{"id":363529,"date":"2021-11-07T00:49:00","date_gmt":"2021-11-06T21:49:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/mortgage-rates-fall-for-the-first-time-in-weeks-even-as-the-fed-decides-to-roll-back-stimulus\/"},"modified":"2021-11-07T00:49:00","modified_gmt":"2021-11-06T21:49:00","slug":"mortgage-rates-fall-for-the-first-time-in-weeks-even-as-the-fed-decides-to-roll-back-stimulus","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/mortgage-rates-fall-for-the-first-time-in-weeks-even-as-the-fed-decides-to-roll-back-stimulus\/","title":{"rendered":"#: Mortgage rates fall for the first time in weeks \u2014 even as the Fed decides to roll back stimulus"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a3d909caf4c2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a3d909caf4c2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/mortgage-rates-fall-for-the-first-time-in-weeks-even-as-the-fed-decides-to-roll-back-stimulus\/#The_Feds_decision_to_scale_back_its_bond-buying_activity_is_expected_to_prop_interest_rates_up_for_the_foreseeable_future\" >The Fed\u2019s decision to scale back its bond-buying activity is expected to prop interest rates up for the foreseeable future<\/a><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><ul class='ez-toc-list-level-4' ><li class='ez-toc-heading-level-4'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/buradabiliyorum.com\/en\/mortgage-rates-fall-for-the-first-time-in-weeks-even-as-the-fed-decides-to-roll-back-stimulus\/#Jacob_Passy\" >Jacob Passy<\/a><\/li><\/ul><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<p>&#8220;<strong>#: Mortgage rates fall for the first time in weeks \u2014 even as the Fed decides to roll back stimulus<\/strong>&#8221;<\/p>\n<h2 class=\"article__subhead\" itemprop=\"alternativeHeadline\"><span class=\"ez-toc-section\" id=\"The_Feds_decision_to_scale_back_its_bond-buying_activity_is_expected_to_prop_interest_rates_up_for_the_foreseeable_future\"><\/span>\n  The Fed\u2019s decision to scale back its bond-buying activity is expected to prop interest rates up for the foreseeable future<br \/>\n<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<p><\/p>\n<div class=\"column column--full article__content\" role=\"region\" aria-label=\"article body\">\n<div class=\"article__side\">\n<div class=\"container--sticky not-active\">\n<div id=\"cx-next\" data-nosnippet>\n              <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div id=\"js-article__body\" class=\"article__body article-wrap at16-col16 barrons-article-wrap\" itemprop=\"articleBody\" data-sbid=\"WP-MKTW-0000473913\" role=\"document\">\n<div class=\"barrons-article-ad-wrapper\">\n<div data-track=\"barrons-article-ad-wrap\" class=\"barrons-article-ad sticky_item\">\n<div class=\"barrons-main-article-ad-target sticky_target body_ad\" aria-hidden=\"true\"><\/div>\n<\/p><\/div>\n<\/p><\/div>\n<div data-layout=\"\n                inline\" data-layout-mobile=\"\" class=\"\n          media-object\n          type-InsetArticleReader\n              \n              inline\n  article__inset\n          article__inset--type-InsetArticleReader\n              article__inset--inline\n  \"><\/p>\n<div class=\"media-object-article-reader\">\n<div class=\"audioplayer\" data-sbid=\"WP-MKTW-0000473913\" role=\"region\" aria-label=\"Listen to Article\" tabindex=\"-1\" id=\"articlereader\" data-show-title=\"false\" data-theme=\"wsj-article-reader\" data-show-header=\"false\" data-show-subscribe=\"false\" data-ads-enabled=\"true\" data-save-publication=\"false\">\n        <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p>       Mortgage rates declined for the first time since a month ago, but the retreat isn\u2019t guaranteed to last long.<\/p>\n<p> The 30-year fixed-rate mortgage averaged 3.09% for the week ending Nov. 4, down five basis points from the previous week, Freddie Mac<br \/>\n        FMCC,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/202741363\/delayed\" class=\"negative\">-5.81%<\/bg-quote><br \/>\n      <a rel=\"nofollow noopener\" target=\"_blank\" href=\"http:\/\/www.freddiemac.com\/pmms\/\" class=\"icon none\"> reported Thursday<\/a>.<\/p>\n<div class=\"paywall\">\n       The 15-year fixed-rate mortgage, meanwhile, fell two basis points to an average of 2.35%. The 5-year Treasury-indexed adjustable-rate mortgage averaged 2.54%, also down two basis points from the previous week.<\/p>\n<p>\u201cWith inflation indicators largely meeting expectations last week,\u00a0rates\u00a0got some relief as markets recalibrated interest rate expectations during the week,\u201d said Paul Thomas, vice president of capital markets at Zillow<br \/>\n        Z,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/204413973\/composite\" class=\"negative\">-2.12%<\/bg-quote><br \/>\n        ZG,<br \/>\n        <bg-quote field=\"percentchange\" format=\"0,000.00%\" channel=\"\/zigman2\/quotes\/205077794\/composite\" class=\"negative\">-3.43%<\/bg-quote><span>.<\/span>\n      <\/p>\n<p>Another factor that could explain the weekly decline was the continued uncertainty in Washington, D.C., regarding the future of President Joe Biden\u2019s proposed policies on infrastructure and <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">social<\/a> spending, said Danielle Hale, chief economist at Realtor.com.<\/p>\n<p>\u201cWhile election results bring certainty about who\u2019s governing, policy uncertainty remains as the bills to enact the president\u2019s infrastructure and families plan continue to be a work in progress,\u201d Hale said. \u201cThis policy and economic uncertainty prevented another big jump in rates this week.\u201d<\/p>\n<p>However, the forward trajectory for the Federal Reserve\u2019s policies is expected to keep interest rates elevated for the foreseeable future. The Fed announced Wednesday that it will begin scaling back the monthly bond purchases it has engaged in since the start of the pandemic in an effort to prop up the economy.<\/p>\n<p>At the start of the COVID-19 crisis, the central bank was buying trillions of dollars in bonds, but then reduced that amount to a pace of $120 billion per month in June. Now, the Fed said it will further decrease that pace by $15 billion per month in November and December.<\/p>\n<p>The move is seen as \u201ca vote of confidence in the current state and expected future of the economy,\u201d Hale said. However, this does mean that the Fed will be purchasing $5 billion less in mortgage-backed securities per month starting in November. Those purchases gave mortgage lenders the fuel needed to keep interest rates as low as they have since last year.<\/p>\n<p>\u201cIn light of this move, mortgage rates are likely to maintain a gradual rate of increase,\u201d Hale said, but she added that home buyers have not yet been rattled too much by the fluctuations in interest rates, even amid rising home prices. One big reason for that, she said, is that rents are skyrocketing, creating pressure for first-time home buyers who want to get a handle on their housing costs.<\/p><\/div>\n<\/div><\/div>\n<p><\/p>\n<div class=\"byline article__byline\">\n<p>    <span>By<\/span><\/p>\n<div class=\"author mobile-scrim hasMenu\" data-scrim='{\"type\":\"author\",\"header\":\"Jacob Passy\",\"subhead\":\"The Wall Street Journal\",\"list\":[{\"type\":\"link\",\"icon\":\"bio\",\"url\":\"https:\/\/www.marketwatch.com\/author\/jacob-passy\",\"text\":\"Biography\"},{\"type\":\"link\",\"icon\":\"twitter\",\"url\":\"https:\/\/twitter.com\/jepassy\",\"text\":\"@jepassy\"},{\"type\":\"link\",\"icon\":\"email\",\"url\":\"http:\/\/www.marketwatch.com\/news\/mailto:jpassy@marketwatch.com\",\"text\":\"jpassy@marketwatch.com\"}]}' itemscope itemprop=\"author\" itemtype=\"http:\/\/schema.org\/Person\">\n<h4 itemprop=\"name\"><span class=\"ez-toc-section\" id=\"Jacob_Passy\"><\/span>Jacob Passy<span class=\"ez-toc-section-end\"><\/span><\/h4>\n<\/p><\/div>\n<\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"http:\/\/www.marketwatch.com\/news\/story.asp?guid=%7B20C05575-04D4-B545-773B-39EC1D836C91%7D&#038;siteid=rss&#038;rss=1\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;#: Mortgage rates fall for the first time in weeks \u2014 even as the Fed decides to roll back stimulus&#8221; The Fed\u2019s decision to scale back its bond-buying activity is expected to prop interest rates up for the foreseeable future Mortgage rates declined for the first time since a month ago, but the retreat isn\u2019t&#8230;<\/p>\n","protected":false},"author":1,"featured_media":363530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/images.mktw.net\/im-322296\/social","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[],"class_list":["post-363529","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363529","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=363529"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/363529\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/363530"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=363529"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=363529"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=363529"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}