Sentences with phrase «average mortgage rates reached»
According to Freddie Mac, average mortgage rates reached a high of 16.63 percent in 1981, eventually dipping to pre-recession rates of 6.41 percent in 2006.
http://rismedia.com/ Not exact matches
In a recent statement, they predicted that «mortgage rates will increase gradually through 2016 in response to monetary tightening, averaging 4.4 % for the year,» and perhaps reaching 4.7 % by the end of 2016.
The average rate for a 30 - year fixed mortgage reached 4.04 percent in the week ended June 11, according to data from McLean, Virginia - based Freddie Mac.
The average mortgage rate for a 30 - year fixed home loan rose again this week, nearly reaching 4 %.
The average 15 - year fixed rate mortgage rate also dropped to a new, all - time low, reaching 2.69 %.
In a recent statement, they predicted that «mortgage rates will increase gradually through 2016 in response to monetary tightening, averaging 4.4 % for the year,» and perhaps reaching 4.7 % by the end of 2016.
King says it will take only a 2 % jump to «push a fixed rate mortgage beyond the reach of the average homeowner.»
As part of our forecast for 2016, we expect the average 30 - year conforming mortgage rate to reach 4.65 % by the end of next year.
Mortgage rates are predicted to rise gradually in the coming year, ultimately reaching a fourth quarter average of 4.3 %.
«Nationally, mortgage rates still have room to grow before the share of income needed to pay the median monthly mortgage reaches the historical average, but many more expensive coastal markets are either close to or have exceeded what has been considered historically affordable.»
Fixed - rate mortgages haven't reached this level since May 23, 2013, with 30 - year fixed - rate mortgages averaging 3.59 percent, Freddie Mac reports in its weekly mortgage market survey.
The index — which tracks median home price, median family income, and the average mortgage rate — reached 206.1 in January.
Mortgage rates have reached their peak to date this year in the week leading up to the expected rise in the key interest rate, with the 30 - year fixed - rate mortgage averaging 4.13 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey ® (Mortgage rates have reached their peak to date this year in the week leading up to the expected rise in the key interest rate, with the 30 - year fixed - rate mortgage averaging 4.13 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey ® (mortgage averaging 4.13 percent, according to Freddie Mac's recently released Primary Mortgage Market Survey ® (Mortgage Market Survey ® (PMMS ®).
For the second consecutive week, mortgages rates rose, with the 30 - year fixed - rate mortgage reaching its highest average in nearly two months.
The average contract interest rate for 15 - year fixed - rate mortgages decreased to 3.06 % from 3.10 %, reaching the lowest rate since May 2013.
The average mortgage rate for a 30 - year fixed home loan rose again this week, nearly reaching 4 %.
In a recent statement, they predicted that «mortgage rates will increase gradually through 2016 in response to monetary tightening, averaging 4.4 % for the year,» and perhaps reaching 4.7 % by the end of 2016.
In June 2016, the rate on 30 - year fixed mortgages reached near - record lows at an average of 3.57 %.
The industry group expects the average rate for a 30 - year mortgage loan to creep upward over the coming months, perhaps reaching 4.3 % by the end of 2017.
The 30 - year fixed - rate mortgage reached its highest average since December 2016, Freddie Mac reports.
The average 30 - year fixed mortgage rate reached 4.38 percent last week, the highest in nearly four years.
The Mortgage Bankers Association's latest forecast says the 30 - year fixed rate could average 4.9 percent by the third quarter and reach 5 percent by the end of 2014.
The National Association of REALTORS ® predicts the 30 - year fixed mortgage rate — at an average of 4.22 percent last week — will reach about 5.3 percent by the end of 2014.