Mortgage rates moved higher after remaining at around the same level for about three weeks. The rise in rates was driven by continued improvement in consumer spending and partly due to optimism around a forthcoming cut in short term interest rates, which should provide support for business and investor sentiment.
20 Yr Fixed Rate Mortgage 10 Year Fixed Rate Mortgage Rates Borrowers are beginning to shift towards longer fixed. for five-year deals has surged in two years. Last week’s decision to hold Bank Rate at 0.5pc means the rate has been at near-record lows since.30 Year Average Mortgage Rates Us Mortgage Rates Chart Mortgage Rates Continue to rise april 18, 2019. After dropping dramatically in late March, mortgage rates have modestly increased since then. While this week marks the third consecutive week of rises, purchase activity reached a nine-year high – indicative of a strong spring homebuying season.