While mortgage rates have remained at historically low levels, they now are beginning to experience incremental increases. Here, Trulia takes a look at questions to ask if you’re considering buying a home in the current atmosphere of rising rates. Should I hurry to buy a home? When rates start to rise, homebuyers often rush to buy a house before rates
Freddie Mac’s most recent Primary Mortgage Market Survey shows average mortgage rates slightly falling for the second consecutive week. “For the last 46 years, the 30-year mortgage rate has been almost perfectly correlated with the yield on the 10-year Treasury, but not this year,” says Sean Becketti, Freddie Mac’s chief economist. “From Dec. 29, 2016, through today, the 30-year mortgage
Mortgage rates are rising steadily for the first time since the Great Recession. So what does this mean for buyers now and in the future? Unless you plan to buy your home with cash, it’s important to know what’s going on with mortgage rates these days. The bad news is that they are rising. The good news is that they
Freddie Mac’s most recent Primary Mortgage Market Survey shows average 30-year mortgage rates holding steady after rising the previous week. “The 10-year Treasury yield fell 5 basis points this week following a tepid advance estimate of fourth-quarter GDP and the Fed’s decision to leave rates unchanged,” says Sean Becketti, Freddie Mac’s chief economist. “The 30-year mortgage rate remained flat at
