Menu

NYSAR News

Latest News

Mortgage rates climb to 2016 high

Dec 09, 2016
Fixed-rate mortgages were once again on the way up this week, marking the sixth consecutive month for increases. The 30-year fixed-rate mortgage, the most popular one among homebuyers, reached a new high for the year. 
 
"The 30-year mortgage rate rose another 5 basis points to 4.13 percent, starting the month 18 basis points higher than this time last year,” says Sean Becketti, Freddie Mac’s chief economist. “As rates continue to climb and the year comes to a close, next week's [Federal Reserve Board] meeting will be the talk of the town with the markets 94 percent certain of a quarter-point-rate hike."
 
Click here to learn more. 
Featured Content

Home sales near record high in November

There were 10,719 closed home sales across New York State during November, representing the second-highest total on record for the month. The November sales record of 10,991 was set in November 2016. The statewide median sales price grew by 5.8 percent in November compared to last November. Click here to read more.

NYSAR News