Following three straight weeks of decreases, mortgage rates started climbing again, pushed upward by steadying economic data, according to Freddie Mac.ย The 30-year fixed-rate mortgage average jumped 14 basis points to 5.23% for the weekly period ending June 9, according to Freddie Macโs 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%,โAfter 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.ย The 30-year fixed-rate mortgage average jumped 14 basis points to 5.23% for the weekly period ending June 9, according to Freddie Macโs 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%,โAfter little movement the last few weeks, mortgage rates rose a...
Purchase mortgage rates increased for the second consecutive week but at a slower pace as the market chewed on the latest U.S. inflation data, the expectation of a tighteningย Federal Reserveโs monetary policy, and its economic impacts.ย ย
The post Purchase mortgage rates rise ahead of Federal Reserve meeting appeared first on HousingWire.
Purchase mortgage rates increased for the second consecutive week but at a slower pace as the market chewed on the latest U.S. inflation data, the expectation of a tighteningย Federal Reserveโs monetary policy, and its economic impacts.ย ย
The post Purchase mortgage rates rise ahead of Federal Reserve meeting appeared first on HousingWire.
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, ...
It was just a month ago that the Federal Reserve voted to raise the federal funds rate by half a point. Since then, mortgage rates have been volatile. In the weeks following the May 3-4 meeting, the average rate on 30-year fixed-rate loans has jumped from 5.10% to 5.30% and back down to 5.09% again. When you look at mortgage rates compared to the start of the year, itโs clear the Fedโs actions have been a major influencer. Back in January, the average 30-year mortgage rate was barely over 3%...
It was just a month ago that the Federal Reserve voted to raise the federal funds rate by half a point. Since then, mortgage rates have been volatile. In the weeks following the May 3-4 meeting, the average rate on 30-year fixed-rate loans has jumped from 5.10% to 5.30% and back down to 5.09% again. When you look at mortgage rates compared to the start of the year, itโs clear the Fedโs actions have been a major influencer. Back in January, the average 30-year mortgage rate was barely over 3%...
