mortgage is 4.46 percent, up 1 basis point from a week ago. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.39 percent.

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Mortgage rates climbed for the seventh consecutive week, with the 30-year fixed mortgage rate rising to its highest level since April 2014, according to the Primary Mortgage Market Survey released.

Homebuyers Will Like This Mortgage Rates Forecast The lowest interest rates in nearly a year were apparently not enough. Mortgage rates are lower than they were last fall, but not enough to really. MBA's associate vice president of industry surveys and forecasts.. Shaq: As soon as I started investing like Jeff Bezos, 'I probably quadrupled what I'm worth'.Mortgage Rates Shoot to 1-Month Highs Ahead of Fed NEW YORK, April 28, 2016 /PRNewswire/ — Mortgage rates increased for a second consecutive week, with the benchmark 30-year fixed mortgage rate climbing to 3.83 percent, according to Bankrate.com.

Mortgage rates seem poised to continue on their gradual climb this week. That means that anyone looking to lock in a rate on a purchase or refinance shouldn’t wait too long to lock. Inflation data at the end of the week is the biggest threat to rising rates, so right now is the perfect time to think about things and make a decision.