Boston Realtor Mike Mahoney
Michael Mahoney
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Mortgage Rates Rise Again, But Remain Below Yearly Lows

Mortgage Rates Rise Again, But Remain Below Yearly Lows

Freddie Mac reports the following national averages with mortgage rates for the week ending April 18:

30-year fixed-rate mortgages: averaged 4.17 percent, with an average 0.5 point, rising from last week’s 4.12 percent. Last year at this time, 30-year rates averaged 4.47 percent.
15-year fixed-rate mortgages: averaged 3.62 percent, with an average 0.5 point, rising from last week’s 3.60 percent average. A year ago, 15-year rates averaged 3.94 percent.
5-year hybrid adjustable-rate mortgages: averaged 3.78 percent, with an average 0.3 point, falling from last week’s 3.80 percent average. A year ago, 5-year ARMs averaged 3.67 percent.

“After dropping dramatically in late March, mortgage rates have modestly increased since then,” “While this week marks the third consecutive week of rises, purchase activity reached a nine-year high—indicative of a strong spring homebuying season.” Sam Khater, Freddie Mac’s chief economist

2 Responses to “Mortgage Rates Rise Again, But Remain Below Yearly Lows”

  1. April 23, 2019 at 1:56 pm, Existing-Home Sales Slide 4.9% in March | Boston Realty by Realtor Michael Mahoney of eXp said:

    […] Mortgage Rates Rise Again, But Remain Below Yearly Lows […]

  2. April 24, 2019 at 7:31 pm, 7 Myths About Mortgages Today | Boston Realty by Realtor Michael Mahoney of eXp said:

    […] Mortgage Rates Rise Again, But Remain Below Yearly Lows […]

Reviews

5suzannechapman1208

I selected Mike after having a very unsuccessful experience with a previous broker. He had excellent ideas in helping to sell my house and continued to advertise it with a fresh perspective. His experience helped in a number of ways and I only wish we had... (more)

5goodlife99

This is the second property I have sold in Weymouth MA with Mike as my broker. He research the area and give you all the information you need to decide what to list your property for, so it sells timely. He also helps review and negotiate all offers and is... (more)

5SullyLemmons

We had been trying to sell our condo for well over a year and decided to give Mike a shot at it as he came well recommended. It was not easy for him but he persisted and had success. Even though it wasn't a big sale or profit for him, he acted as though it... (more)

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