Mortgage rates jump to a six-week high

Mortgage rates track alongside the benchmark 10-year U.S. Treasury note yield TMUBMUSD10Y, -3.48% , which roared to a four-month high as trade war fears eased and Federal Reserve officials doubled.

Home prices are up 6.5 percent from a year ago, according to Zillow, so looking nationally, monthly mortgage payments for the typical home are 15.4 percent higher than they were in August 2017..

"No Fed rate hike this week but clear indications of another to come in December will push bond yields and mortgage rates a bit higher," McBride said. Michael Becker, branch manager at Sierra Pacific.

 · TD’s variable rate mortgage hike from 2.7 per cent to 2.85 per cent: $1,319 to $1,341 – $22 more per month. For a $700,000 mortgage , the same changes in rates.

The benchmark 30-year fixed mortgage rate was 4.27 percent this week, up from 4.25 percent a week ago, according to Bankrate’s latest survey of the nation’s largest mortgage lenders. The last time.

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I hate to be the bearer of bad news, but as you might expect, mortgage rates are expected to move higher over the next few years. This isn’t a surprise, given their current historically low levels. But because a 30-year mortgage rate in the high 3% range has become the new normal, some might get sticker shock.

Rates for home loans jumped in step with yields in the bond market even as fresh reminders of familiar headwinds stalked the housing market. The 30-year fixed-rate mortgage averaged 4.65% in the Sept. 20 week, according to Freddie Mac’s weekly survey .

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Mortgage Rates Jump to 6-Week High. By. 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.

Mortgage Rates Jump to 7-year high 30-year fixed-rate mortgage rose for the fifth consecutive week to 4.72%. freddie mac (otcqb: fmcc) reported Thursday that mortgage rates in the past week surged.

After staying below 5 percent and near record lows for several months, rates on 30-year fixed rate mortgages surged upward during the latest week, according to data from mortgage company Freddie Mac. During the week ended June 4, 2009, the average rate grew to 5.29 percent, excluding fees, a huge increase from 4.91 percent the week before.