Mortgage Rates Edge Higher, Approaching Crossroads

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The Fed’s monetary-policy committee voted to keep the benchmark U.S. interest rate at 2.25% to 2.5%, but warned of risks to the U.S. economy and dropped a pledge to remain ‘patient’ on future rate.

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Financial data affecting today’s mortgage rates. First thing this morning, markets looked set to deliver mortgage rates that are higher or unchanged today. By approaching 10:00 a.m. (ET), the.

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There are two big things to think about when making the decision to pay your mortgage early: Your mortgage interest rate The returns you expect from investing Which of these two rates is higher is the.

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Home borrowing rates remain at their highest levels in more than seven years, with the key 30-year rate approaching 5 percent. mortgage buyer freddie mac said Thursday that the rate on 30-year fixed-rate mortgages ticked up to an average 4.86 percent this week from 4.85 percent last week. A year ago, it stood at 3.94 percent.

Mortgage Rates Edge Slightly Higher. 5 YEAR ARMS – 3.75-4.25% depending on the lender.

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 · Mortgage Outlook: Rates Will Ratchet Up. In early February, the national average 30-year fixed rate was 4.2%, according to Freddie Mac. By the end of 2018, Kiplinger expects the 30-year fixed rate to hit 4.5% and the 15-year fixed rate to reach 4.2%, up from 3.7% in early February.

Mortgage Rates edge higher. jul 16 2018, 4:11PM. Mortgage rates fell to their lowest levels since late May as of last Friday. Today, then, would be the 2nd best day since late May. Rates edged slightly higher to begin the new week as bond markets (which underlie rates) came under modest pressure for several relatively inconsequential reasons.

As mortgage rates increase, your purchasing power is decreasing. Add rising home values to the equation, and consumers may find that what they could afford a year or two ago is no longer within reach.