Mortgage rates have increased, the highest level since February

Mortgage rates This week, Mortgage Recipient Freddie Mac, Thursday, said as President Donald Trump‘s tariffs caused non-stability in the bond market.

The latest primary mortgage market research released on Thursday increased by the 6.62% of the average of 30 years of a fixed mortgage rose to 6.62% of the last week.

The average 30-year loan rate was 7.1% a year ago.

“30 years of fixed interest rate mortgage, but for ten thirteenth week remain below 7% of a row,” Sam Khater, Freddie Mac’s chief economist. “Last year, this time, the demand for the purchase requirement was 7.1%, although it is 13% lower than today, this year is an open sign that spring is a strongest start.”

Mortgage rates are followed by a 10-year treasury product sold from 4.5% last week. He was trading over 4.3% on Thursday afternoon, although it was above 4% of the lower 4%.

The higher productivity becomes higher debt costs for consumers and enterprises, potentially prepares more competitive investments against shares.

Does the US housing market become a buyer friend market?

The average level of 15 years of a stable mortgage is higher than the reading of the last week’s readings. A year ago, ratio 15 years of fixed note Average 6.39%.

Reuters contributed to this report.