The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.92 percent from 3.90 percent, with points increasing to 0.39 from 0.31
The average contract interest rate for 30-year fixed-rate mortgages backed by the FHA increased to 3.92 percent from 3.90 percent, with points increasing to 0.39 from 0.31
On the topic of borrowing rates, Yun foresees the U.S. to start slowly entering a rising interest rate environment in coming months, with the Federal Reserve increasing short-term rates in December, and then again in March. He expects mortgage rates gradually moving upward towards 4.5 percent by the end of 2016.
On the topic of borrowing rates, Yun foresees the U.S. to start slowly entering a rising interest rate environment in coming months, with the Federal Reserve increasing short-term rates in December, and then again in March. He expects mortgage rates gradually moving upward towards 4.5 percent by the end of 2016.
