skip to Main Content

Nebraska Mortgage Rates | October 1 2021

Weekly Rate Update

Rates fluctuate every day and are based on several factors. For an exact rate quote, submit your request HERE for a free evaluation.

PMMS 9/30/2021

The average 30-year-fixed mortgage rate rose 13 basis points to 3.01% for the week ending Sept. 30. Mortgage rates had been roughly flat for seven weeks, and this is the first time it rose above 3% since June.

Sam Khater, Freddie Mac’s chief economist, said in a statement that rates rose across all loan types.

“Many factors led to this increase, including the Federal Reserve communicating that it will taper its support of the capital markets, the broadening of inflation and emerging energy supply shortages which compound other labor and materials shortages,” Khater said.

According to Khater, mortgage rates are expected to continue to rise modestly which will likely have an impact on home prices.

MBA 9/29/2021

Mortgage application volume declined by 1.1% for the week ending Sept. 24. Pushing the decline was the purchase index, which dipped by 1.2% from the previous week

On an unadjusted basis, MBA’s index decreased by 1.3% compared to the previous week, showed the survey published today. The purchase index shrank 1.9%, and the refi index contracted 0.9%.

“Mortgage rates in response rose across all loan types, with the benchmark 30-year fixed-rate reaching its highest level since early July 2021,” Joel Kan, MBA’s associate vice president of economic and industry forecasting, said.

Kan added that the increase in rates occurred “mostly later in the week.”

Meanwhile, the average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250 or less) increased seven basis points to 3.10%.

Contact us…We can help!

Other useful links

What To Do Next

Back To Top
Translate »