Mortgage Rates Rise For Third Straight Week
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
Mortgage rates rose for the third straight week this week. Could this be the end of rock-bottom mortgage rates?
The interest rate gap between fixed-rate mortgages and adjustable-rate mortgages is growing. It peaked 2 weeks ago, but remains huge at 1.16 percentage points.
As of this morning, mortgage rates are higher over 9 consecutive days, marking the longest mortgage rate losing streak in the last 6 years, at least.
Currently, relative to fixed rate mortgages, ARM pricing is excellent. Freddie Mac's weekly Primary Mortgage Market Survey puts the 5-year ARM mortgage rate lower than the 30-year fixed rate mortgage rate by 1.02 percent.
For today's home buyers and homeowners that can manage the [...]