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Financing / Mortgage (파이낸싱 / 모게지)

(마이애미부동산) Mortgage rates soar to 4.46% – biggest jump in 26 years‏‏ (마이애미부동산)

(마이애미부동산)

By Les Christie @CNNMoney June 27, 2013: 11:21 AM ET

 

mortgage rates 062713
NEW YORK (CNNMoney)

Rising interest rates have hit mortgages big time.

Rates on 30-year, fixed-rate home loans spiked 0.53 percentage points to an average of 4.46% this week — the largest weekly increase in more than 26 years, mortgage giant Freddie Mac said Thursday.

 

The 30-year loan, which stood at 3.35% as recently as early May, is at its highest level since July 2011.

Rates for 15-year loans, popular with homeowners refinancing their mortgages, jumped 0.46 percentage points to 3.5%.

An extra percentage point will cost homebuyers with 30-year, fixed-rate mortgages $56 more a month for every $100,000 they borrow.

Related: Best advice now for homebuyers and sellers

“If sustained, the rate increase will take some of the steam out of the housing market,” said Mark Zandi, chief economist at Moody’s Analytics.

The sudden jump in rates is driven by uncertainty over whether the Federal Reserve’s economic stimulus program, called quantitative easing, will continue, according to Keith Gumbinger of HSH.com, a mortgage information provider.

“The aftermath of the Fed meeting and Mr. Bernanke’s remarks … about the future of QE continue to roil markets,” Gumbinger said.

Bernanke on stimulus in 90 seconds
 

“Even though the chairman spoke about tapering QE over what will likely be an extended period of time — through mid-2014 at least — bond market participants headed for the exits,” he added.

Related: Quiz: How much do you know about mortgages?

While the recent rise in rates has homebuyers on high alert, it might not be enough to cool the housing market. Home prices have risen 12% but are still about 28% below their 2006 peak. And, despite the recent spike, rates are still well under historic norms.

“Rates are still reasonable,” said Zandi. “Going from 3.5% to 4.5% is not helpful, but it’s not enough to make a big difference.” To top of page

 

 

(마이애미부동산)

About jennyformiamihome

성심껏 도와드리겠습니다. 연락주시면 바로 상세히 답변드립니다. Jenny Shin / 신정미 부동산 (Broker's Real Estate) 남부 플로리다 마이애미 지역 한인 부동산 주택매매 렌트 싱글하우스 타운하우스 콘도 브라워드 카운티 마이애미 데이드 카운티 포트로더데일 웨스턴 코랄스프링 도랄 Rent or Buy single house, town house and Condo Miami Dade County / Broward County, fort lauderdale, coral springs, copper city, weston, doral 1398 SW 160TH AVE. SUITE 105 Weston, FL. 33326 Direct : 954-551-0236 Office : 954-384-1616 Fax : 954-697-0447 E-mail : jenny_shin62@hotmail.com

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JENNY SHIN PROFILE


Jenny Shin / 신정미 부동산
(Broker's Real Estate)
1398 SW 160TH AVE. SUITE 105
Weston FL 33326
Direct : 954-551-0236
Office : 954-384-1616
Fax : 954-697-0447
E-mail : jenny_shin62@hotmail.com

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