Mortgage Rates Take Another Upswing – NMP Skip to main content

Mortgage Rates Take Another Upswing

Phil Hall
Mar 16, 2017

Average mortgage rates were up for the second consecutive week, according to Freddie Mac’s Primary Mortgage Market Survey (PMMS) for the week ending March 16.
 
The 30-year fixed-rate mortgage (FRM) averaged 4.30 percent, up from last week when it averaged 4.21 percent, while the 15-year FRM this week averaged 3.50 percent, up from last week when it averaged 3.42 percent. The five-year Treasury-indexed hybrid adjustable-rate mortgage (ARM) averaged 3.28 percent this week, up from last week when it averaged 3.23 percent.
 
Sean Becketti, chief economist at Freddie Mac, predicted that a combination of “increasing inflation, continued gains in the labor market and the Fed's intentions for further rate increases … will keep pushing mortgage rates up this year.”
Published
Mar 16, 2017
Chairman Xu Sells Off Personal Assets To Avoid Default

The Evergrande saga continues as Chairman Xu Jiayin sells off 7 billion yuan ($1.1 billion) of his personal assets to prop up the deflating property giant.

Industry News
Nov 23, 2021
OptiFunder Secures $25 Million In Capital

OptiFunder, a warehouse management system provider for mortgage originators, raised $25 million in additional capital lead by Arthur Ventures, a growth capital firm focused on high-growth, founder-led and capital efficient B2B software companies.

Tech
Nov 23, 2021
Mortgage Company Donates $100K To High School In Memory Of Fallen U.S. Navy Corpsman

Cleveland-based CrossCountry Mortgage donated $100,000 to Milan Edison High School in memory of U.S. Navy Corpsman, Maxton W. Soviak, who died while assisting in the evacuation of Americans and refugees in Afghanistan in August.

Community
Nov 23, 2021
MISMO Seeks To Standardize Pre-Closing Title Data

Forming workgroup to focus on standardizing document datasets to streamline process and increase efficiency.

Industry News
Nov 23, 2021
Pandemic's Impact On Real Estate Around The World

Although the impact of the COVID-19 pandemic on the real estate industry has been well-documented within the United States, it’d be prudent to know how the global event impacted other countries as well. 

Industry News
Nov 22, 2021
Housing Market Potential Strengthens Modestly

First American Financial Corporation's Potential Home Sales Model for October 2021 reported that potential existing-home sales increased 0.1% month-over-month to 6.27 million, with household formation continuing to grow, largely driven by millennials.

Analysis and Data
Nov 22, 2021