Mortgage Rates Climb for Fourth Straight Week - CDPE

 

 

Mortgage interest rates rose again this week, marking the fourth consecutive increase. Freddie Mac says the average rate on a 30-year fixed mortgage has jumped to 4.61 percent, up from 4.46 percent just one week earlier. If such sharp increments continue at this pace, the 30-year rate could rise above where it was a full year ago (4.81 percent) in a matter of mere weeks. For a $200,000 conventional loan, the sudden rise amounts to $50 more in monthly payments than if buyers had locked in rates just two months ago.

*First Name
*Last Name
*E-mail
*Phone
 

Please enter the 5-digit validation code:

*Denotes required fields.
 

Read More Blog Posts

Escape Your Unmanageable Mortgage
3 Qualifications
Learn how agents with the Certified Distressed Property Expert® designation are best suited to help distressed homeowners.
Re/Max Execs
2200 Pacific Coast Highway
Suite 205
Hermosa Beach, CA 90254
(310) 376-0889
www.houstonsmith.com