American mortgage interest rate

As of March 2022, the average interest rate of 30-year fixed mortgage in the United States was 4.42%.

As of March, the average interest rate of 30-year fixed mortgage in the United States was 4.42%, which was higher than the average interest rate of 4. 16% last week. In the same period a year ago, the average interest rate of 30-year fixed mortgage Sakura Biyou loan in the United States was 3. 17.

Earlier, many research institutions have warned that the Fed's tightening of monetary policy and raising interest rates may impact many types of assets, including the US real estate market. As the Federal Reserve further raises the interest rate level, the mortgage interest rate in the US real estate market may face further upward pressure. At present, the 30-year mortgage interest rate in the United States is fixed, and the mortgage interest rate in the US real estate market may face further upward pressure.

3.4 1%; 15 has a fixed mortgage interest rate of 2.74%; The floating interest rate of 5-year mortgage is 2.68%, and there will be some differences among banks. The specific link depends on the actual situation;

How much is the Fed raising interest rates by 75 basis points? The loan interest will also rise accordingly.

The unit of base point represents different meanings in different scenes. On the change of interest rate, one basis point is 0.0 1%, so 75 basis points is 0.75%. Therefore, the Fed will raise interest rates by 75 basis points, which means that the Fed will raise interest rates by 0.75%.

So, what is the interest rate of this interest rate hike? Deposit and loan interest rate? Discount rate? Or other interest rates? The interest rate here is actually the interbank lending rate, mainly the overnight lending rate.

Because sometimes, financial institutions will encounter short-term liquidity shortage, and at this time, they may find interbank borrowing funds in the interbank market. The Federal Reserve is also a participant in this market, and it is the most important participant. Therefore, the Federal Reserve has a great say in determining the interbank lending rate.

When the Federal Reserve announced an increase in interest rates, other institutions had to borrow money from the Federal Reserve, and the interest on borrowing money would rise. People who borrow other money may be jealous when they see the interest rate rise, and then raise the interest rate accordingly.

Even if other institutions other than the Federal Reserve are unwilling to raise product interest rates, I am afraid it will not work. Because if we don't raise interest rates, everyone will ask her for money. Where can an institution borrow so much money? Finally, we have to raise interest rates to relieve our pressure.

Therefore, after the Fed raises interest rates, the interest rates of other lending institutions are likely to increase accordingly.

Why did the Fed raise interest rates?

Reasons for the Fed to raise interest rates: After the Fed raises the interbank lending market interest rate, the cost for other financial institutions to borrow money from the Fed will increase.

First of all, the Fed's interest rate hike means that the overall interest rate level in the United States will rise. The Fed's interest rate hike is not the deposit and loan interest rate that we usually contact the most, but the interest rate of the Fed in the interbank lending market, which is called the federal funds rate, which is equivalent to the benchmark interest rate of other interest rates.

meaning

As the Federal Reserve is the largest participant in the interbank lending market, the financing it provides will occupy a large proportion in other financial institutions, and the increase in financing costs is difficult to digest by itself and can only be passed on to others, so the financing interest rates provided by these financial institutions will also rise. As a result, the interest rate of the whole market will rise.

Second, the Fed's interest rate hike means that inflation in the United States has not been effectively controlled. The reason why the Fed wants to raise interest rates is generally because inflation in the United States is too high. Because raising interest rates can encourage residents to save more and consume less, it can also curb financing and loans, thus curbing investment and consumption. When investment and consumption are restrained, it will help to reduce inflation.

What does the Fed mean by raising interest rates? What is the timetable for the Fed to raise interest rates?

What does the Fed mean by raising interest rates?

The Federal Reserve is the central bank of the United States, and raising interest rates is the behavior of the central bank of a country or region to raise interest rates. In fact, the Fed's interest rate hike is the standard line for adjusting deposit interest rate, loan interest rate, interbank lending rate and many other interest rates.

Fed rate hike schedule

Since 20 18, the Federal Reserve has raised interest rates four times. For the first time, on March 3, 20 18, the Federal Reserve announced a rate hike of 25 basis points, from 1.5% to 1.75%. The second rate hike was on June 13, and the Federal Reserve announced that it would raise the federal funds rate to 1.75%-2.00%. For the third time, on September 27th, the Federal Reserve raised the federal funds rate to 2.00%-2.25%, with an increase of 25 basis points. For the fourth time, on February 20th, 20 18 and 18, the Federal Reserve raised the target interest rate range of the federal funds to 2.25%-2.50%.

What is the impact of the Fed's interest rate hike?

The appreciation of the dollar and the increase in interest rates have the most direct impact on the appreciation of the local currency. Because money naturally likes places with high interest rates. For example, if the annual interest rate of deposits in Area A is 5% and the annual interest rate of deposits in Area B is 10%, then the funds will definitely flow to Area B. Once the funds start to flow to areas with high interest rates, the demand for money in this area will increase, which will bring appreciation.

The depreciation of RMB and the appreciation of the US dollar will directly lead to the reduction of RMB convertible dollars, resulting in the passive depreciation of RMB. For example, before 10 yuan RMB could be exchanged for 1.5 USD, now 10 yuan RMB can only be exchanged for 1.2 USD. In other words, buying overseas goods, traveling abroad and studying abroad will cost more RMB.

The biggest impact of interest rate hike is the bond market, because foreigners will not hold non-interest-bearing dollars, but hold dollar bonds, so the demand for dollar bonds increases and the price is pushed up. Similarly, it may be good for US stocks, especially financial stocks.

Bad for gold, the exchange rate of the US dollar is one of the important factors that affect the fluctuation of gold price. Generally speaking, in the gold market, the dollar rises and the international gold price falls, while the dollar falls and the international gold price rises.

A strong dollar generally means that the domestic economic situation in the United States is good, domestic stocks and bonds in the United States will be sought after by investors, and the function of gold as a means of value storage will be weakened; The decline in the exchange rate of the US dollar is often related to inflation and the stock market downturn, and the value-preserving function of gold is once again reflected.

The mortgage interest rate in the United States has risen to 5.8 1%. What is the relationship between the loan interest rate increase and it?

The fluctuation of loan interest rate is mainly related to the interest level, which includes not only the deposit interest rate, but also the loan interest rate.

The reason why the loan interest rate in the United States will rise sharply is that many people's loan demand is further improving, and on the other hand, it is also related to the Fed's interest rate hike. After that, the Federal Reserve will shrink its balance sheet accordingly, so the interest rates of credit loans and mortgage loans in the United States will further increase, and this data may even set a historical record for American loans.

Mortgage interest rates in the United States soared.

After the Federal Reserve raised interest rates three times, the local mortgage interest rate in the United States has risen to 5.8 1%. Prior to this, the mortgage interest rate in the United States has never been so high, and this figure has exceeded the highest level since 2008. If the inflation problem in the United States is not solved, the interest rate of mortgage loans may further increase, and the cost of people applying for mortgage loans will also increase accordingly.

The rise of loan interest rate is mainly related to the interest level.

You can try to understand this logic: when we talk about raising interest rates, raising interest rates in a place will not only increase the deposit interest rate, but also increase the loan interest rate, thus tightening the liquidity of money. When the Fed raises interest rates, raising interest rates will directly lead to a further increase in loan interest rates, so this will not only happen on mortgage interest rates, but also on credit interest rates.

What is my personal opinion?

Personally, it is very normal for the mortgage interest rate in the United States to rise, because the CPI ratio in the United States has reached more than 8%. If CPI continues to be high, all loan interest rates will further increase. When the mortgage interest rate exceeds 10%, this figure means that basically not many people are willing to apply for loan products, and the liquidity of money in the market will be further tightened.

20 18 1 1 American mortgage interest rate

United States 1 1 mortgage interest rate report

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Youtoufang

Youtoufang is a professional team that analyzes the big data of American real estate, helping Chinese to analyze the investment trend of American real estate.

abstract:

In 30 years and 15 years, although the mortgage interest rate was adjusted at 10, it generally rose sharply. The average values are 4.83% and 4.25% respectively.

5/ 1ARM adjustable mortgage interest rate continued to rise in June 5438+ 10, with an average of 4.08%.

Today, some investors have compiled the survey of loan interest rates of major financial institutions in the United States released by FreddieMac. To understand the operation process of American loans, you can refer to the relevant contents of the previous American house purchase guide: the American house purchase guide-a preparation manual before applying for a mortgage.

The average weekly mortgage interest rate is 20 18 1 1, and the overall mortgage interest rate drops.

Source: FreddieMac.

According to FreddieMac's statistics as of February 6th, 65438, the average interest rate of 30-year fixed mortgage in the United States was 4.75% last week, 4.2 1% last week and 4.07% last week on 5/ 1ARM adjustable mortgage. During the period of 165438+ 10, all interest rates fell in different degrees: the 30-year fixed interest rate continued to fall, the 15-year fixed interest rate and the 5/ 1ARM adjustable mortgage interest rate fluctuated slightly, but the overall trend was downward.

Average monthly mortgage interest rate: 20 18 1 1 The mortgage interest rate shows a downward trend.

#30-year fixed mortgage interest rate

In June this year, the average monthly interest rate of 30-year fixed mortgage increased by 0.04 percentage points compared with the previous month, but from the trend, it experienced a rapid growth of 10 interest rate at the end of June, and in June 1 1 interest rate showed an obvious downward trend. The average cost point is maintained at 0.5.

# 15 fixed mortgage interest rate

10, the average monthly fixed mortgage interest rate 1 15 also increased by 0.03 percentage points compared with last month, partly due to the high interest rate at the end of last month and the obvious downward trend of interest rate this month. The average cost point remains at 0.4.

#5 years adjustable mortgage interest rate

The adjustable mortgage interest rate of 65438+1October 5/ 1ARM fluctuated at the end of last month, showing an obvious downward trend in165438+1October, with an average monthly increase of 0.03 percentage point compared with 65438+1October. The average cost point is 0.3.

Note: 5-year adjustable mortgage interest rate means that the loans in the first 5 years are repaid at a fixed interest rate, and the rest are paid off at a floating interest rate, which is adjusted once a year with market changes.

# Available credit index

The mortgage credit availability index rose from 1 1 to 188.8. Credit index can be used to measure the strictness of credit standards. When the available credit index rises, it means that credit becomes loose. According to the report of Mortgage Bankers Association, while the traditional credit supply has increased, the government credit has remained basically unchanged, which has led to the increase of credit index.

Available credit index

Source: Mortgage Bankers Association.

The mortgage interest rate has a downward trend this month, but it is still rising.

In the third quarter of 2065438+2008, the growth rate of GDP in the United States was 3.5%, exceeding previous expectations. Since 20 18, with the Federal Reserve raising interest rates, mortgage interest rates have also entered the upward channel. Although the interest rate performance in June 165438+ 10 eased, it was difficult to stop the upward trend of interest rates.

Source: FreddieMac；; Shaded parts are estimated values.

According to Freddie Mac's forecast report, if the mortgage interest rate rises, while the labor market remains strong and income increases, then the US real estate market is expected to continue to grow moderately in 20 18 and 20 19.

Although the sales of existing houses may be difficult to surpass the best performance in 20 17, the sales of new houses should provide enough growth to promote the increase of the total housing sales in the United States in 20 18, and it is expected that the sales will increase moderately this year and next;

The real estate market is still in short supply, and house prices will continue to rise. However, the recent increase in housing supply will slow down the growth rate and house prices are expected to rise moderately. It is estimated that American house prices will increase by 5. 1% in 20 18, and the growth rate will continue to slow down to 4.3% next year.

Due to the increase of loan interest rate and the decrease of refinancing, it is expected that the new loans this year will decrease compared with the previous year. However, in the long run, the increase in housing sales and the moderate increase in housing prices will promote the increase in the number of new loans to offset some of its effects. It is estimated that the number of new loans will decrease slightly in 20 19.

Mortgage interest rate rises, and monthly supply increases.

Multi-party data show that the mortgage interest rate will continue to rise moderately in the future, which will directly affect the increase of monthly supply. Therefore, buyers who have plans to purchase houses should lock in interest rates as soon as possible to save money.

If the mortgage interest rate continues to rise in the future, then the monthly repayment amount of buyers who purchase houses with loans will increase.

The above picture shows the monthly repayment amount of 30-year fixed-rate mortgage under different interest rates and loan quotas.

For example, the interest rate of the 30-term fixed mortgage loan was raised from 4.5% to 5%.

If the loan is USD 350,000, the monthly payment will increase from USD 65,438+USD 0,773 to USD 65,438+USD 0,879, and the monthly payment will be USD 65,438+USD 0,006.

If the loan is USD 650,000, the monthly payment will increase from USD 3,293 to USD 3,489, and the monthly payment will be 196.