US mortgage rates 2021

According to MarketWatch, the cost of mortgage lending in the US is gradually increasing.

So, since the beginning of 2021, the interest rate has increased by about 0.5 percent.

The state mortgage corporation Freddie Mac calculated that at the beginning of the year the interest rate was 3.09%, but now it is 3.17%.

And this is the largest percentage since June last year.

It should also be noted that this amount has increased gradually over the past six weeks or so.

Now if you want to take out a loan for 15 years, you can do it for an average of 2.45% per annum.

While a couple of weeks ago, the rate was 2.4%.

And a year ago the interest rate was 2.92% per annum.

If you need a loan for five years, now it will be 2.84% per year.

A couple of weeks earlier, the interest rate was 2.79%.

In 2020, the interest rate was 3.34%.

However, it should be noted that this calculation of interest rates is average.

Because here the calculation is made without taking into account the commission and other payments to banks that may be associated with a mortgage. Since Freddie Mac takes about 80 mortgage service providers and calculates their average rates.

Of course, this increase in lending rates is associated with the COVID-19, and is also associated with inflation.

Also, the increase in interest rates on loans is associated with the yield of US government bonds.

If their profitability decreases, interest rates on loans rise accordingly.

So the yield on ten-year US TREASURIES a week ago was 1.71%, and now it has dropped to 1.63% per annum.