Mortgage rates rise for second consecutive week

Mortgage rates for 30-year fixed mortgages rose again this week, with the current rate borrowers were quoted on Zillow Mortgage Marketplace at 4.25 percent, up from 4.14 percent at this same time last week. The 30-year fixed mortgage rate spiked to 4.22 percent on Wednesday and hovered between 4.23 and 4.28 percent for the majority of the week.

Long-term borrowing costs are still much lower than a year ago, though mortgage rates rose for the second consecutive week this week.

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Mortgage Rates Rise for Third Consecutive Week. For a third week in a row, mortgage rates increased. This past week, mortgage rates jumped to highs not seen since March on the back of strong domestic economic data.

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. that mortgage rates held steady after declining for three consecutive weeks. Sam Khater, Freddie Mac’s chief economist, said, “Mortgage rates remained mostly unchanged this week, while mortgage.

NEW YORK, May 26, 2016 /PRNewswire/ — Mortgage rates increased again this week, with the benchmark 30-year fixed mortgage rate rising to 3.82 percent, according to Bankrate.com’s weekly national.

Average mortgage rates increased for the second consecutive week during the week ending Jan. 18, with the average rate for the 30-year fixed-rate mortgage rising to its highest level since May.

The recent stabilization in mortgage rates reflects modestly improving U.S.. Reserve to respond to the rising downside economic risk from trade tensions and soft. On the housing front, the latest weekly purchase application data suggests. is consistent with the slowly improving real estate data from the last two months .

Very slight increase in mortgage application volume this week Mortgage Application Volume Increases as Rates Slide. The most significant change in rates was for the hybrid 5/1 adjusted rate mortgage (ARM) which declined from 3.31 percent to 3.20 percent while points fell to 0.37 from 0.51. ARMs had a 7.8 percent market share during the week compared to 7.6 percent the week before.

However, Bankrate.com, which puts out a weekly mortgage rate trend index, found that more than three-quarters of the experts it surveyed expect rates to go down in the coming week. “If this trade deal.

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Conforming Jumbo and FHA Mortgage Rates Rise For Second Consecutive Week January 17, 2013 Shashank Shekhar According to Mortgage Bankers Association’s (MBA) latest weekly survey, mortgage rates for conforming jumbo (also called High Balance Loans) and FHA loans increased again last week.

Long-Term Mortgage Rates Rise For Second Consecutive Week. March 15, 2002. 1-Year ARM Rate Barely Changed From Previous Week. McLean, VA ? In Freddie Mac’s Primary Mortgage Market Survey, the 30-year fixed-rate mortgage (FRM) averaged 7.08 percent, with an average 0.7 point, for the week ending March 15, 2002, up from 6.87 percent last week.