Mortgage Rates Begin Another Week Moving Higher

Mortgage Rates Begin Another Week Moving Higher May 18 2015, 4:34PM Mortgage rates moved higher out of the gate for a second straight week, though today’s jump was smaller than last Monday’s.

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Mortgage rates moved decisively higher this week as the underlying bond market. Mortgage rates began the day in slightly lower territory compared to last. last month's report raised concerns about a potential shift in labor market trends.

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Mortgage Interest Rates went up late last week – not much, but still they moved higher. Economic News out this week could move rates higher. First time homebuyers in NC could pay more for houses

Higher mortgage interest rates and low inventory look like they will be with us well into 2019. If you’re thinking of selling your home, NOW is definitely better than later! “The spring and summer homebuying and selling season ultimately ended up being a letdown,” says Freddie Mac’s chief economist.

Mortgage rates were higher by a fairly small margin. the big stock losses seen on several occasions in recent weeks. Now, as stocks begin to stabilize and move higher, rates have felt some pressure.

Mortgage rates have been pushing higher for the last 6 months. As the economy improves, it would be likely to see rates continue in this direction. The 30 year fixed is up 0.44 in rate from the low of 3.78 recorded in September 2017 and has not been reported this high since last March.

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Mortgage rates move higher for Wednesday. The average rates on 30-year fixed and 15-year fixed mortgages both floated higher. Meanwhile, the average rate on 5/1 adjustable-rate mortgages also cruised higher. Rates for mortgages are in a constant state of flux, but they have remained in a historically low range for quite some time.

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 · "In a week of mixed mortgage rate movements across the various loan types, the 30-year fixed rate finished slightly higher than last week, but was still close to lows last seen in 2016," said Joel.

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