Mortgage rates jump to a six-week high

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NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62. Bankrate: Mortgage Rates Jump to 4.

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NEW YORK, Oct. 13, 2016 /PRNewswire/ — Mortgage rates continued their move higher this week with the benchmark 30-year fixed mortgage rate rising to 3.62 percent, according to Bankrate.com’s.

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It reached a daily high at 107.82 and a low during the Asian session at. After a dismal May report which helped the Fed subsequently hint an upcoming July interest rate cut, the US jobs report for.

Americans kept borrowing in first quarter as new mortgages eased Americans continued to take on debt in the first quarter, though new mortgage borrowing slowed to the weakest level since late 2014, according to a Federal Reserve Bank of New York report. Total U.S. household debt rose 0.9% from the prior quarter to $13.67 trillion in the first three months of 2019, about in line with the pace in recent years.

A blog keeping you up to date on current mortgage rates and market conditions.. Receive an Email Alert each time a story is posted to Mortgage Rate Watch.. Mortgage Rates Jump to 2-Week Highs.

Mortgage rates this week. A year ago, it was 4.02 percent. Four weeks ago, the rate was 4.71 percent. The 30-year fixed-rate average for this week is 0.14 percentage points below the 52-week high of 4.80 percent, and is 0.71 percentage points higher than the 52-week low of 3.95 percent.

During the week ended September 13, 2018, the average rate on a 30-year fixed-rate conventional mortgage jumped to 4.60% with an average 0.5 point, a six-week high and up from 4.54% the week before. Compared with a year ago, the rate is up significantly from 3.78%.

I hate to be the bearer of bad news, but as you might expect, mortgage rates are expected to move higher over the next few years. This isn’t a surprise, given their current historically low levels. But because a 30-year mortgage rate in the high 3% range has become the new normal, some might get sticker shock.

The best day of the week for locking mortgage rates.. and mortgage rates jump 1/2 percentage point, because of your rate lock, your lender is obligated to honor your original quoted rate.

US mortgage rates jump to highest level in nearly 8 years FILE- In this Oct 2, 2018, file photo a for sale sign stands outside a home on the market in the north Denver suburb of Thornton, Colo.