Fixed mortgage rates moved slightly higher this week, closing out the year with their ninth straight increase. After jumping 14 basis points — a basis point is 0.01 percentage point — last week, the 30-year fixed rate, the most popular mortgage product, had a more modest increase this week. According to the latest data released Thursday by Freddie Mac, the 30-year fixed-rate average ticked up to 4.32 percent with an average 0.5 point. (Points are fees paid to a lender equal to 1 percent of the loan amount.) It was 4.3 percent a week ago and 4.01 percent a year ago. Since Oct. 27, the 30-year fixed rate has risen 85 basis points. The 15-year fixed-rate average edged up to 3.55 percent with an average 0.5 point. It was 3.52 percent a week ago and 3.24 percent a year ago. The five-year adjustable rate average slipped to 3.3 percent with an average 0.5 point.
Author:Darik Steinbach Phone: 952-239-4290 Dated: December 30th 2016 Views: 42 About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years.
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Thank you for spending the time in getting me into my new home! And for putting up with apprehensive me during the process. I am happy in my new townhome and although still getting settled in, I am enjoying it. Again, thank you for your knowledge of knowing how to put it all together with selling & buying. Everything worked as you said it would!