{"id":11035,"date":"2017-02-21T12:44:47","date_gmt":"2017-02-21T12:44:47","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=11035"},"modified":"2017-02-21T12:44:54","modified_gmt":"2017-02-21T12:44:54","slug":"mortgage-rates-year-full-surprises","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-year-full-surprises\/","title":{"rendered":"Mortgage Rates: Is It a ‘Year Full of Surprises’?"},"content":{"rendered":"

Mortgage Rates: Is It a ‘Year Full of Surprises’?<\/h2>\n
\"Mortgage<\/a>

Mortgage Rates: Is It a ‘Year Full of Surprises’?<\/p><\/div>\n

Mortgage rates fell slightly for the second consecutive week, taking a path that many economists haven’t expected.<\/p>\n

“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 rate fell 17 basis points to this week’s reading of 4.15 percent. In contrast, the 10-year Treasury yield began and ended the same period at 2.49 percent. While we expect mortgage rates to fall into line with Treasury yields shortly, this just may be a year full of surprises.”<\/p>\n

Freddie Mac reported the following national averages with mortgage rates for the week ending Feb. 16:<\/p>\n