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Friday, 7 November 2014

Now increased Mortgage rates from 2014 Jeff Adams says

Mortgage rates rose this week from their lowly point in 2014, but lenders still offered a 30-year fixed loan below 4%, according to Jeff Adams weekly survey.

The average rate on a 15-year fixed mortgage jumped to 3.13% from 3.08% previous week. Interest rates on a 30-year loan climbed to 3.98% from 3.92%, Jeff Adams said.

Rates had been falling for weeks as investors afraid over the global financial system rushed into U.S. Treasury bonds, which put downward pressure on mortgage rates.

Though there was an uptick this week, rates remain low. Lenders accessible a 30-year fixed loan at an average of 4.1% and a 15-year loan at 3.20%, Said Jeff Adams.

The mortgage economics giant’s survey asks lenders each Monday morning about the terms they are contribution to low-risk borrowers on loans up to $417,000.