Mortgage Rates Inch Up; Solid Jobs Report Is Consistent With a December Rate Rise — The Motley Fool
30-year fixed-rate mortgage (FRM) averaged 3.91 percent with an average 0.5 point for the week ending June 15, 2017, up from last week when it averaged 3.89 percent. A year ago at this time, the.
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Mortgage Rates Inch Up; Solid Jobs Report Is Consistent With a December Rate Rise.. The Motley Fool has a disclosure policy. There’s been an ever-so-slight increase in mortgage rates today. After easing the past few days, average mortgage rates across the U.S. rose about 0.01%, though adjustable-rate mortgages (ARMs.
Inflation is the arch enemy of bonds and mortgage backed securities (bonds) are what mortgage rates are based on. The strong Jobs Report also increases the odds of the Fed increasing the Fed Funds rate in December. As I write this post, 7:00 am on November 6, 2015, I’m quoting: EDITORS NOTE: Rates posted below are EXPIRED! For current rate.
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WEEKLY RATE – Rates Remain in Same Narrow Range After august jobs report interest rates continue to remain steady – falling in the same range for almost 2 months now. The Jobs Report on Friday came out slightly weaker than expected, but a major economic report on Tuesday came in way below expectations helping the mortgage backed security.
By Lucia Mutikani A rise in mortgage rates could explain much of the. Mortgage-Rate Rise Undercut Housing Market, Study Says.. Sign up for Finance Report by AOL and get everything from.
Jobs. Jobs. Jobs. Do not forget this. California employment grew 2.5 percent annually with rates jumping compared with just a 0.5 percent gain in 12-month periods when mortgage rates tumbled.
CHICAGO (MarketWatch) – Rates on the 30-year fixed-rate mortgage fell to an average 4.51% this week, the same level it averaged two weeks ago, according to Freddie Mac’s weekly survey of.
Mortgage rates expected to trend higher following the October Jobs Report. November 5, it’s a sign of inflation which will drive up mortgage rates off their historic low. Just the likelihood or discussions by the Fed leaning towards a rate hike may cause mortgage rates to move higher.
The uptick in the number of jobs added is sure to influence the way investors move their money in the coming weeks. The better the economy does, the more likely mortgage rates are to rise. Mortgage rates already rose by a high amount over the past week, and this economic news could end up forcing rates even higher.