{"id":16317,"date":"2019-11-04T14:13:04","date_gmt":"2019-11-04T14:13:04","guid":{"rendered":"http:\/\/www.anthonydidonato.net\/wordpress\/?p=16317"},"modified":"2019-11-04T14:13:06","modified_gmt":"2019-11-04T14:13:06","slug":"mortgage-rates-rise-again-2","status":"publish","type":"post","link":"https:\/\/www.anthonydidonato.net\/wordpress\/mortgage-rates-rise-again-2\/","title":{"rendered":"Mortgage Rates Rise Again"},"content":{"rendered":"

Mortgage Rates Rise Again<\/h1>\n
\"Mortgage<\/a>

Mortgage Rates Rise Again<\/p><\/div>\n

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For the third consecutive week, the interest rate for the 30-year fixed-rate mortgage increased. The rise came despite the Federal Reserve cutting its key benchmark rate for the third time this year<\/a>. The Fed\u2019s interest rate often influences mortgage rates.<\/p>\n

However, home buyers are still taking advantage of historically low mortgage rates, Freddie Mac reports. \u201cPurchase activity continues to show strength, indicating obvious homebuyer demand,\u201d says Sam Khater, Freddie Mac\u2019s chief economist. \u201cHowever, the lack of housing supply remains a major barrier to not just the housing market but the overall economic recovery.\u201d<\/p>\n

Freddie Mac reports the following national rates for the week ending Oct. 31:<\/p>\n

30-year fixed-rate mortgages: <\/strong>averaged 3.78%, with an average 0.5 point, rising from last week\u2019s 3.75% average. Last year at this time, 30-year rates averaged 4.83%.<\/p>\n

15-year fixed-rate mortgages: <\/strong>averaged 3.19%, with an average 0.6 point, rising from last week\u2019s 3.18% average. A year ago, 15-year rates averaged 4.23%.<\/p>\n

5-year hybrid adjustable-rate mortgages: <\/strong>averaged 3.43%, with an average 0.4 point, up from last week\u2019s 3.4% average. A year ago, 5-year ARMs averaged 4.04%.<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n

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Source:<\/div>\n
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Freddie Mac<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

Mortgage Rates Rise Again For the third consecutive week, the interest rate for the 30-year fixed-rate mortgage increased. The rise came despite the Federal Reserve cutting its key benchmark rate for the third time this year. The Fed\u2019s interest rate often influences mortgage rates. However, home buyers are still taking advantage of historically low mortgage … <\/p>\n

Continue reading<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16,8],"tags":[5,32,4,9],"class_list":["post-16317","post","type-post","status-publish","format-standard","hentry","category-news","category-real-estate-tips","tag-anthony-didonato","tag-news","tag-real-estate","tag-tips","item-wrap"],"yoast_head":"\nMortgage Rates Rise Again - Real Estate Agent and Sales in PA - Anthony DiDonato Broomall, Media, Delaware County and surrounding areas in Pennsylvania<\/title>\n<meta name=\"description\" content=\"Freddie Mac reports that Mortgage Rates Rise Again this week. Get a new mortgage today before even more rises happen. 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