Mortgage rates surge to a 10-month high

Mortgage Rates Inch to Another 3-Week Low In another report released last year. From 1930, sea levels in Rhode Island increased by about an inch a decade, until about 40 years ago when the rate started to accelerate. The state has seen 6.Mortgages Rates Higher Again and Less Consistent Between Lenders In the end, Drew finally discovered a likely reason why his rate was higher than advertised rates: "I spoke to one [mortgage lender] and he said, ‘Well, it’s because your loan is under.

New home sales surge in December to a 10-month high. employment gains and attractive mortgage rates combined to push new-home sales forward for a.

Given labor market strength, economists expect only a modest impact from higher mortgage rates. The 30-year fixed mortgage rate is currently at 4.23 percent, below a more than 2-1/2-year high of 4.

As interest rates spiked in the past month, one direct consequence is that U.S. mortgage rates, already at a seven-year high, surged by the most since the Trump elections. According to the latest weekly Freddie Mac statement , the average rate for a 30-year fixed mortgage jumped to 4.9%, up from 4.71% last week and the highest since mid-April 2011.

WASHINGTON (AP) – U.S. long-term mortgage rates fell this week to a 10-month low, spurring on potential homebuyers for the upcoming season. mortgage buyer freddie mac said Thursday the average rate on the benchmark 30-year, fixed-rate mortgage eased to.

 · The average 30-year mortgage jumped to just over 5 percent this week as the markets brace for interest rates to keep going up this year. The average 30-year mortgage jumped to just over 5 percent this week as the markets brace for interest rates to keep going up this year.. Mortgage Rates Surge To Seven-Year High . NBC News.

The last time rates were this high, was in July 2011 when they hit 4.55%. This came on speculation that the Fed would soon reduce its bond purchase program after the bullish June jobs report.

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Feeling the effects of tax reform and the cap on SALT deductions, home sales in the relatively high-tax Northeast and. the taper-tantrum-led interest rate surge only to surge more than 15% the.

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Do Not Panic. Post-Election Interest Rates are Still Incredibly Low.. there’s been a frenzy of articles regarding the direction of mortgage rates. Things like "Panic in the Housing Market," "Mortgage Rates Surge After Election," and "Rates Soar to 10-Month High After Trump," are.

“Nonetheless, if we maintain this higher. 10-month low. There was some good news on the housing market. The Commerce Department reported new home sales vaulted 16.9 percent in November to a.