News Archives | Stuart, FL Real Estate | AmPro Realty | Stuart Homes for Sale in MLS
Call Us: 772-334-8600
Search Properties By County

Treasure Coast & Palm Beach | Real Estate News

Mortgage Rates Touch 4-Year High to 4.40%

Rates for home loans have reached a nearly a four-year high as investors abandoned bonds in the face of stronger signs of inflation and central bank tightening, sending yields on debt higher. The benchmark 30-year fixed-rate mortgage averaged 4.40% during the week ending Feb. 22, according to Freddie Mac’s weekly survey, out Thursday. That was up two basis points from the prior week and leaves rates nearly half-a-percentage point higher than the level at which they started the year. The 15-year fixed-rate mortgage averaged 3.85%, up from 3.84%. The 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.65%, up two basis points. Those rates don’t include fees associated with obtaining mortgage debt. Mortgage rates track the benchmark 10-year U.S. Treasury note, which has been clobbered lately as ...

Are ultra-low mortgage rates gone forever?

“I would say this has been a long time coming,” says Dan Starelli, head of Guild Mortgage in Sacramento, Calif. “We’ve had interest rates dropping for decades. I think we hit bottom. I don’t think we’ll see rates in the 3s again.” from Florida Realtors® News For more information, visit –