Does your home need updating to sell, but you don't want to do the renovation?  We have cash buyers who will buy your home!

March 11, 2017

Mortgage Rates Hit Year-High before Fed Decision

Like it? Share it!

Thirty-year fixed mortgage rates on average hit a year-high this week ahead of the Federal Reserve’s decision on the key interest rate, increasing to 4.21 percent, according to Freddie Mac’s Primary Mortgage Market Survey® (PMMS®). Fifteen-year mortgage rates, at the same time, increased to 3.42 percent, while 5-year Treasury-indexed hybrid adjustable mortgage rates increased to 3.23 percent.

Mortgage rates and the Treasury yield have uncharacteristically diverged in recent weeks—a trend that now appears to be reversing, says Sean Becketti, chief economist at Freddie Mac.

“The 10-year Treasury yield rose about 10 basis points this week,” Becketti says. “For the first time in weeks, the 30-year mortgage rate moved with Treasury yields and jumped 11 basis points to 4.21 percent. The strength of Friday’s employment report and the outcome of next week’s [Federal Open Market Committee] meeting are likely to set the direction of next week’s survey rate.”

Mortgage Rates Hit Year-High before Fed Decision 1

Source: Freddie Mac


Leave a Reply

Your email address will not be published. Required fields are marked *


Coming Soon
1449 La Jolla Dr., Thousand Oaks
Conejo Oaks Sign for 1449 La Jolla Dr.
4+2 Single Story in the prestigious "Conejo Oaks" neighborhood
Follow the progress and get on the waiting list!
2186 Aspenpark, Thousand Oaks, CA

3+2 in the "Lang Ranch Elementary School" district
Follow the progress and get on the waiting list
Recent Sales
711 Bluebonnet Ct. in Thousand Oaks

4+2 Remodeled Single Story Pool Home
Click for More Details
3490 Pine View Dr., Simi Valley
SOLD! Simi Valley 4+3 Remodeled Single Story Home with Gated RV! 3490 Pine View Dr. in Simi Valley
4+3 Remodeled Single Story Home with 15,000+sf lot and gated & paved RV parking!
Click Here for more details
30666 Passageway Pl., Agoura Hills

"Lake Lindero" One of a Kind View Home! 4+3 Two Story home with INCREDIBLE Lake Views!
Click Here for more photos of this amazing view!
Need to sell your home fast for cash?  We have fast hassle free cash offers for your home

Recent Posts

Huggins Homes

A Boutique Agency With Over 30 Years Experience Providing Personalized Consulting And Comprehensive Real Estate Services To Buyers And Sellers.
© Copyright 2015 forward - All Rights Reserved
For media inquiries about the Ventura County real estate market, real estate investing or house flipping, please contact Ryan Huggins at 805.905.4000
envelopephone  linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram