Two out of three (62.5%) mortgage experts polled by Bankrate.com this week think the mortgage rate will continue to rise over the short term, and 25% foresee little change. Only 12.5% forecast a decline.
30-year mortgage rate rises yet again – to 4.16%
Long-term U.S. rates on mortgages climbed for the seventh straight week following Donald Trump’s election victory, again marking new highs for the year.
Mortgage giant Freddie Mac said Thursday the typical rate on a 30-year fixed interest rate loan rose this week to 4.16% from 4.13 % the prior week. The benchmark rate is well above its 3.97% amount of last year.
The rate on 15-year home loans, a favorite choice for people who are refinancing, ticked up to 3.37% from 3.36%.
Long-term mortgage and interest rates have surged in the weeks since Trump’s surprise victory in November.
On Wednesday, the Federal Reserve announced a rise its benchmark interest rate for the first time in nearly a year.
Ever since the election, bond investors have been demanding higher long-term yields and paying lower prices for bonds, while they look toward rising inflation under the Trump administration. Anticipated tax cuts and increased government spending to upgrade roads, bridges and airports could stoke inflation. That could depress prices of long-term Treasury bonds because inflation would erode their value with time. Bond yields, which are in an upward trend for the last month, move opposite to prices. They influence long-term rates on mortgages.
The yield on the 10-year Treasury bond touched its highest level in more than two years and sat at 2.57% late Wednesday, up sharply from 2.34% a week earlier. It rose further to 2.59% Thursday morning.
To calculate average mortgage rates, Freddie Mac surveys lenders across the country between Monday and Wednesday each week.
The average doesn’t include extra fees, known as points, which most borrowers must pay to obtain the lowest rates. One point equals 1 % of the loan amount.
The typical fee for a 30-year mortgage was unchanged this week at 0.5 point. The fee on 15-year loans also remained at 0.5 point.
Rates on adjustable five-year loans rose to 3.19% from 3.17 %. The fee slipped to 0.4 point from 0.5 point.
So if you have been considering purchasing your new home, this may be a good time to lock in your mortgage rate. We work with several lenders here in the Tampa Bay Area that are ready to assist. Give us a call at 813-300-7116 or simply click here to get started.
Take a look at a few of the most recent homes that came on the market here in the Tampa Area.
- List View
- Map View
- Grid View
See all Real estate matching your search.
(all data current as of
11/18/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
- List View
- Map View
- Grid View
See all Real estate matching your search.
(all data current as of
11/18/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
- List View
- Map View
- Grid View
See all Real estate matching your search.
(all data current as of
11/18/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
- List View
- Map View
- Grid View
See all Real estate matching your search.
(all data current as of
11/18/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
- List View
- Map View
- Grid View
See all Real estate matching your search.
(all data current as of
11/18/2025)
Listing information deemed reliable but not guaranteed. Read full disclaimer.
