We’ll add more market news briefs throughout the day. Check back to read the latest.

Most recent market news

Thursday, April 26

Freddie Mac Primary Mortgage Survey

  • 30-year fixed-rate mortgage (FRM) averaged 4.58 percent with an average 0.5 point for the week ending April 26, 2018, up from last week when it averaged 4.47 percent. A year ago at this time, the 30-year FRM averaged 4.03 percent.
  • 15-year FRM this week averaged 4.02 percent with an average 0.4 point, up from last week when it averaged 3.94 percent. A year ago at this time, the 15-year FRM averaged 3.27 percent.
  • 5-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.74 percent this week with an average 0.3 point, up from last week when it averaged 3.67 percent. A year ago at this time, the 5-year ARM averaged 3.12 percent.

“Following Treasuries, mortgage rates soared,” said Len Kiefer, Freddie Mac deputy chief economist. “The U.S. weekly average 30-year fixed mortgage rate rose five basis points to 4.47% in this week’s survey, its highest level since January of 2014 and the largest weekly increase since February of this year.”

Zillow Rate Mortgage Ticker

  • The 30-year fixed mortgage rate on Zillow Mortgages is currently 4.43 percent, up 18 basis points from this time last week.
  • The 30-year fixed mortgage rate climbed steadily over the past week.
  • The rate for a 15-year fixed home loan is currently 3.83 percent, and the rate for a 5-1 adjustable-rate mortgage (ARM) is 3.78 percent.
  • The rate for a jumbo 30-year fixed loan is 4.47 percent.

Source: Zillow

“After flatlining for much of the past two months, mortgage rates have again moved definitively upward, touching their highest levels since January 2014,” said Aaron Terrazas, senior economist at Zillow.

“This upward momentum suggests a growing acceptance of the underlying strength of the American economy that markets seemed to discount over the past couple of months. Several Fed speakers over the past week noted the strength of incoming U.S. economic data, which will be particularly important going into next week’s FOMC meeting. GDP and wage data due later this week will be important metrics to watch as recent geopolitical flashpoints seem to be receding.”

News from earlier this week

Wednesday, April 25

Bankrate mortgage rates

  • The average rate you’ll pay for a 30-year fixed mortgage is 4.50 percent, up 17 basis points since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.30 percent.
  • The average 15-year fixed-mortgage rate is 3.89 percent, up 14 basis points from a week ago.

Tuesday, April 24

Bankrate mortgage rates

  • The average 30-year fixed-mortgage rate is 4.47 percent, an increase of 11 basis points over the last seven days. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.33 percent.
  • The average 15-year fixed-mortgage rate is 3.88 percent, up 13 basis points over the last week.

Source: Bankrate

Monday, April 23

Bankrate mortgage rates

  • The average 30-year fixed-mortgage rate is 4.41 percent, up 6 basis points since the same time last week. A month ago, the average rate on a 30-year fixed mortgage was lower, at 4.33 percent.
  • The average 15-year fixed-mortgage rate is 3.81 percent, up 6 basis points over the last week.

Source: Bankrate

Email Inman

Show Comments Hide Comments

Comments

Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription