Credit and Loans

Mortgage Rates Trending Higher in 2014

Graph of 30-year fixed mortgage rates

(Best Syndication News) Interest rates have been trending higher over the last year; according to data collected by Best Syndication (see the charts below). On December 31st 2012, the average national interest rate was 3.428 percent. Today, the average overall rate is 4.375 percent.

Rates across the board were higher. The average FHA, VA, and Adjustable Rate Mortgage (ARM) rates were all higher. Although mortgage interest rates dropped slightly Monday, the weekly trend was higher. Stocks were also higher over the last year as the Federal Reserve continued their easing practices.

Mortgage Interest Rates Rise as Uncertainty Sweeps Washington

Graph of 30-year fixed mortgage rates

(Best Syndication News) Mortgage interest rates increased four of the last five days as the debt ceiling deadline loomed (see the mortgage rate charts below). Wrangling over the government shutdown and the debt ceiling pushed bond and note prices lower driving yields higher. The higher yields have had their effect on the current mortgage interest rates.

The U.S. Department of Treasury said that the yield on the 10-year note, the most common benchmark used by bankers to help calculate the interest on the 30-year fixed rate mortgage (FRM), increase five basis points (bps) on Tuesday. The Federal National Mortgage Association (OTCBB:FNMA) also increased their required net yield (RNY) rates five bps (see the benchmark chart below).

Mortgage Rates Fall Again as Spooked Investors Flee Stock Market

Graph of 10-year Notes

(Best Syndication News) Mortgage rates continued to drop this week after a 30-day downward trend (see the mortgage rate charts below). The lower rates are a reflection of the shift in money from equities to the safe havens.

The average 30-year fixed rate mortgage rate fell one basis point on Friday and is down 10 basis points (bps) on the week. Although mortgage rates are dropping right now, the 100-day trend has been higher (see the mortgage rate chart below). The average VA and FHA loan rates are lower, as are the average adjustable rate mortgages (ARMS) and Jumbo loans.

Mortgage Rates Dropping Again This Week – Home Buyers Taking Advantage

Graph of 10-year Notes

(Best Syndication News) Mortgage interest rates decreased again last week as application volume continued to rise (see the mortgage rate charts below). The low rate has prompted an increase in refinancing and home buying.

Last week the national average rate dropped 13 basis points (bps), but on Monday that conventional mortgage rate dropped another three bps to 4.207 percent. The average FHA rate slipped 15 bps while the average VA loan rate dropped 13 bps. This followed a 50+ point upward trend over the last 100 days.

Mortgage Rates Edge Higher on Improved Economic Conditions

Graph of 10-year Notes

(Best Syndication News) Mortgage interest rates continued to increase on expectations that the Federal Reserve will slow their stimulus programs. The same pressure has put downward pressure on the Dow Jones Industrial Average (INDEXDJX:.DJI) since the August 2nd high of 15,658.

Freddie Mac said the average 30-year fixed rate mortgage jumped 0.7 basis points (bps) this week. Their Primary Mortgage Market Survey® (PMMS®) indicated that rates have been trending higher since April (see the graph). The current 30-year fixed-rate mortgage (FRM) averaged 4.57 percent.

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