Mortgage rates rise due to strong economic data

Mortgage rates enjoyed a pleasantly flat week despite some volatility in the underlying bond market. The day-to-day changes in Treasuries and Mortgage.

We expect that 10-year Treasury notes could rise to the mid-to-upper 2% range from today’s 2.1%. The 30-year fixed mortgage rate would also rise to 4.2%, and the 15-year fixed mortgage rate to 3.7%.

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In fact, it is a given considering there is a stronger economy in 2017.. It's vital for housing market participants to understand rising mortgage rates, as they. Due to rising interest rates, however, potential buyers can only afford Jill's. than historical comparisons, as seen in data provided by mortgage lender Freddie Mac.

Mortgage Rate Lock Mortgage rates today, October 30, plus lock recommendations Everybody’s Talking ‘Bout The New REIT In Town – To be perfectly clear, one of the reasons that I own Ladder today is. term floating rate securitized products, new issuance volume in the short-term cmbs market plummeted by 95% between 2006 and.Mortgage rate lock. A point is a fee or rebate equal to 1 percent of the loan amount. frequently, rate locks last for 30, 45 or 60 days, but they can be shorter or longer. A rate lock protects the borrower from rate fluctuations during the lock period.

In general, mortgage rates increase 12.5 basis points (0.125%) for every 15 days you add to your rate lock, up to 90 days. Beyond 90 days, expect to pay higher rates and a non-refundable, upfront fee. This fee is why very few people execute rate locks for longer than 90 days.

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Relationships to Other Investments. Recently, for example, ten-year Treasuries rose from of 3.30% to 3.94% over a period of a few months — about 64 basis points, altogether. At the same time, the the average overall 30-year fixed mortgage rate rose from about 5.29% to 5.41%, a rise of only 12 basis points.

Ultimately, mortgage rates remain near their lowest levels since 2016 after an action-packed couple of weeks, but it is unlikely that rates will fall much further despite the recent dose of disappointing data. Looking ahead, the risk to rates is to the upside. Markets are increasingly confident that this week’s G-20 summit will yield a trade agreement between the U.S. and China, something that many believe will boost spending and support global economic activity. Rates also would likely.

30-Year Fixed Mortgage Rates Rise on Strong Economic Data; Current Rate is 3.53%, According to Zillow Mortgage Rate Ticker Posted on: May 1, 2016 By: Staff by