{"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":"<p><a href=\"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-content\/uploads\/2016\/03\/Mortgage-rates.jpg\"><img fetchpriority=\"high\" decoding=\"async\" class=\"alignnone size-full wp-image-578\" src=\"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-content\/uploads\/2016\/03\/Mortgage-rates.jpg\" alt=\"Mortgage rates\" width=\"850\" height=\"565\" srcset=\"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-content\/uploads\/2016\/03\/Mortgage-rates.jpg 850w, https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-content\/uploads\/2016\/03\/Mortgage-rates-300x199.jpg 300w, https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-content\/uploads\/2016\/03\/Mortgage-rates-451x300.jpg 451w\" sizes=\"(max-width: 850px) 100vw, 850px\" \/><\/a><\/p>\n<p>According to Bankrate&#8217;s interest rate survey, mortgage rates increased this week. Information to keep in mind for the Bankrate&#8217;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<p>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<p>The latest weekly survey from the Mortgage Bankers Association shows that Mortgage applications decreased 3.3% last week from the\u00a0previous week.<\/p>\n<p>In regards to the future of mortgage rates, this week (March 17th to the 23rd), half of the panelists of the Bankrate&#8217;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 <a href=\"http:\/\/www.bankrate.com\/news\/rate-trends\/mortgage.aspx\">here<\/a> to view the experts explanations from each prediction.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>According to Bankrate&#8217;s interest rate survey, mortgage rates increased this week. Information to keep in mind for the Bankrate&#8217;s survey includes, a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_FSMCFIC_featured_image_caption":"","_FSMCFIC_featured_image_nocaption":"","_FSMCFIC_featured_image_hide":"","footnotes":""},"categories":[14],"tags":[103,104,71],"aioseo_notices":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/posts\/577"}],"collection":[{"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/comments?post=577"}],"version-history":[{"count":2,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/posts\/577\/revisions"}],"predecessor-version":[{"id":3153,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/posts\/577\/revisions\/3153"}],"wp:attachment":[{"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/media?parent=577"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/categories?post=577"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.juddbuilders.com\/juddbuildersblog\/wp-json\/wp\/v2\/tags?post=577"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}