Things may be changing today. Over the weekend, the bond market (which dictates mortgage rates and interest rates in general) digested news that Mexico tariffs are off the table for now. The initial.
Mortgage Rate Update. As of September 18, 2019, mortgage rates for 30-year fixed mortgages remained flat over the past week, with the rate borrowers were quoted on Zillow at 3.74%, down one basis point from September 11.
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Mortgage rates rose modestly today after spending the past 2 days moving sideways. and it will be that economic data that will ultimately have a bigger say with respect to interest rate momentum.
The average mortgage interest rate today is around 4.85%, which still makes this a great time to buy a home. Most lenders today are able to offer comparable rates, within a few percentage points. The difference between 1/8 of a percent on an interest rate is around $18 -$19 on an average monthly mortgage payment.
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Mortgage rates surged this week amid fair economic news, continued optimism about improving trade relations and central bank actions to prop up soft global growth. As reported by Freddie Mac, the average offered rate for a conforming 30-year fixed-rate mortgage climbed 17 basis points (0.17%), lifting the benchmark mortgage rate to 3.73%, their.