Search
Exact matches only
Search in title
Search in content
Search in comments
Search in excerpt
Filter by Custom Post Type
Content from
{ "homeurl": "https://rismedia.com/", "resultstype": "vertical", "resultsposition": "hover", "itemscount": 4, "imagewidth": 70, "imageheight": 70, "resultitemheight": "auto", "showauthor": 0, "showdate": 1, "showdescription": 1, "charcount": 3, "noresultstext": "No results!", "didyoumeantext": "Did you mean:", "defaultImage": "https://rismedia.com/wp-content/plugins/ajax-search-pro/img/default.jpg", "highlight": 0, "highlightwholewords": 1, "openToBlank": 1, "scrollToResults": 0, "resultareaclickable": 1, "autocomplete": { "enabled": 1, "googleOnly": 1, "lang": "en", "mobile": 1 }, "triggerontype": 1, "triggeronclick": 1, "triggeronreturn": 1, "triggerOnFacetChange": 1, "trigger": { "delay": 300, "autocomplete_delay": 310 }, "overridewpdefault": 0, "override_method": "post", "redirectonclick": 0, "redirectClickTo": "results_page", "redirect_on_enter": 0, "redirectEnterTo": "results_page", "redirect_url": "?s={phrase}", "settingsimagepos": "left", "settingsVisible": 0, "hresulthidedesc": "0", "prescontainerheight": "400px", "pshowsubtitle": "0", "pshowdesc": "1", "closeOnDocClick": 1, "iifNoImage": "description", "iiRows": 2, "iiGutter": 5, "iitemsWidth": 200, "iitemsHeight": 200, "iishowOverlay": 1, "iiblurOverlay": 1, "iihideContent": 1, "loaderLocation": "auto", "analytics": 0, "analyticsString": "", "show_more": { "url": "?s={phrase}", "action": "ajax" }, "mobile": { "trigger_on_type": 1, "trigger_on_click": 1, "hide_keyboard": 0 }, "compact": { "enabled": 1, "width": "300px", "closeOnMagnifier": 1, "closeOnDocument": 0, "position": "fixed", "overlay": 0 }, "animations": { "pc": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "fadeInDown" }, "mob": { "settings": { "anim" : "fadedrop", "dur" : 300 }, "results" : { "anim" : "fadedrop", "dur" : 300 }, "items" : "voidanim" } }, "autop": { "state": "disabled", "phrase": "", "count": 100 } }
Share This Post Now!

RISMEDIA, March 17, 2008-Fixed mortgage rates posted a modest increase in the past week, with the average conforming 30-year fixed mortgage rate now 6.39%. According to Bankrate.com’s weekly national survey of large lenders, the average 30-year fixed mortgage has an average of 0.4 discount and origination points.

The average 15-year fixed rate mortgage popular for refinancing nudged higher, to 5.85%, while the average jumbo 30-year fixed rate jumped to 7.6%. Adjustable mortgage rates skyrocketed, with the average 5/1 ARM rising nearly one-half percentage point to 6.21%.

In the past week, as well as over the past several weeks, fixed mortgage rates have yo-yoed up, down, and around the 6.4% mark. But yields on ten-year Treasury notes, to which fixed mortgage rates are typically closely related, have moved consistently lower. Treasury yields have fallen one- quarter percentage point in the past week and nearly one-half percentage point since Feb. 20. This has not translated into lower mortgage rates, as the spread between risk-free Treasury debt and rates for mortgages has expanded. This wider risk premium reflects the nervousness about credit quality and the financial health and capability of entities that guarantee payments on mortgage-backed securities. Conforming mortgage rates are one full percentage point higher than normal, given the level of Treasury yields. For larger jumbo mortgages, the spread is nearly two full percentage points wider than customary levels.

The mortgage rate winds can change direction quickly. On Jan. 23, the average 30-year fixed mortgage rate was 5.57%, meaning that a $200,000 loan would have carried a monthly payment of $1,144.38. Now that the average conforming 30-year fixed rate is 6.39%, the same $200,000 loan carries a monthly payment of $1,249.70.

SURVEY RESULTS

– 30-year fixed: 6.39% — up from 6.32% last week (avg. points: 0.4)
– 15-year fixed: 5.85% — up from 5.79% last week (avg. points: 0.35)
– 5/1 ARM: 6.21% — up from 5.72% last week (avg. points: 0.66)

Bankrate’s national weekly mortgage survey is conducted each Wednesday from data provided by the top 10 banks and thrifts in the top 10 markets.

For more information, visit http://www.bankrate.com/mortgagerates

192.168.100.61