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.
Mortgage Rate Trends. 1  Mortgage rates continue to drop as the 10-year treasury yield falls to a 2017-low. 2  The benchmark 30-year fixed mortgage rate fell 4 basis points to a 2017 low of 3.82 percent. 3  The average 15-year fixed mortgage rate fell 4 basis points to 3.12 percent.