Mortgage rates jump to a six-week high

Mortgage Rates Jump to 1-Year High; 30-Year Fixed 3.81% May 30, 2013 Staff 0 Comments Federal Reserve , interest rates , mortgages/housing market Growing expectations that the Federal Reserve will ease its accommodative policy has pushed bond yields higher, resulting in the highest mortgage rates in a year, Freddie Mac said Thursday.

CHICAGO (MarketWatch) – Mortgage rates climbed this week with the average rate on the 30-year fixed-rate mortgage at its highest since the end of June, according to Freddie Mac’s weekly survey of conforming mortgages, released on Thursday. Rates on the 30-year mortgage averaged 4.61% for the week ending Dec. 9, up from 4.46% last week.

Low mortgage rates have many people thinking about buying a new home or refinancing their current mortgage. To take advantage, figure out your budget and get prequalified for a loan. Don’t jump too.

Mortgage Rates Help. Select the percentage that is closest to your down payment. If your down payment is between these numbers, select the lower one. Example: If you are making a 12 percent down payment, select "10% down" and not "15% down.". If you know your credit score, select the range that your score belongs to.

"The economy continued to show resilience as strong business activity and growth in employment drove the 30-year fixed mortgage rate to a seven-year high of 4.94% – up 11 basis points from.

On Wednesday, mortgage rates were indeed at their best levels in more than 3 weeks. But after 2 days of relatively aprupt weakness, rates quickly find themselves at the highest levels in 2 weeks. Adding to the frustration is the absence of any single, obvious motivation for the weakness.

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 · U.S. mortgage rates jumped this week to the highest level in seven years, a trend that is pulling down home sales and slowing home price growth. Mortgage buyer.

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 · Freddie Mac (OTCQB: FMCC) reported Thursday that mortgage rates in the past week surged to their highest level in over seven years. Sam Khater, Freddie Mac’s chief economist, says the 30-year fixed-rate mortgage rose for the fifth consecutive week to.

Mortgage applications drop for second consecutive week Taking a look at category details, energy prices were down 5.4% in the second consecutive 5% drop. There was also a 0.1% downturn in the price of services and a 0.3% dip in trade services pricing for the retail and wholesale areas.

. look at how mortgage applications jump when rates fall, and vice versa.) See: Is the era of double-digit home price gains behind us? The housing market hit a bump in 2018 as rising mortgage rates.

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