November's Mortgage Rate Update

This week’s mortgage rate has risen yet again! For a 30-year fixed rate mortgage, it settled on 3.83 which is up 17 basis points from last week. IT has been rising all week and finally landed where it currently is.

The Fed is talking about raising interest rates this December due to “strong job reports”. There are still other factors for the Fed to look at before they raise rates, but you should probably get ready to watch them hike.

For a 15-0year fixed mortgage the rate is 2.98, and for 5/1 ARMS its 2.99 percent. 

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