Freddie Mac’s Latest Report: Look What Mortgage Rates Are Doing Now

SOURCE: Mortgage News Feed

According to Freddie Mac's weekly survey of more than 100 mortgage lenders nationwide, conventional 30-year fixed rate mortgages now average 3.98%, bringing rates as close to four percent as they've been since summer. This also marks the second straight week through which 30-year mortgage rates climbed 11 basis points (0.11%), making this the worst two-week spell for rates since late-2013 -- 100 weeks ago. With mortgage rates up, home buyers are finding it more difficult to lock in low payments; and existing homeowners planning a home loan refinance are finding it tougher to find big savings. Read Full Article Here >>

About The Author

Each week we post articles on FHA/VA Government news topics, ranging from FHA Direct Endorsement Underwriters, to current FHA underwriting guidelines, to new FHA rules/regulations, FHA compliance, FHA lending requirements and much more! PLEASE NOTE: We are NOT owned, operated or affiliated with HUD, FHA or the Federal Government in any way.

Opinion-Editorial (Op-Ed) Disclaimer For NAMP® Library Articles: The views and opinions expressed in the NAMP® Library articles are those of the authors and do not necessarily reflect any official NAMP® policy or position. Examples of analysis performed within this article are only examples. They should not be utilized in real-world application as they are based only on very limited and dated open source information. Assumptions made within the analysis are not reflective of the position of NAMP®. Nothing contained in this article should be considered legal advice.