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: 49 About Darik: I have been selling residential real estate in Minneapolis full time for 10+ years.
View our latest blog posts in your RSS reader. Click here to access.
A home is not a home because of its room dimensions or the color of the walls. It is about how you feel when you walk through the front door, and the way you can instantly envision your life unfolding there.
This is about more than real estate. It is about your life and your dreams.
How Long Should You Live in Your Home? 6 Signs It's Time to Move
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!