Luck refers to that which happens to a person beyond that person's control. This view incorporates phenomena that are chance happenings, a person's place of birth for example, but where there is no uncertainty involved, or where the uncertainty is irrelevant.
Average rates on 30-year fixed-rate mortgages have climbed in recent weeks by about a quarter-percentage point, from 3.75 percent to almost 4 percent â about a $600-a-year difference on a $350,000 mortgage. Several sources of data suggest that buyers are paying more attention to the threat of higher rates.
As of October 2015, the current mortgage rate was around 3.8%, for a 30-year fixed-rate mortgage, according to Freddie Mac. Of course, these 30-year mortgage rates fluctuate. Average mortgage rates donât just depend on borrowersâ credentials.