{"id":577,"date":"2016-03-22T15:00:56","date_gmt":"2016-03-22T19:00:56","guid":{"rendered":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/?p=577"},"modified":"2017-10-02T10:54:46","modified_gmt":"2017-10-02T14:54:46","slug":"mortgage-rate-trends","status":"publish","type":"post","link":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/2016\/03\/22\/mortgage-rate-trends\/","title":{"rendered":"Mortgage Rate Trends"},"content":{"rendered":"

\"Mortgage<\/a><\/p>\n

According to Bankrate’s interest rate survey, mortgage rates increased this week. Information to keep in mind for the Bankrate’s survey includes, a jumbo mortgage is a loan that is at least $650,000 and a\u00a0basis point is one-hundredth of 1%.\u00a0Here are some statistics from the latest survey:\u00a0The benchmark 30-year fixed-rate mortgage increased\u00a06 basis points to 3.93%. The benchmark 15-year fixed-rate mortgage increased\u00a07 basis points to 3.17%.\u00a0The average 30-year fixed-rate jumbo mortgage increased\u00a06 basis points to 3.84%.<\/p>\n

The average 5\/1 adjustable-rate mortgage rose\u00a010 basis points to 3.43%. With a 5\/1 ARM, the rate is fixed for 5 years and adjusted annually thereafter.<\/p>\n

The latest weekly survey from the Mortgage Bankers Association shows that Mortgage applications decreased 3.3% last week from the\u00a0previous week.<\/p>\n

In regards to the future of mortgage rates, this week (March 17th to the 23rd), half of the panelists of the Bankrate’s\u00a0Rate Trend Index believe that Mortgage Rates will rise over the next week, a quarter say they will stay\u00a0relatively unchanged and the remaining quarter thinks they will fall.\u00a0The panel consists of mortgage bankers, mortgage brokers along with\u00a0other industry experts. Click here<\/a> to view the experts explanations from each prediction.<\/p>\n","protected":false},"excerpt":{"rendered":"

According to Bankrate’s interest rate survey, mortgage rates increased this week. Information to keep in mind for the Bankrate’s survey includes, a […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[14],"tags":[103,104,71],"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t