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.
The big news for mortgage interest rates last 30 days came during the second half of May as rates continued to tumble to new lows, falling first to 4.29 percent, then to 4.21 percent and finally closing out with Freddie Mac reporting rates of 4.12 percent for a 30-year fixed rate as of May 29.ong-term mortgage rates are still likely to creep up to around the 6 percent mark as 2015 draws to a close, but donât expect that to shake the housing market or the economy in general.