Lamorinda Home Finder

Just another WordPress site

  • About
    • Client’s Corner
  • Communities
    • Alamo
    • Concord
    • Danville
    • Lafayette
    • Moraga
    • Orinda
    • Pleasant Hill
    • Walnut Creek
  • Services
  • Resources
    • Seller’s Guide
    • Buyer’s Guide
  • Contact
  • Blog

Mortgage Rates Start To Rise

January 5, 2018

The Mortgage Bankers Association report indicates that applications are up 4.7. The 30 year fixed average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($424,100 or less) remained decreased to 4.19 percent from 4.20 last week.

The average rate on a 30-year fixed-rate mortgage ticked up by 4 basis points last week to 3.94%. However, expectations are for longer-term rates to begin to rise later this month. The Federal Reserve is likely to raise short-term rates, jobs figures are robust, and core inflation is essentially in the target range. 10-year treasury rates have already increased to 2.4%, and mortgage rates will likely begin to follow suit gradually.

Tagged With: Federal Reserve, Mortgage Rates

CA BRE #01211313

Coldwell Banker Residential Brokerage
CA BRE #00616212

5 Moraga Way
Orinda, CA 94563

info@lamorindahomefinder.com

Office: 925-923-4600
Mobile: 925-878-2334
DRE: #01211313

  • Facebook
  • LinkedIn
  • Twitter
  • YouTube

What’s My Home Worth?

Please fill out the information below and I will be in touch with you shortly.

Copyright © 2021 · Joanne Fishman · All Rights Reserved