Mortgage rates hit two-year highs on Fed taper talk

The average rate on a 30-year fixed mortgage hit a two-year high this week, according to the latest survey by mortgage buyer Freddie Mac. Previously at 4.29 percent, the average on a 30-year fixed.

The Fed will lift rates this week. The Federal Funds Rate is set to rise on Wednesday as the fourth Federal Open Market Committee (FOMC) meeting of the year adjourns. According to CME Group, there.

Average mortgage rates surge again, hit highest point since 2010 The effective rate increased from last week. The average contract interest rate for 15-year fixed-rate mortgages decreased to its lowest level since April 2018, 4.13 percent, from 4.16 percent, with points increasing to 0.45 from 0.35 (including origination fee) for 80 percent LTV loans. The effective rate remained unchanged from last week.

Both increases occurred after mortgage rates had risen from their spring-time lows." Meanwhile, Bankrate.com reported a two-year high for the 30-year fixed average in its own weekly survey. The 30-year fixed reached 4.74 percent, Bankrate observed, while the 15-year fixed jumped to 3.75 percent.

They 10-year Treasury yield, which influences mortgage rates, hit 2.9 on Thursday, also a two-year high.

LOWEST INTEREST RATES IN OVER 2 MONTHS. February 3rd, 2014. Interest rates are on quite the hot streak with weakness in global equity markets causing investors to seek the safety of Mortgage Backed Securities. The DOW Jones is down over 5% on the year, and the MBS market has closed better each week in 2014.

Fed ‘tapering’ fears push up US mortgage rates. The daily average rate on a new 30-year mortgage, as calculated by Bankrate.com, stands at 4.1, having been as low as 3.4 per cent at the beginning of May.

Mortgage. fact that Fed policy now has TWO dissenters on today’s vote, not to mention that Bernanke himself reiterated previous "taper talk" (taking it to the next level, actually by envisioning a.

That was up three basis points from the prior week and leaves rates nearly half-a-percentage point higher than the level at which they started the year. The 15-year fixed-rate mortgage averaged 3.90%, up from 3.85%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.62%, down three basis points.

Mortgage rates hit two-year highs on Fed taper talk – Marketwatch. S&P/Case-Shiller Creator Says Phoenix and Las Vegas ‘Clearly in Bubbles’ – The Truth About Mortgage. Fed should focus on mortgage buys, sell Treasuries: study – Fox Business. Wells Fargo announces layoffs in mortgage unit – USA Today

Meanwhile, the 15-year fixed-rate mortgage also hit the highest rate since July 2011, rising to 3.60%. mortgage rates closely track the 10-year Treasury note yield.

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