Following three straight weeks of decreases, mortgage rates started climbing again, pushed upward by steadying economic data, according to Freddie Mac. The 30-year fixed-rate mortgage average jumped 14 basis points to 5.23% for the weekly period ending June 9, according to Freddie Mac’s Primary Mortgage Market Survey. One week earlier, the rate came in at 5.09%, while in the same seven-day period a year ago, it stood at 2.96%,“After little movement the last few weeks, mortgage rates rose a...
Following three straight weeks of decreases, mortgage rates started climbing again, pushed upward by steadying economic data, according to Freddie Mac. The 30-year fixed-rate mortgage average jumped 14 basis points to 5.23% for the weekly period ending June 9, according to Freddie Mac’s Primary Mortgage Market Survey. One week earlier, the rate came in at 5.09%, while in the same seven-day period a year ago, it stood at 2.96%,“After little movement the last few weeks, mortgage rates rose a...
Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular 30-year fixed loan ended last week at 5.25%. The average rate on the popular 30-year fixed loan ended last week at 5.25%. The last high, ...
Mortgage rates rose sharply this week, after pulling back over the last three weeks. The 30-year fixed hit 5.36% Monday and then moved higher again Tuesday to 5.47%, according to Mortgage News Daily. Volatility in global markets Monday sent bond yields higher. Mortgage rates follow loosely the yield on the 10-year U.S. Treasury. The average rate on the popular 30-year fixed loan ended last week at 5.25%. The average rate on the popular 30-year fixed loan ended last week at 5.25%. The last high, ...
