Mortgage rates jump to a six-week high

a mortgage data analytics company. Borrowers on average would save $268 a month. A significant share are new homeowners, who.

 · Mortgage rates ticked up to a high for 2016 as anticipation of higher inflation under President-elect Donald Trump’s administration and a Federal Reserve interest rate.

A strong job market and consumer credit are driving up mortgage rates for the third consecutive week and now to their highest level in six weeks. mortgage rates are 0.82 percent higher than a year ago-the largest year-over-year increase since May 2014, Freddie Mac reports.

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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NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62. Bankrate: Mortgage Rates Jump to 4.

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(RTTNews) – Mortgage rates or interest rates on home loans increased for the fifth straight week to a seven year high, according to mortgage provider Freddie Mac. Releasing the results of its.

The benchmark 30-year fixed-rate mortgage rose this week to 3.95. for this week is 1.15 percentage points below the 52-week high of 5.10.

Until the announcement of a government reopening, higher volatility but a net sideways trend in rates is likely to continue.” [Partial government shutdown is hurting some borrowers seeking a mortgage].

FHA Mortgage Rates Surpass Conventional Ones - Today's Mortgage & Real Estate News In the week ahead (July 3-July 10), just 11 percent predict rates will rise; meanwhile, the majority, 89 percent thinks rates will fall; and no one.

“Mortgage rates were flat this week, remaining near their lowest levels. Mexico would not go through as planned nudged bond yields back upwards. Brexit and low expectations for the pace of inflation – may motivate the.

 · US Mortgage Rates Jump to Highest Level in Nearly 8 Years More FILE- In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in.

"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.