Call Us: 772-334-8600
Email
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 – http://www.floridarealtors.org/NewsAndEvents/article.cfm?id=362641

...

Mortgage Rates Rise to Nearly Four-Year High on Inflation Concerns

Mortgage rates have climbed to the highest level in close to four years, according to data released Thursday. The 30-year fixed-rate mortgage averaged 4.38% in the week ending Feb. 15, up from 4.32%, mortgage buyer Freddie Mac said. A year ago, the benchmark mortgage averaged 4.15%. The 15-year fixed-rate mortgage averaged 3.84%, up from 3.77%, and the 5-year Treasury-indexed hybrid adjustable-rate mortgage averaged 3.63%, up from 3.57%. The backup in rates has occurred on concerns about rising inflation pressure, with the latest increase coming after a stronger-than-forecast gain in consumer prices. “Inflation measures were broad-based, cementing expectations that the Federal Reserve will go forward with monetary tightening later this year,” said Len Kiefer, deputy chief economist. Fellow mortgage buyer Fannie Mae said it’s upped its ...