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Mortgage Rates 12-28-17

By Chantelle Stein Updated on 12/28/2017

Competition is and will always be a driving force in any given market. This holds true for Mortgage Lenders as well. In Fannie Mae's Fourth Quarter Mortgage Lender Sentiment Survey, lenders say they view competition from other lenders as their biggest hurdle to profitability. This is a concern has been listed as one of the top profit concerns for the last 5 quarters. On a brighter note, lenders cited increased operating efficiencies as expected to improve profits in 2018. Fannie Mae surveyed 196 lending institutions including 37 credit unions, 77 depository institutions and 74 mortgage banks.

 

Bookmark this page for mortgage rates:

 

• 30-year (FRM) rates at 4.04% (0.00%)
• 15-year (FRM) rates at 3.37% (0.00%)
• FHA 30-year Fixed rates at 3.75% (0.00%)
• Jumbo 30-year Fixed rates at 4.19% (0.00%)
• 5/1 ARM rates at 3.21% (+0.01%)

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About The Author:
Chantelle Stein
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