Mortgage Rates 11-17-17

By Joy Green Updated on 11/17/2017

Looking back at Q3 housing activity, it's no secret we've been experiencing a "rough patch" as described by Fannie Mae's latest edition of Economic Developers. And although there were some signs of recovery, 18.9% gain in new home sales in September, the increase was not enough of a push to bring about a positive Q3. To worsen matters, leading indicators are showing the rough patch experienced in Q3 may be spilling into Q4; average monthly purchase mortgage applications dropped in October for the third time in four months, total mortgage originations are down 12% from 2016 and originations will fall by another 5%.

 

 

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• 30 year (FRM) rates at 3.97% (0.00%)
• 15 year (FRM) rates at 3.30% (0.00%)
• FHA 30 year Fixed rates at 3.60% (0.00%)
• Jumbo 30 year Fixed rates at 4.16% (0.00%)
• 5/1 ARM rates at 3.21% (-0.01%)