Articles Tagged with ''15-year FRM''

Freddie Mac: Mortgage rates increase for seventh consecutive week

30-year rate hits highest point since April 2014
Mortgage rates increased once again for the seventh consecutive week, and the 30-year rate even hit its highest point since April 2014. Freddie Mac explained mortgage rates have followed U.S. Treasury’s higher in anticipation of higher rates of inflation and further monetary tightening by the Federal Reserve.
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Freddie Mac: Mortgage rates surge to highest level since 2014

Follows news of higher-than-expected inflation levels
Mortgage rates continue to surge and have now reached their highest levels since 2014 following the news of higher-than-expected inflation levels. Freddie Mac explained inflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year.
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Freddie Mac: Interest rates drop at start of 2018

Less upward pressure could keep rates low for now
Mortgage rates decreased at the start of the year as they felt less upward pressure from the market. Freddie Mac explained that with the FOMC minutes showing continued support for gradual increases in policy rates from many participants and inflation rates remaining low, there isn’t much upward pressure on long-term rates at the moment.
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Freddie Mac: Mortgage rates on the verge of rising

But remain 36 basis points below last year
Mortgage rates increased just slightly this week, but they could be on the verge of further increases. Freddie Mac explained the majority of our survey was completed prior to the surge in long-term interest rates that followed the passage of the tax bill, but next week could see an increase.
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