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Mortgage Rates May Temporarily Spike Due To Tax Bill

Posted by:  Hancock Mortgage Partners, LLC
2017-12-22 07:14:27

Information credited to NationalMortgageNews.com

The tax bill Congress sent to President Trump's desk this week is likely to prompt at least a short-term spike in mortgage rates, according to Freddie Mac.

  30-Year FRM 15-Year FRM 5/1 -Year ARM
Average Rates 3.94% 3.38 3.39
Fees & Points 0.5 0.5 0.3
Margin N/A N/A 2.75

Mortgage rates rise and fall in line with the yield on 10-year Treasury notes, which has hovered around 2.5% since congressional Republicans passed the tax reform bill, an increase of about 15 basis points from a week ago, when the yield was 2.35%.

Read More >> NationalMortgageNews.com

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