\n<\/div><\/div>\n<\/div>\n<\/div>\n

The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week.<\/span><\/span><\/span><\/p>\n<\/div>\n

MCLEAN, Va. \u2013 The average 30-year fixed-rate mortgage (FRM) decreased slightly this week, easing to 2.99%; however, many analysts predict that mortgage rates will continue to rise modestly over the next year.<\/span><\/span><\/span><\/span><\/p>\n

\u201cMortgage rates continue to hover at around 3% again this week due to rising economic and financial market uncertainties,\u201d said Sam Khater, Freddie Mac\u2019s chief economist. \u201cUnfortunately, with the expectation that both mortgage rates and home prices will continue to rise, competition remains high and housing affordability is declining.\u201d<\/span><\/span><\/span><\/span><\/p>\n

Average mortgage rates for the week of Oct. 7<\/span><\/span><\/span><\/span><\/h3>\n
\u2022The 30-year fixed-rate mortgage averaged 2.99% with an average 0.7 point, down slightly from last week\u2019s 3.01%. A year ago at this time, the 30-year FRM averaged 2.87%.<\/span><\/span><\/span><\/span><\/p>\n
\u2022The 15-year fixed-rate mortgage averaged 2.23% with an average 0.7 point, down from last week\u2019s averaged 2.28%. A year ago at this time, the 15-year FRM averaged 2.37%.<\/span><\/span><\/span><\/span><\/p>\n
\u2022The 5-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 2.52% with an average 0.3 point,\u00a0up from last week\u2019s 2.48%.\u00a0A year ago at this time, the 5-year ARM averaged 2.89%.<\/span><\/span><\/span><\/span><\/p>\n
\u00a9 2021 Florida Realtors\u00ae<\/span><\/span><\/span><\/span><\/p>\n<\/div><\/div>\n
Go to Source<\/a>
\nAuthor: marlam<\/p>\n","protected":false},"excerpt":{"rendered":"
The average 30-year fixed-rate mortgage decreased slightly this week, easing to 2.99%; it was 3.01% last week. The 15-year FRM averaged 2.23% this week. MCLEAN, Va. \u2013 The average 30-year fixed-rate mortgage (FRM) decreased slightly this week, easing to 2.99%; however, many analysts predict that mortgage rates will continue to rise modestly over the next year. \u201cMortgage rates continue to hover at around 3% again this week due to rising economic and financial market uncertainties,\u201d said Sam Khater, Freddie Mac\u2019s chief economist. \u201cUnfortunately, with the expectation that both mortgage rates and home prices will continue to rise, competition remains high and housing affordability is declining.\u201d Average mortgage rates for the week of Oct. 7 \u2022The 30-year fixed-rate mortgage averaged 2.99% with an average 0.7 point, down slightly from last week\u2019s 3.01%. A year ago at this time, the 30-year FRM averaged 2.87%. \u2022The 15-year fixed-rate mortgage averaged 2.23% with an average 0.7 point, down from last week\u2019s averaged 2.28%. A year ago at this time, the 15-year FRM averaged 2.37%. \u2022The 5-year Treasury-indexed hybrid adjustable rate mortgage (ARM) averaged 2.52% with an average 0.3 point,\u00a0up from last week\u2019s 2.48%.\u00a0A year ago at this time, the 5-year ARM averaged 2.89%. \u00a9 2021 Florida Realtors\u00ae Go to Source Author: marlam<\/p>\n","protected":false},"author":4,"featured_media":5677,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"_links":{"self":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5676"}],"collection":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/users\/4"}],"replies":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/comments?post=5676"}],"version-history":[{"count":0,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/posts\/5676\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media\/5677"}],"wp:attachment":[{"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/media?parent=5676"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/categories?post=5676"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/nwfl4sale.com\/wp-json\/wp\/v2\/tags?post=5676"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}