Mortgage News Daily Rates
Mortgage News Daily
When it comes to keeping up with mortgage rates, there are few sources as reliable as Mortgage News Daily. It is the trusted source of interest rates for over one million readers every month. These rates are calculated by the central bank of Canada and can be used to determine monthly payments, points, and more. The point is the upfront fee you pay for borrowing money. For example, if you borrow $250000 for a 30-year mortgage, the point would be one percent of the loan amount. The interest rate you pay will depend on your local rate. If you borrow 250000, it will cost you three points. The point is based on the local rate and will be set at closing.
Mortgage News Daily provides you with up-to-date mortgage and real estate news. During the week, the 30-year fixed-rate mortgage increased to 3.09 percent. This is slightly lower than the 3.18% rate in April, which was also the highest rate for a 30 year fixed-rate mortgage. The average 15-year fixed-rate mortgage rose to 2.49 percent, while the 5/1 adjustable-rate mortgage rose to 3.17 percent. This trend is likely to continue through the remainder of the year.
Although mortgage rates fluctuate on a daily basis, they may be slightly higher or lower than the previous week. During the overnight trading session, the 30-year fixed-rate mortgage fell eight basis points from 2.15 percent to %, and the five-year adjustable-rate mortgage increased six basis points from 2.14 percent to 2.20 percent. While this is a slight increase from the previous week, it is still well below the historical average. The 30-year fixed-rate mortgage climbed to 3.694% and the 15-year fixed-rate mortgage rose to 2.49 percent.
Mortgage News Daily Rates
While these figures are far from accurate, they are indicative of what to expect over the coming week. This week, mortgage rates rose from the lows reached in September to the highest level since the morning of Sept. 18. The average 30-year fixed-rate rose from 2.15% to 3.25%, and the 15-year fixed-rate rose from 2.78% to 3.35%. While the 30-year fixed-rate rose from one week to another, the 15-year fixed rate increased by 18.2% over 2020.
The average 30-year fixed-rate rose to 2.97% in the first week of December. In contrast, the 15-year fixed-rate was higher than the 30-year, despite falling mortgage applications last week. The data from the Federal Reserve’s auctions is also important. They affect mortgage rates. In addition to daily rates, the rate of a mortgage should be updated weekly. A high-quality news service can provide the latest information about the state of the economy.
Mortgage News Daily is a good source for the latest rates on home loans. The site updates the data and reports on all the most recent mortgage and real estate market developments. This week, the average 30-year fixed-rate rose to 3.09%, the highest level since April. Moreover, the average 15-year fixed-rate and the 5/1 adjustable-rate rose to 2.78%, both compared to the previous week’s lows.