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Showing posts with label home refinance. Show all posts
Showing posts with label home refinance. Show all posts

December 1, 2016

what are the average bank home loan interest rates in 52 us states


 
U.S. mortgage rates again made a post-election surge, according to Freddie Mac.Long-term U.S. interest rates have climbed since Trump was elected Nov. 8. That is largely because bond investors believe the president-elect's plan to cut taxes and spend massively on roads, bridges, airports and other infrastructure could ignite inflation. When they foresee rising inflation, investors demand higher long-term rates and pay lower prices for bonds. According to Mortgage giant Freddie Mac Wednesday  saw the average rate on a 30-year fixed rate loan shot up to 4.03%, the highest since July 2015 and up from 3.94% a week earlier. 

The rate on 15-year home loans climbed to 3.25%, up from 3.14% last week and highest since January.A measure of U.S. mortgage application activity fell last week to its lowest level since early January as 30-year mortgage rates rose to their highest since July 2015, data from the Mortgage Bankers Association showed on Wednesday.

 Since Donald Trump’s surprise victory, average rates for a 30-year, fixed-rate mortgage have leapt by more than half a point, to 4.18% on Wednesday. Rates still remain low by historical standards, but are now at their highest level since June 2015, according to MortgageNewsDaily.com
The 30-year fixed mortgage averaged 4.03 percent for the week ending Nov. 23, up from 3.94 percent the previous week.In a short week leading up to the Thanksgiving holiday, the 10-year Treasury yield rose 8 basis points,” said Sean Becketti, chief economist at Freddie Mac. “The 30-year mortgage rate followed suit, rising 9 basis points to 4.03 percent. This increase marks the first week since 2015 that mortgage rates have risen above 4 percent.”




July 18, 2015

home loans tenure by interest rate terms


Which Home loan has the most payout with higher interest
Home Equity Loans: Average Interest Rates by Term | Credio


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