• Skip to main navigation
  • Skip to content
  • Skip to primary sidebar
  • Skip to footer

Realty Solutions Group

Service Beyond Expectations

SearchClose

Mortgage Rates Tuesday, Feb. 28: Turning Higher; Record Home Prices for 4th Month in a Row

Thirty-year and 15-year fixed rates, as well as 5/1 ARM rates, are all higher today, according to a NerdWallet survey of mortgage interest rates published by national lenders Tuesday morning.

After more than a week of mostly sinking, mortgage rates rebounded and took a firm turn higher today. Investors may be adding some bond exposure to their portfolios after a rousing stock market run. The Dow Jones Industrial Average set a record high for the 12th day in a row Monday, the longest winning streak since 1987.


Mortgage Rates Today, Tuesday, Feb. 28:

(Change from 2/27)
30-year fixed: 4.30% APR (+0.03)
15-year fixed: 3.67% APR (+0.02)
5/1 ARM: 3.82% APR (+0.02)

Get personalized mortgage rates

U.S. home prices notch another all-time high

Homeowners are thrilled; home buyers, not so much. American housing continues to appreciate to all-time high values. The S&P CoreLogic Case-Shiller home price index has set a record high for the fourth month in a row.

Year-over-year, the index recorded a 5.8% annual gain in December 2016, up from 5.6% in November.

“Home prices continue to advance, with the national average rising faster than at any time in the last 2 1/2 years,” David M. Blitzer, chairman of the index committee at S&P Dow Jones Indices, said in a news release. “Looking at real or inflation-adjusted home prices based on the S&P CoreLogic Case-Shiller National Index and the Consumer Price Index, the annual increase in home prices is currently 3.8%. Since 1975, the average pace is 1.3%; about two-thirds of the time, the rate is between -4% and +7%. Home prices are rising, but the speed is not alarming.”

» MORE: Calculate your monthly mortgage payment

One of the main culprits behind rising home prices continues to be the lack of housing inventory for sale, Blitzer says. The national average inventory is currently a 3.6-month supply, which he says is “quite low.”

Homeowners looking to lower their mortgage rate can shop for refinance lenders here.

NerdWallet daily mortgage rates are an average of the published annual percentage rate with the lowest points for each loan term offered by a sampling of major national lenders. APR quotes reflect an interest rate plus points, fees and other expenses, providing the most accurate view of the costs a borrower might pay.

Hal Bundrick is a staff writer at NerdWallet, a personal finance website. Email: [email protected]. Twitter: @halmbundrick.

Mortgage Rate Newsletter

Get daily mortgage rate updates delivered straight to your inbox!

  • Should be Empty:

The article Mortgage Rates Tuesday, Feb. 28: Turning Higher; Record Home Prices for 4th Month in a Row originally appeared on NerdWallet.

Realty Solutions Group was built around a simple but elusive concept: provide brokers and clients with the highest level of service in the industry through cutting-edge sales, marketing programs and a culture that values innovation, relationships and a strong local focus.

In less than 5 years, Realty Solutions Group is among the top independent brokerage firms in S/E Wisconsin.

As a locally-owned, independent company, Realty Solutions Group is deeply committed to supporting the communities and clients we serve. We are constantly evolving, but remain focused on that one simple idea behind our founding.

We are a full service brokerage with discounted commissions. We offer no long term listing contracts, a Performance Guarantee, Smart Seller Program and a Communication Guarantee. Contact us today and let us provide you with the very best real estate experience.

Powered by WPeMatico

Table of Contents

    • Mortgage Rates Today, Tuesday, Feb. 28:
  • U.S. home prices notch another all-time high
  • Mortgage Rate Newsletter

Post navigation

« Mortgage Rates Wednesday, March 1: Sharply Higher as Dow Tops 21,000
Are You 1 of the 59 Million Planning to Buy This Year? »
Search for:

Recent Posts

  • Bright Days Are Ahead When You Move Up This Summer [INFOGRAPHIC] May 27, 2022
  • Why Summer Is a Great Time To Buy a Vacation Home May 26, 2022
  • How Buying or Selling a Home Benefits the Economy and Your Community May 25, 2022
  • Sellers Have an Opportunity with Today’s Home Prices May 24, 2022
  • Sellers Have an Opportunity as Home Prices Re-Accelerate May 24, 2022

Recent Comments

    Archives

    • May 2022
    • April 2022
    • March 2022
    • February 2022
    • January 2022
    • December 2021
    • November 2021
    • October 2021
    • September 2021
    • August 2021
    • July 2021
    • June 2021
    • May 2021
    • April 2021
    • March 2021
    • February 2021
    • January 2021
    • March 2020
    • February 2020
    • January 2020
    • December 2019
    • November 2019
    • October 2019
    • September 2019
    • August 2019
    • March 2019
    • February 2019
    • January 2019
    • December 2018
    • November 2018
    • October 2018
    • July 2018
    • June 2018
    • May 2018
    • April 2018
    • March 2018
    • February 2018
    • January 2018
    • December 2017
    • November 2017
    • October 2017
    • September 2017
    • August 2017
    • July 2017
    • June 2017
    • May 2017
    • April 2017
    • March 2017
    • February 2017
    • January 2017
    • December 2016
    • February 2016
    • 0

    Categories

    • Baby Boomers
    • Buying Myths
    • Demographics
    • Distressed Properties
    • Down Payments
    • First Time Home Buyers
    • For Buyers
    • For Sellers
    • Foreclosures
    • FSBOs
    • Gen Z
    • Generation X
    • Holidays
    • Housing Market Updates
    • Infographics
    • Interest Rates
    • Luxury Market
    • Millennials
    • Move-Up Buyers
    • New Construction
    • Pricing
    • Rent vs. Buy
    • Selling Myths
    • Senior Market
    • Short Sales
    • Time-sensitive
    • Uncategorized

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org
    Search for:

    Meta

    • Log in
    • Entries feed
    • Comments feed
    • WordPress.org

    Go to mobile version