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Buying Market

Monday, December 18, 2017

Rates dip and quickly rebound!


Mortgage rates this week edged up slightly as Federal Reserve officials charted a course for 2018 that will likely lead to still higher rates. The average for the benchmark 30-year fixed-rate mortgage rate rose 1 basis point, or 0.01 percent, from the previous week in Bankrate’s weekly survey of lenders.The rate, at 4.09 percent, is still below the 52-week high of 4.44 percent, so it’s worth looking into a mortgage or refinance before rates are expected to rise on the heels of the Federal Reserve’s latest action.

- Bankrate.com

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